Jones Financial Companies Lllp Raises Stake in Tractor Supply (NASDAQ:TSCO)

Share on StockTwits

Jones Financial Companies Lllp grew its holdings in Tractor Supply (NASDAQ:TSCO) by 4.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,257 shares of the specialty retailer’s stock after purchasing an additional 165 shares during the period. Jones Financial Companies Lllp’s holdings in Tractor Supply were worth $463,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. D.B. Root & Company LLC lifted its stake in shares of Tractor Supply by 2.2% in the 2nd quarter. D.B. Root & Company LLC now owns 5,138 shares of the specialty retailer’s stock valued at $559,000 after purchasing an additional 112 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Tractor Supply by 0.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 16,665 shares of the specialty retailer’s stock valued at $1,813,000 after purchasing an additional 115 shares during the last quarter. Hammer Asset Management LLC lifted its stake in shares of Tractor Supply by 0.3% in the 1st quarter. Hammer Asset Management LLC now owns 45,735 shares of the specialty retailer’s stock valued at $4,471,000 after purchasing an additional 121 shares during the last quarter. Coastal Investment Advisors Inc. lifted its stake in shares of Tractor Supply by 32.3% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 549 shares of the specialty retailer’s stock valued at $58,000 after purchasing an additional 134 shares during the last quarter. Finally, Advisor Group Inc. lifted its stake in shares of Tractor Supply by 0.5% in the 1st quarter. Advisor Group Inc. now owns 30,946 shares of the specialty retailer’s stock valued at $3,028,000 after purchasing an additional 164 shares during the last quarter. 81.77% of the stock is currently owned by institutional investors and hedge funds.

TSCO traded up $1.19 during mid-day trading on Friday, hitting $100.55. 1,078,600 shares of the stock were exchanged, compared to its average volume of 1,307,510. The firm’s fifty day moving average is $109.04 and its two-hundred day moving average is $101.70. Tractor Supply has a 1-year low of $78.67 and a 1-year high of $114.25. The company has a current ratio of 1.52, a quick ratio of 0.16 and a debt-to-equity ratio of 1.57. The company has a market cap of $11.85 billion, a PE ratio of 23.33, a PEG ratio of 1.86 and a beta of 1.10.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.01). The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. Tractor Supply had a net margin of 6.71% and a return on equity of 36.12%. Tractor Supply’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.69 EPS. As a group, research analysts anticipate that Tractor Supply will post 4.74 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Friday, August 23rd. Tractor Supply’s dividend payout ratio is currently 32.48%.

TSCO has been the topic of several recent analyst reports. Morgan Stanley set a $112.00 price target on Tractor Supply and gave the company a “hold” rating in a research note on Friday, July 26th. BidaskClub raised Tractor Supply from a “hold” rating to a “buy” rating in a research note on Thursday, June 27th. Goldman Sachs Group began coverage on Tractor Supply in a research note on Thursday, July 11th. They set a “buy” rating and a $122.00 target price on the stock. Telsey Advisory Group reissued a “market perform” rating and set a $113.00 target price (up previously from $103.00) on shares of Tractor Supply in a research note on Friday, July 26th. Finally, Northcoast Research lowered Tractor Supply from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the stock. Tractor Supply presently has a consensus rating of “Hold” and an average target price of $107.65.

In other Tractor Supply news, COO Steve K. Barbarick sold 36,108 shares of the stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $104.10, for a total value of $3,758,842.80. Following the sale, the chief operating officer now owns 60,258 shares of the company’s stock, valued at approximately $6,272,857.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Chad Michael Frazell sold 17,857 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $110.04, for a total value of $1,964,984.28. Following the completion of the sale, the senior vice president now directly owns 31,004 shares in the company, valued at approximately $3,411,680.16. The disclosure for this sale can be found here. Insiders sold a total of 64,933 shares of company stock worth $6,865,486 in the last ninety days. 1.50% of the stock is owned by corporate insiders.

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.

Read More: Options Trading

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

Receive News & Ratings for Tractor Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply and related companies with MarketBeat.com's FREE daily email newsletter.