The Gamco Investors INC. ET AL Has $6.90 Million Position in Tractor Supply Company (TSCO)

The Gamco Investors INC. ET AL Has $6.90 Million Position in Tractor Supply Company (TSCO)

Several other hedge funds have also recently modified their holdings of TSCO. Hosking Partners LLP boosted its stake in shares of Tractor Supply Company by 13.9% in the third quarter. Hosking Partners LLP now owns 437,207 shares of the specialty retailer’s stock worth $29,446,000 after buying an additional 53,320 shares during the last quarter. Gilder Gagnon Howe & Co. LLC raised its position in shares of Tractor Supply Company by 2.7% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 29,963 shares of the specialty retailer’s stock worth $2,018,000 after buying an additional 800 shares during the period. WCM Investment Management CA raised its position in shares of Tractor Supply Company by 2.2% in the first quarter. WCM Investment Management CA now owns 437,624 shares of the specialty retailer’s stock worth $30,183,000 after buying an additional 9,425 shares during the period. Pensionfund Sabic raised its stake in shares of Tractor Supply Company by 17.6% in the first quarter. Pensionfund Sabic now owns 19,400 shares of the specialty retailer’s stock valued at $1,338,000 after buying an additional 2,900 shares during the period. Finally, Motley Fool Wealth Management LLC raised its stake in shares of Tractor Supply Company by 96.9% in the fourth quarter. Motley Fool Wealth Management LLC now owns 61,250 shares of the specialty retailer’s stock valued at $4,643,000 after buying an additional 30,137 shares during the period. Institutional investors and hedge funds own 86.37% of the company’s stock.

Gamco Investors INC. ET AL reduced its position in Tractor Supply Company (NASDAQ:TSCO) by 4.4% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 100,000 shares of the specialty retailer’s stock after selling 4,590 shares during the period. Gamco Investors INC. ET AL owned about 0.08% of Tractor Supply Company worth $6,897,000 at the end of the most recent reporting period.

Tractor Supply Company (NASDAQ TSCO) opened at 55.61 on Monday. The firm has a 50-day moving average price of $60.07 and a 200-day moving average price of $69.99. The company has a market cap of $7.15 billion, a PE ratio of 17.17 and a beta of 1.24. Tractor Supply Company has a 52-week low of $52.85 and a 52-week high of $96.87.

Tractor Supply Company (NASDAQ:TSCO) last released its earnings results on Wednesday, April 26th. The specialty retailer reported $0.46 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.57 billion. Tractor Supply Company had a return on equity of 30.29% and a net margin of 6.45%. Tractor Supply Company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.50 earnings per share. On average, analysts forecast that Tractor Supply Company will post $3.41 EPS for the current year. The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 6th. Investors of record on Monday, May 22nd will be given a dividend of $0.27 per share. The ex-dividend date is Thursday, May 18th. This is an increase from Tractor Supply Company’s previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a yield of 1.94%. Tractor Supply Company’s payout ratio is 29.36%.

TSCO has been the topic of several analyst reports. Credit Suisse Group AG reissued a “hold” rating and issued a $73.00 price target on shares of Tractor Supply Company in a report on Sunday, February 5th. Wedbush restated an “outperform” rating and issued a $85.00 target price on shares of Tractor Supply Company in a research note on Sunday, February 5th. Guggenheim reiterated a “buy” rating and set a $85.00 price target on shares of Tractor Supply Company in a research report on Thursday, February 16th. Oppenheimer Holdings Inc. restated an “outperform” rating on shares of Tractor Supply Company in a research report on Thursday, February 23rd. Finally, Instinet reaffirmed a “buy” rating and issued a $85.00 price target on shares of Tractor Supply Company in a research note on Saturday, March 11th. Eighteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $82.74. In related news, CMO Steve K. Barbarick sold 15,014 shares of Tractor Supply Company stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $72.59, for a total transaction of $1,089,866.26. Following the transaction, the chief marketing officer now directly owns 65,450 shares in the company, valued at $4,751,015.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by insiders.

About Tractor Supply Company 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:TSCO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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