Tractor Supply Company (TSCO) Shares Sold by Investment Centers of America Inc.

Investment Centers of America Inc. lowered its position in Tractor Supply Company (NASDAQ:TSCO) by 16.3% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,623 shares of the specialty retailer’s stock after selling 706 shares during the period. Investment Centers of America Inc.’s holdings in Tractor Supply Company were worth $250,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in TSCO. Bronfman E.L. Rothschild L.P. boosted its position in Tractor Supply Company by 3.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,497 shares of the specialty retailer’s stock worth $172,000 after buying an additional 91 shares in the last quarter. Dynamic Advisors Solutions LLC boosted its position in Tractor Supply Company by 3.4% in the first quarter. Dynamic Advisors Solutions LLC now owns 3,065 shares of the specialty retailer’s stock worth $211,000 after buying an additional 100 shares in the last quarter. Koch Industries Inc. bought a new position in Tractor Supply Company during the first quarter worth about $216,000. Gofen & Glossberg LLC IL boosted its position in Tractor Supply Company by 6.7% in the first quarter. Gofen & Glossberg LLC IL now owns 3,165 shares of the specialty retailer’s stock worth $218,000 after buying an additional 200 shares in the last quarter. Finally, Cleararc Capital Inc. boosted its position in Tractor Supply Company by 0.9% in the first quarter. Cleararc Capital Inc. now owns 3,199 shares of the specialty retailer’s stock worth $221,000 after buying an additional 29 shares in the last quarter. Institutional investors and hedge funds own 92.61% of the company’s stock.

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

Tractor Supply Company (NASDAQ TSCO) traded down 0.19% during midday trading on Friday, hitting $52.43. 991,066 shares of the stock were exchanged. The company’s 50 day moving average is $57.37 and its 200-day moving average is $68.33. Tractor Supply Company has a 1-year low of $52.11 and a 1-year high of $95.39. The stock has a market cap of $6.74 billion, a PE ratio of 16.19 and a beta of 1.23.

Tractor Supply Company (NASDAQ:TSCO) last issued its earnings results on Wednesday, April 26th. The specialty retailer reported $0.46 EPS for the quarter, hitting the consensus estimate of $0.46. Tractor Supply Company had a net margin of 6.25% and a return on equity of 29.64%. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the previous year, the firm earned $0.50 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, analysts expect that Tractor Supply Company will post $3.41 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 6th. Investors of record on Monday, May 22nd were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.06%. This is an increase from Tractor Supply Company’s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, May 18th. Tractor Supply Company’s payout ratio is presently 33.44%.

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A number of equities analysts recently issued reports on TSCO shares. TheStreet upgraded shares of Tractor Supply Company from a “c+” rating to a “b” rating in a research report on Friday, March 17th. Instinet reiterated a “buy” rating and set a $85.00 price objective on shares of Tractor Supply Company in a research report on Saturday, March 11th. Guggenheim lowered their price objective on shares of Tractor Supply Company to $85.00 and set a “buy” rating for the company in a research report on Friday, February 24th. Robert W. Baird set a $80.00 price objective on shares of Tractor Supply Company and gave the stock a “buy” rating in a research report on Wednesday, April 12th. Finally, Barclays PLC set a $90.00 price objective on shares of Tractor Supply Company and gave the stock a “buy” rating in a research report on Wednesday, April 12th. Eighteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $82.74.

Tractor Supply Company Company 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.

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