Griffin Asset Management Inc. lifted its holdings in Tractor Supply (NASDAQ:TSCO) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,425 shares of the specialty retailer’s stock after buying an additional 1,010 shares during the quarter. Griffin Asset Management Inc.’s holdings in Tractor Supply were worth $3,994,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Two Sigma Advisers LP raised its holdings in shares of Tractor Supply by 1.6% in the fourth quarter. Two Sigma Advisers LP now owns 1,648,477 shares of the specialty retailer’s stock valued at $123,224,000 after buying an additional 25,613 shares during the last quarter. IFM Investors Pty Ltd bought a new position in shares of Tractor Supply in the third quarter valued at about $259,000. Nordea Investment Management AB raised its holdings in shares of Tractor Supply by 7.3% in the third quarter. Nordea Investment Management AB now owns 64,781 shares of the specialty retailer’s stock valued at $4,100,000 after buying an additional 4,396 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Tractor Supply by 3.1% in the third quarter. Asset Management One Co. Ltd. now owns 207,739 shares of the specialty retailer’s stock valued at $13,145,000 after buying an additional 6,218 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board raised its holdings in shares of Tractor Supply by 93.7% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 38,512 shares of the specialty retailer’s stock valued at $2,879,000 after buying an additional 18,625 shares during the last quarter. 83.25% of the stock is owned by institutional investors and hedge funds.
Shares of TSCO stock traded up $0.30 during mid-day trading on Wednesday, hitting $63.12. The stock had a trading volume of 33,325 shares, compared to its average volume of 1,927,090. The company has a current ratio of 1.95, a quick ratio of 0.24 and a debt-to-equity ratio of 0.31. The company has a market cap of $7,907.39, a PE ratio of 19.04, a PEG ratio of 1.16 and a beta of 1.27. Tractor Supply has a one year low of $49.87 and a one year high of $82.68.
Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Tractor Supply had a return on equity of 30.81% and a net margin of 5.82%. Tractor Supply’s revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.94 EPS. analysts anticipate that Tractor Supply will post 4.1 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 13th. Stockholders of record on Monday, February 26th were paid a $0.27 dividend. The ex-dividend date was Friday, February 23rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.71%. Tractor Supply’s dividend payout ratio (DPR) is presently 32.73%.
A number of research analysts recently issued reports on the company. BidaskClub cut Tractor Supply from a “hold” rating to a “sell” rating in a report on Saturday, March 10th. Royal Bank of Canada lifted their price target on Tractor Supply to $74.00 and gave the company a “sector perform” rating in a report on Monday, January 29th. Zacks Investment Research cut Tractor Supply from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Wedbush reaffirmed a “hold” rating and issued a $69.00 price target (down from $80.00) on shares of Tractor Supply in a report on Wednesday, February 21st. Finally, Loop Capital cut their price target on Tractor Supply to $68.00 and set a “hold” rating for the company in a report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $73.10.
In other news, Director Edna Morris sold 1,054 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $67.07, for a total value of $70,691.78. Following the completion of the sale, the director now directly owns 10,949 shares of the company’s stock, valued at approximately $734,349.43. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company’s stock.
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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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