American Century Companies Inc. raised its stake in Tractor Supply (NASDAQ:TSCO – Free Report) by 7.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 245,465 shares of the specialty retailer’s stock after purchasing an additional 17,244 shares during the quarter. American Century Companies Inc. owned about 0.23% of Tractor Supply worth $66,276,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in TSCO. Future Financial Wealth Managment LLC acquired a new stake in Tractor Supply during the first quarter worth about $26,000. LRI Investments LLC acquired a new stake in Tractor Supply during the 1st quarter worth approximately $28,000. Rise Advisors LLC raised its holdings in Tractor Supply by 157.1% in the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 66 shares during the period. Whittier Trust Co. lifted its position in Tractor Supply by 60.9% during the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 42 shares in the last quarter. Finally, J.Safra Asset Management Corp grew its stake in Tractor Supply by 700.0% during the first quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock worth $29,000 after buying an additional 98 shares during the period. 98.72% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, SVP Matthew L. Rubin sold 540 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the transaction, the senior vice president now owns 5,170 shares of the company’s stock, valued at $1,356,349.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.24% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Read Our Latest Report on TSCO
Tractor Supply Stock Up 1.2 %
Shares of NASDAQ:TSCO opened at $282.96 on Monday. The company’s fifty day moving average is $266.57 and its two-hundred day moving average is $266.00. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.25 and a current ratio of 1.43. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $290.38. The stock has a market capitalization of $30.51 billion, a price-to-earnings ratio of 27.55, a price-to-earnings-growth ratio of 3.51 and a beta of 0.80.
Tractor Supply (NASDAQ:TSCO – Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, hitting the consensus estimate of $3.93. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same quarter in the prior year, the business earned $3.83 earnings per share. Tractor Supply’s quarterly revenue was up 1.6% on a year-over-year basis. Equities analysts anticipate that Tractor Supply will post 10.23 EPS for the current year.
Tractor Supply Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $4.40 dividend on an annualized basis and a yield of 1.55%. Tractor Supply’s payout ratio is currently 42.84%.
Tractor Supply Profile
Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.
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