Van ECK Associates Corp lifted its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 293,466 shares of the specialty retailer’s stock after acquiring an additional 5,903 shares during the period. Van ECK Associates Corp owned approximately 0.23% of Tractor Supply worth $18,573,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in Tractor Supply by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 485,313 shares of the specialty retailer’s stock worth $33,471,000 after purchasing an additional 14,543 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Tractor Supply by 6.2% during the second quarter. Oregon Public Employees Retirement Fund now owns 34,511 shares of the specialty retailer’s stock worth $1,871,000 after purchasing an additional 2,000 shares during the last quarter. LS Investment Advisors LLC boosted its holdings in Tractor Supply by 29.4% during the second quarter. LS Investment Advisors LLC now owns 6,456 shares of the specialty retailer’s stock worth $350,000 after purchasing an additional 1,468 shares during the last quarter. Aperio Group LLC boosted its holdings in Tractor Supply by 35.8% during the second quarter. Aperio Group LLC now owns 43,929 shares of the specialty retailer’s stock worth $2,381,000 after purchasing an additional 11,581 shares during the last quarter. Finally, FineMark National Bank & Trust boosted its holdings in Tractor Supply by 32.5% during the second quarter. FineMark National Bank & Trust now owns 5,381 shares of the specialty retailer’s stock worth $292,000 after purchasing an additional 1,320 shares during the last quarter. 95.57% of the stock is owned by institutional investors.

Several brokerages recently commented on TSCO. Piper Jaffray Companies reiterated a “hold” rating and issued a $56.00 price target on shares of Tractor Supply in a research note on Friday, October 27th. KeyCorp reiterated a “hold” rating on shares of Tractor Supply in a research note on Friday, November 10th. Robert W. Baird set a $66.00 price target on shares of Tractor Supply and gave the company a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research cut shares of Tractor Supply from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Finally, Loop Capital set a $55.00 price target on shares of Tractor Supply and gave the company a “hold” rating in a research note on Wednesday, October 25th. Sixteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $68.05.

Shares of Tractor Supply Company (TSCO) opened at $64.29 on Friday. Tractor Supply Company has a 12 month low of $49.87 and a 12 month high of $78.25. The stock has a market cap of $8,072.51, a PE ratio of 19.08, a PEG ratio of 1.40 and a beta of 1.29. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 2.00.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. Tractor Supply had a net margin of 6.04% and a return on equity of 31.25%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the firm earned $0.67 earnings per share. Tractor Supply’s revenue for the quarter was up 11.6% compared to the same quarter last year. research analysts forecast that Tractor Supply Company will post 3.28 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Monday, November 20th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Friday, November 17th. Tractor Supply’s dividend payout ratio is 32.05%.

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Tractor Supply Profile

Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.

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

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