Voya Investment Management LLC cut its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 9.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 69,442 shares of the specialty retailer’s stock after selling 6,927 shares during the period. Voya Investment Management LLC owned 0.06% of Tractor Supply worth $5,312,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TSCO. Boston Partners purchased a new position in shares of Tractor Supply during the second quarter valued at approximately $118,735,000. JPMorgan Chase & Co. increased its stake in shares of Tractor Supply by 272.3% during the first quarter. JPMorgan Chase & Co. now owns 772,945 shares of the specialty retailer’s stock valued at $48,710,000 after buying an additional 565,333 shares during the period. Janus Henderson Group PLC increased its stake in shares of Tractor Supply by 12.3% during the second quarter. Janus Henderson Group PLC now owns 4,473,406 shares of the specialty retailer’s stock valued at $342,171,000 after buying an additional 488,863 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Tractor Supply by 8,360.6% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 478,953 shares of the specialty retailer’s stock valued at $36,635,000 after buying an additional 473,292 shares during the period. Finally, Champlain Investment Partners LLC increased its stake in shares of Tractor Supply by 38.6% during the first quarter. Champlain Investment Partners LLC now owns 1,292,115 shares of the specialty retailer’s stock valued at $81,429,000 after buying an additional 360,040 shares during the period. 81.67% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TSCO stock opened at $90.39 on Wednesday. The firm has a market capitalization of $10.96 billion, a P/E ratio of 27.14, a PEG ratio of 1.68 and a beta of 1.42. Tractor Supply has a twelve month low of $54.76 and a twelve month high of $91.92. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.19 and a current ratio of 1.92.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, July 26th. The specialty retailer reported $1.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.08. Tractor Supply had a return on equity of 35.24% and a net margin of 6.34%. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the company posted $1.25 earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. equities analysts anticipate that Tractor Supply will post 4.19 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 11th. Shareholders of record on Monday, August 27th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.37%. The ex-dividend date was Friday, August 24th. Tractor Supply’s dividend payout ratio (DPR) is 37.24%.

In other Tractor Supply news, EVP Benjamin F. Parrish, Jr. sold 25,252 shares of the business’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $89.62, for a total value of $2,263,084.24. Following the sale, the executive vice president now directly owns 28,700 shares of the company’s stock, valued at $2,572,094. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Benjamin F. Parrish, Jr. sold 5,000 shares of the business’s stock in a transaction on Monday, July 9th. The stock was sold at an average price of $78.44, for a total value of $392,200.00. Following the completion of the sale, the executive vice president now directly owns 21,948 shares in the company, valued at $1,721,601.12. The disclosure for this sale can be found here. Insiders sold 240,676 shares of company stock worth $21,239,177 over the last three months. Corporate insiders own 1.60% of the company’s stock.

Several equities analysts have recently issued reports on the company. Robert W. Baird boosted their target price on Tractor Supply from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, July 16th. Piper Jaffray Companies boosted their target price on Tractor Supply from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, July 27th. Zacks Investment Research cut Tractor Supply from a “buy” rating to a “hold” rating in a research note on Wednesday, July 18th. Stephens set a $93.00 target price on Tractor Supply and gave the company a “buy” rating in a research note on Friday, July 27th. Finally, ValuEngine raised Tractor Supply from a “hold” rating to a “buy” rating in a research note on Wednesday, June 27th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the company. Tractor Supply currently has a consensus rating of “Hold” and a consensus target price of $81.60.

Tractor Supply Profile

Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.

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Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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