Private Advisor Group LLC trimmed its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 14.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,424 shares of the specialty retailer’s stock after selling 2,186 shares during the quarter. Private Advisor Group LLC’s holdings in Tractor Supply were worth $810,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Comerica Securities Inc. grew its position in shares of Tractor Supply by 67.4% in the second quarter. Comerica Securities Inc. now owns 5,596 shares of the specialty retailer’s stock valued at $303,000 after purchasing an additional 2,254 shares during the last quarter. Andra AP fonden grew its position in shares of Tractor Supply by 88.8% in the second quarter. Andra AP fonden now owns 18,500 shares of the specialty retailer’s stock valued at $1,003,000 after purchasing an additional 8,700 shares during the last quarter. Strs Ohio grew its position in shares of Tractor Supply by 248.4% in the third quarter. Strs Ohio now owns 5,818 shares of the specialty retailer’s stock valued at $368,000 after purchasing an additional 4,148 shares during the last quarter. Tandem Investment Advisors Inc. grew its position in shares of Tractor Supply by 8.8% in the second quarter. Tandem Investment Advisors Inc. now owns 90,437 shares of the specialty retailer’s stock valued at $4,903,000 after purchasing an additional 7,347 shares during the last quarter. Finally, Achmea Investment Management B.V. grew its position in shares of Tractor Supply by 58.3% in the second quarter. Achmea Investment Management B.V. now owns 12,891 shares of the specialty retailer’s stock valued at $697,000 after purchasing an additional 4,748 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.
TSCO has been the topic of several research analyst reports. Robert W. Baird set a $62.00 price target on Tractor Supply and gave the company a “buy” rating in a research report on Friday, August 25th. Bank of America reaffirmed a “buy” rating and issued a $69.00 price target on shares of Tractor Supply in a research report on Tuesday, September 5th. Credit Suisse Group reaffirmed a “hold” rating and issued a $54.00 price target on shares of Tractor Supply in a research report on Wednesday, September 13th. Zacks Investment Research upgraded shares of Tractor Supply from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, BMO Capital Markets increased their target price on shares of Tractor Supply from $58.00 to $61.00 and gave the company a “market perform” rating in a research note on Wednesday, September 27th. Seventeen analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $66.26.
Shares of Tractor Supply Company (NASDAQ:TSCO) opened at $67.66 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.00 and a quick ratio of 0.17. Tractor Supply Company has a one year low of $49.87 and a one year high of $78.25. The firm has a market cap of $8,347.52, a PE ratio of 19.73, a P/E/G ratio of 1.45 and a beta of 1.32.
Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Tractor Supply had a net margin of 6.04% and a return on equity of 31.25%. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 earnings per share. research analysts forecast that Tractor Supply Company will post 3.28 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Monday, November 20th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date was Friday, November 17th. Tractor Supply’s dividend payout ratio is 32.05%.
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About Tractor Supply
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.
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