grace capital purchased a new stake in shares of Tractor Supply (NASDAQ:TSCO) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,900 shares of the specialty retailer’s stock, valued at approximately $451,000.

A number of other large investors have also bought and sold shares of the business. Tower Research Capital LLC TRC purchased a new position in shares of Tractor Supply during the second quarter valued at about $308,000. Cubist Systematic Strategies LLC grew its position in shares of Tractor Supply by 74.9% during the second 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. Bank of America Corp DE grew its position in shares of Tractor Supply by 0.5% during the second quarter. Bank of America Corp DE now owns 546,086 shares of the specialty retailer’s stock valued at $41,771,000 after purchasing an additional 2,625 shares in the last quarter. Morgan Stanley grew its position in shares of Tractor Supply by 211.2% during the second quarter. Morgan Stanley now owns 1,244,467 shares of the specialty retailer’s stock valued at $95,190,000 after purchasing an additional 844,609 shares in the last quarter. Finally, Hammer Asset Management LLC purchased a new position in Tractor Supply in the second quarter worth about $3,497,000. 81.71% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:TSCO opened at $88.61 on Friday. Tractor Supply has a 1 year low of $54.76 and a 1 year high of $91.92. The company has a market cap of $11.05 billion, a price-to-earnings ratio of 26.61, a price-to-earnings-growth ratio of 1.69 and a beta of 1.43. The company has a quick ratio of 0.19, a current ratio of 1.92 and a debt-to-equity ratio of 0.39.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, July 26th. The specialty retailer reported $1.69 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the business earned $1.25 earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. analysts anticipate that Tractor Supply will post 4.19 EPS for the current fiscal year.

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

In other news, EVP Benjamin F. Parrish, Jr. sold 5,000 shares of Tractor Supply stock in a transaction that occurred on Monday, July 9th. The shares were sold at an average price of $78.44, for a total transaction of $392,200.00. Following the completion of the sale, the executive vice president now owns 21,948 shares of the company’s stock, valued at $1,721,601.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Benjamin F. Parrish, Jr. sold 25,252 shares of Tractor Supply stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $89.62, for a total transaction 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 approximately $2,572,094. The disclosure for this sale can be found here. Insiders have sold 240,676 shares of company stock valued at $21,239,177 in the last 90 days. Company insiders own 1.60% of the company’s stock.

Several research analysts recently commented on the company. BidaskClub upgraded Tractor Supply from a “hold” rating to a “buy” rating in a research report on Saturday, June 23rd. ValuEngine upgraded Tractor Supply from a “hold” rating to a “buy” rating in a research report on Wednesday, June 27th. Gordon Haskett assumed coverage on Tractor Supply in a research report on Wednesday, June 20th. They issued an “accumulate” rating and a $86.00 price target for the company. Zacks Investment Research upgraded Tractor Supply from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research report on Tuesday, July 17th. Finally, Wedbush lifted their price target on Tractor Supply from $65.00 to $77.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 18th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $80.60.

Tractor Supply Company 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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