Economy

Tractor Supply Company (NASDAQ:TSCO) Trading Down - Short Interest Up by 12.49%

The stock of Tractor Supply Company (NASDAQ:TSCO) earned "Buy" rating by Robert W. Baird on Friday, August 25. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,697 shares of the specialty retailer's stock valued at $669,000 after buying an additional 2,173 shares in the last quarter.

Several other large investors have also recently added to or reduced their stakes in TSCO. The company's end of quarter revenue went up 8.9% compared with the same period in the prior year. for the same period in the prior year, firm reported $1.16 Earnings Per Share. The Alta Capital Management Llc holds 249,378 shares with $13.52 million value, up from 243,244 last quarter. Gofen & Glossberg LLC IL now owns 3,165 shares of the specialty retailer's stock valued at $218,000 after acquiring an additional 200 shares during the period. Finally, Gofen & Glossberg LLC IL raised its stake in Tractor Supply by 6.7% during the 1st quarter. Price T Rowe Associates Inc. Sentry Investment Management grew its stake in Tractor Supply by 3.1% through out the Fiscal Q2. MD now owns 17,380 shares of the specialty retailer's stock worth $942,000 after acquiring an additional 75 shares during the period. State Street Corp raised its stake in Tractor Supply Company by 4.2% in the fourth quarter. Next Financial Group, Inc bolstered its position by buying 2,086 shares an increase of 39.0% in the quarter.

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Shares of Tractor Supply Company (NASDAQ:TSCO) opened at 60.69 on Friday. BMO Capital Markets fixed a $57.00 target price on stock of Tractor Supply and issued the company a hold recommendation in a study note on early Tue, Jul 11th. Analysts reported that the Price Target for Tractor Supply Company might touch $81 high while the Average Price Target and Low price Target is $61.51 and $52 respectively. Bank of America Corporation reissued a "buy" rating and issued a $69.00 price target on shares of Tractor Supply in a report on Tuesday, September 5th. Sixteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. 109.17 million shares or 0.16% more from 109.00 million shares in 2017Q1 were reported. In other news, CMO Steve K. Barbarick sold 15,014 shares of the company's stock in a transaction on Thursday, March 9th. Tractor Supply had 46 analyst reports since July 23, 2015 according to SRatingsIntel.

The P/E ratio is 18.38 and the market cap of the company is 7.70B. The company's 50 day moving average is $57.82 and its 200-day moving average is $59.67.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Wednesday, July 26th. In the last earnings report the EPS was $3.31 and is expected to be $3.25 for the current year with 126,695,000 shares now outstanding. Finally, Piper Jaffray Companies set a $55.00 target price on Tractor Supply and gave the stock a "hold" rating in a report on Tuesday, July 25th. Deutsche Bank maintained Tractor Supply Company (NASDAQ:TSCO) on Friday, September 30 with "Buy" rating.

Geneva Advisors Llc decreased its stake in Tractor Supply Comp (TSCO) by 95.22% based on its latest 2017Q2 regulatory filing with the SEC. Moreover, Nomura Asset Co Ltd has 0.01% invested in Tractor Supply Company (NASDAQ:TSCO) for 17,631 shares.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Days to cover decreased -1.0 to 5.0 and the percentage of shorted shares is 0.11% as of August 31. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date was Thurs, Aug 17th. this indicates a $1.08 annual dividend and a payout of of 1.78%. Its Tractor Supply stores range in size from 15,000 to 20,000 square feet of inside selling space, along with additional outside selling space and its Petsense stores have approximately 5,500 square feet of inside selling space. Louisiana State Employees Retirement System has invested 0.02% in Tractor Supply Company (NASDAQ:TSCO). The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses.



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