Tractor Supply Company (TSCO) Shares Bought by HL Financial Services LLC

HL Financial Services LLC boosted its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 25.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,532 shares of the specialty retailer’s stock after buying an additional 5,146 shares during the period. HL Financial Services LLC’s holdings in Tractor Supply were worth $1,384,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Pictet Asset Management Ltd. increased its stake in shares of Tractor Supply by 17.6% in the second quarter. Pictet Asset Management Ltd. now owns 216,783 shares of the specialty retailer’s stock worth $11,956,000 after buying an additional 32,366 shares during the period. Honeywell International Inc. purchased a new stake in shares of Tractor Supply during the second quarter worth $21,576,000. Cullen Frost Bankers Inc. increased its stake in shares of Tractor Supply by 3.7% in the second quarter. Cullen Frost Bankers Inc. now owns 5,664 shares of the specialty retailer’s stock worth $307,000 after buying an additional 200 shares during the period. Lowe Brockenbrough & Co. Inc. increased its stake in shares of Tractor Supply by 17.5% in the second quarter. Lowe Brockenbrough & Co. Inc. now owns 8,846 shares of the specialty retailer’s stock worth $480,000 after buying an additional 1,316 shares during the period. Finally, Korea Investment CORP increased its stake in shares of Tractor Supply by 102.8% in the second quarter. Korea Investment CORP now owns 28,618 shares of the specialty retailer’s stock worth $1,551,000 after buying an additional 14,505 shares during the period. Institutional investors and hedge funds own 91.37% of the company’s stock.

Tractor Supply Company (NASDAQ:TSCO) opened at 55.49 on Thursday. The firm’s 50-day moving average price is $53.42 and its 200-day moving average price is $62.74. Tractor Supply Company has a 12 month low of $49.87 and a 12 month high of $87.10. The firm has a market cap of $7.11 billion, a price-to-earnings ratio of 16.77 and a beta of 1.32.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $1.25 EPS for the quarter, missing the Zacks’ consensus estimate of $1.27 by $0.02. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.02 billion. Tractor Supply had a return on equity of 30.56% and a net margin of 6.16%. The firm’s revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the company earned $1.16 earnings per share. Equities research analysts predict that Tractor Supply Company will post $3.25 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Monday, August 21st will be given a dividend of $0.27 per share. The ex-dividend date is Thursday, August 17th. This represents a $1.08 dividend on an annualized basis and a yield of 1.95%. Tractor Supply’s dividend payout ratio (DPR) is presently 32.53%.

A number of brokerages have recently weighed in on TSCO. BMO Capital Markets boosted their price target on Tractor Supply from $57.00 to $58.00 and gave the company a “market perform” rating in a report on Friday, July 28th. Credit Suisse Group set a $54.00 price target on Tractor Supply and gave the company a “hold” rating in a report on Thursday, July 27th. Deutsche Bank AG reiterated a “hold” rating and issued a $54.00 price target (down from $69.00) on shares of Tractor Supply in a report on Thursday, July 27th. Guggenheim reiterated a “buy” rating and issued a $70.00 price target (down from $80.00) on shares of Tractor Supply in a report on Thursday, July 27th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Tractor Supply in a report on Thursday, July 27th. Nineteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $74.91.

Tractor Supply 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.