It is currently trading at $61.25 just a bit higher than $57.82, the 50 day moving average and which is just a bit higher than the 200 day moving average of $59.67. The 50 day moving average was up $3.43 or +5.93% and the 200 day average moved up $1.58. 1,605K shares changed hands on Wednesday. Trading volume was down 36.75% under the stocks average daily volume.
Investors are more bearish on the company lately if you consider the uptick in short interest. The firm recorded a rise in short interest of 12.49% between August 15, 2017 and August 31, 2017. Short interest increased 1,532,970 over that period. Days to cover decreased from 6.0 to 5.0 and the short interest percentage is 0.11% as of August 31.
Here are a few substantial investment firms who have updated their positions. As of quarter end Perigon Wealth Management, LLC had disposed of a total of 5,744 shares trimming its stake by 77.5%. The value of the investment in (TSCO) went from $511,000 to $91,000 decreasing 82.2% quarter over quarter. As of the end of the quarter Next Financial Group, Inc had bought 2,086 shares growing its holdings by 39.0%. The value of the investment in TSCO increased from $331,000 to $403,000,000 a change of 121,652.3% quarter to quarter.
William Blair Investment Management, LLC trimmed its ownership by shedding 373,236 shares a decrease of 9.1% as of 06/30/2017. William Blair Investment Management, LLC now controls 3,725,192 shares valued at $201,943,000. The value of the position overall is down by 28.6%. Hosking Partners Llp bolstered its stake by buying 7,607 shares an increase of 1.6%. Hosking Partners Llp claims 474,869 shares with a value of $25,743,000. The total value of its holdings decreased 20.1%.
The company is unchanged by % percent from yesterday’s close. The company recently declared a dividend for shareholders that was paid on Tuesday the 6th of June 2017. The dividend payment was $0.270 per share for the quarter which comes to $1.08 on an annualized basis. This dividend amount was represent a yield of $1.71. The ex-dividend date was set for Thursday the 17th of August 2017.
The P/E ratio is currently 18.51 and the market cap of the company is 7.76B. As of the latest earnings report the EPS was $3.31 and is expected to be $3.25 for the current year with 126,695,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.87 and the next full year EPS is 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..