Kayne Anderson Rudnick Investment Management LLC grew its position in Tractor Supply (NASDAQ:TSCO) by 16.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 139,405 shares of the specialty retailer’s stock after purchasing an additional 19,513 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned approximately 0.11% of Tractor Supply worth $8,785,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Calton & Associates Inc. bought a new position in Tractor Supply in the 4th quarter worth about $109,000. Centaurus Financial Inc. bought a new position in Tractor Supply in the 1st quarter worth about $100,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Tractor Supply in the 4th quarter worth about $187,000. Advisor Partners LLC bought a new position in Tractor Supply in the 4th quarter worth about $207,000. Finally, Kennedy Capital Management Inc. bought a new position in Tractor Supply in the 4th quarter worth about $204,000. Hedge funds and other institutional investors own 80.51% of the company’s stock.
Several research analysts have commented on the stock. Piper Jaffray Companies restated an “overweight” rating and issued a $85.00 target price (up previously from $78.00) on shares of Tractor Supply in a research report on Tuesday. BidaskClub upgraded shares of Tractor Supply from a “hold” rating to a “buy” rating in a research report on Thursday, May 17th. TheStreet upgraded shares of Tractor Supply from a “c+” rating to a “b-” rating in a research report on Monday. ValuEngine upgraded shares of Tractor Supply from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Finally, Wells Fargo & Co restated a “buy” rating on shares of Tractor Supply in a research report on Thursday, May 3rd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the company. Tractor Supply presently has an average rating of “Hold” and a consensus target price of $72.90.
TSCO stock opened at $74.21 on Friday. Tractor Supply has a 12 month low of $49.87 and a 12 month high of $82.68. The company has a market cap of $9.21 billion, a P/E ratio of 22.29, a price-to-earnings-growth ratio of 1.38 and a beta of 1.27. The company has a quick ratio of 0.22, a current ratio of 1.96 and a debt-to-equity ratio of 0.54.
Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, April 26th. The specialty retailer reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. Tractor Supply had a net margin of 5.88% and a return on equity of 31.99%. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period in the prior year, the business earned $0.46 earnings per share. The business’s quarterly revenue was up 7.6% on a year-over-year basis. equities analysts predict that Tractor Supply will post 4.08 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 12th. Investors of record on Tuesday, May 29th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, May 25th. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.27. This represents a $1.24 annualized dividend and a yield of 1.67%. Tractor Supply’s dividend payout ratio is currently 32.43%.
Tractor Supply Company Profile
Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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