CapWealth Advisors LLC Purchases Shares of 39,085 Tractor Supply (TSCO)

CapWealth Advisors LLC bought a new stake in Tractor Supply (NASDAQ:TSCO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 39,085 shares of the specialty retailer’s stock, valued at approximately $2,990,000.

Several other hedge funds have also modified their holdings of TSCO. Qube Research & Technologies Ltd acquired a new stake in Tractor Supply during the 2nd quarter valued at $130,000. Millennium Management LLC grew its holdings in Tractor Supply by 331.8% during the 2nd quarter. Millennium Management LLC now owns 16,154 shares of the specialty retailer’s stock valued at $1,236,000 after purchasing an additional 12,413 shares in the last quarter. grace capital acquired a new stake in Tractor Supply during the 2nd quarter valued at $451,000. Tower Research Capital LLC TRC acquired a new stake in Tractor Supply during the 2nd quarter valued at $308,000. Finally, Cubist Systematic Strategies LLC grew its holdings in Tractor Supply by 74.9% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 12,515 shares of the specialty retailer’s stock valued at $957,000 after purchasing an additional 5,361 shares in the last quarter. 81.72% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently weighed in on TSCO. Robert W. Baird raised their price target on shares of Tractor Supply from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, July 16th. Piper Jaffray Companies raised their price objective on shares of Tractor Supply from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, July 27th. BidaskClub lowered shares of Tractor Supply from a “strong-buy” rating to a “buy” rating in a report on Friday. Zacks Investment Research lowered shares of Tractor Supply from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. Finally, Stephens set a $93.00 price objective on shares of Tractor Supply and gave the stock a “buy” rating in a report on Friday, July 27th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $81.60.

In other news, COO Steve K. Barbarick sold 21,257 shares of Tractor Supply stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $89.12, for a total value of $1,894,423.84. Following the completion of the transaction, the chief operating officer now directly owns 78,210 shares of the company’s stock, valued at approximately $6,970,075.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kurt D. Barton sold 6,146 shares of Tractor Supply stock in a transaction dated Wednesday, July 18th. The shares were sold at an average price of $79.50, for a total transaction of $488,607.00. Following the completion of the transaction, the chief financial officer now directly owns 29,237 shares of the company’s stock, valued at $2,324,341.50. The disclosure for this sale can be found here. Insiders sold a total of 235,676 shares of company stock valued at $20,846,977 over the last ninety days. Company insiders own 1.60% of the company’s stock.

NASDAQ TSCO opened at $88.68 on Tuesday. Tractor Supply has a one year low of $54.76 and a one year high of $92.45. The company has a quick ratio of 0.19, a current ratio of 1.92 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $11.07 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 1.69 and a beta of 1.39.

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

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 11th. Stockholders of record on Monday, August 27th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Friday, August 24th. Tractor Supply’s dividend payout ratio (DPR) is presently 37.24%.

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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