Investors are more bearish on Tractor Supply Company if you evaluate the increase in short interest. The company realized a rise in short interest of 12.49% as of August 31, 2017 from the last reporting period. Short interest grew 1,532,970 over that period. Days to cover decreased -1.0 to 5.0 and the percentage of shorted shares is 0.11% as of August 31.
These funds have shifted positions in (TSCO). As of quarter end Perigon Wealth Management, LLC had disposed of a total of 5,744 shares trimming its position 77.5%. The value in dollars went from $511,000 to $91,000 a change of $420,000 since the last quarter. Next Financial Group, Inc bolstered its position by buying 2,086 shares an increase of 39.0% in the quarter. Next Financial Group, Inc claims 7,436 shares worth $403,000,000. The value of the position overall is up by 121,652.3%.
As of the end of the quarter William Blair Investment Management, LLC had sold 373,236 shares trimming its stake by 9.1%. The value of the total investment in Tractor Supply Company decreased from $282,669,000 to $201,943,000 a change of 28.6% quarter over quarter. As of quarter end Hosking Partners Llp had bought a total of 7,607 shares growing its holdings by 1.6%. The value of the investment in Tractor Supply Company went from $32,227,000 to $25,743,000 decreasing 20.1% for the reporting period.
In the market the company is trading down by 0.72% percent from yesterday’s close. Tractor Supply Company also declared a dividend for shareholders which was paid on Tuesday June 6th, 2017. The dividend payment was $0.270 per share for the quarter or $1.08 on an annualized basis. This dividend represents a yield of $1.71. The ex-dividend date was set for Thursday the 17th of August 2017.
It is currently trading at $60.81 which is slightly above the 50 day moving average which is $57.82 and which is just a bit higher than the 200 day moving average of $59.67. The 50 day moving average was up $2.99 or +5.17% and the 200 day average went up $1.14 or +1.92%.
The P/E ratio is 18.38 and the market cap of the company is 7.70B. As of the latest earnings report the EPS was $3.31 and is projected to be $3.25 for the current year with 126,695,000 shares now outstanding. Next quarter’s EPS is forecasted at $0.87 with next year’s EPS projected to be $3.62.
Tractor Supply Company, launched on December 2, 1982, 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 involved in the retail sale of products that support the rural lifestyle. The Company operates retail stores under the names Tractor Supply Company, Del’s Feed & Farm Supply and Petsense, and operates Websites under the names TractorSupply.com and Petsense.com. Its stores are located primarily in towns outlying metropolitan markets and in rural communities. As of December 31, 2016, it operated 1,738 retail stores in 49 states (1,595 Tractor Supply and Del’s retail stores and 143 Petsense retail stores). 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..