Swiss National Bank trimmed its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 1.2% during the fourth quarter, Holdings Channel reports. The fund owned 470,000 shares of the specialty retailer’s stock after selling 5,500 shares during the quarter. Swiss National Bank’s holdings in Tractor Supply were worth $35,133,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Strs Ohio increased its position in shares of Tractor Supply by 248.4% during the third quarter. Strs Ohio now owns 5,818 shares of the specialty retailer’s stock worth $368,000 after acquiring an additional 4,148 shares during the last quarter. Achmea Investment Management B.V. increased its position in shares of Tractor Supply by 58.3% during the second quarter. Achmea Investment Management B.V. now owns 12,891 shares of the specialty retailer’s stock worth $697,000 after acquiring an additional 4,748 shares during the last quarter. Wedbush Securities Inc. increased its position in shares of Tractor Supply by 46.4% during the third quarter. Wedbush Securities Inc. now owns 23,213 shares of the specialty retailer’s stock worth $1,469,000 after acquiring an additional 7,359 shares during the last quarter. Cim LLC increased its position in shares of Tractor Supply by 3.0% during the third quarter. Cim LLC now owns 111,475 shares of the specialty retailer’s stock worth $7,055,000 after acquiring an additional 3,260 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its position in shares of Tractor Supply by 29.9% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,300 shares of the specialty retailer’s stock worth $715,000 after acquiring an additional 2,600 shares during the last quarter. 92.58% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on TSCO. Piper Jaffray Companies reaffirmed a “hold” rating and set a $56.00 target price on shares of Tractor Supply in a research report on Friday, October 27th. Royal Bank of Canada boosted their price objective on Tractor Supply to $74.00 and gave the company a “sector perform” rating in a report on Monday, January 29th. KeyCorp reissued a “hold” rating on shares of Tractor Supply in a report on Friday, November 10th. Robert W. Baird set a $66.00 price objective on Tractor Supply and gave the company a “buy” rating in a report on Thursday, October 26th. Finally, Guggenheim reissued a “buy” rating and issued a $88.00 price objective on shares of Tractor Supply in a report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $72.85.
In other news, CMO Steve K. Barbarick sold 43,076 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $69.03, for a total transaction of $2,973,536.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edna Morris sold 1,054 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $67.07, for a total value of $70,691.78. Following the transaction, the director now directly owns 10,949 shares of the company’s stock, valued at $734,349.43. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.
Tractor Supply (TSCO) opened at $67.32 on Friday. The company has a market capitalization of $8,230.00, a P/E ratio of 20.34, a PEG ratio of 1.27 and a beta of 1.17. Tractor Supply has a fifty-two week low of $49.87 and a fifty-two week high of $82.68. The company has a current ratio of 1.95, a quick ratio of 0.24 and a debt-to-equity ratio of 0.31.
Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.04. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.93 billion. Tractor Supply had a return on equity of 30.81% and a net margin of 5.82%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.94 earnings per share. sell-side analysts predict that Tractor Supply will post 4.1 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Monday, February 26th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Friday, February 23rd. Tractor Supply’s dividend payout ratio (DPR) is presently 32.63%.
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Tractor Supply Profile
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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