Commonwealth Equity Services LLC raised its holdings in Tractor Supply (NASDAQ:TSCO) by 2.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,492 shares of the specialty retailer’s stock after buying an additional 509 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Tractor Supply were worth $1,762,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of TSCO. Thomasville National Bank bought a new stake in shares of Tractor Supply during the second quarter valued at approximately $212,000. Beese Fulmer Investment Management Inc. bought a new stake in shares of Tractor Supply during the second quarter valued at approximately $370,000. WINTON GROUP Ltd boosted its position in shares of Tractor Supply by 3,516.1% during the second quarter. WINTON GROUP Ltd now owns 148,044 shares of the specialty retailer’s stock valued at $16,107,000 after purchasing an additional 143,950 shares in the last quarter. TrimTabs Asset Management LLC bought a new stake in shares of Tractor Supply during the second quarter valued at approximately $1,309,000. Finally, Gulf International Bank UK Ltd boosted its position in shares of Tractor Supply by 1.2% during the second quarter. Gulf International Bank UK Ltd now owns 28,177 shares of the specialty retailer’s stock valued at $3,065,000 after purchasing an additional 345 shares in the last quarter. Hedge funds and other institutional investors own 83.23% of the company’s stock.
A number of brokerages have issued reports on TSCO. Piper Jaffray Companies set a $113.00 price objective on Tractor Supply and gave the company a “buy” rating in a research note on Friday, October 25th. BidaskClub cut Tractor Supply from a “buy” rating to a “hold” rating in a research note on Saturday, September 14th. Nomura initiated coverage on Tractor Supply in a research note on Friday, November 8th. They set a “neutral” rating and a $100.00 price objective for the company. Wells Fargo & Co decreased their price target on Tractor Supply from $125.00 to $115.00 and set an “outperform” rating for the company in a research note on Monday, October 14th. Finally, Wolfe Research initiated coverage on Tractor Supply in a research note on Tuesday, October 8th. They issued a “hold” rating and a $95.00 price target for the company. Eleven research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $108.60.
NASDAQ:TSCO traded up $1.08 during mid-day trading on Wednesday, hitting $95.72. 812,110 shares of the company traded hands, compared to its average volume of 1,352,623. The stock’s fifty day moving average price is $95.68 and its 200-day moving average price is $101.16. Tractor Supply has a one year low of $78.67 and a one year high of $114.25. The company has a quick ratio of 0.15, a current ratio of 1.60 and a debt-to-equity ratio of 1.75. The firm has a market cap of $11.18 billion, a price-to-earnings ratio of 22.21, a price-to-earnings-growth ratio of 1.81 and a beta of 1.01.
Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.01). The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $2 billion. Tractor Supply had a return on equity of 36.64% and a net margin of 6.69%. The business’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the company earned $0.95 EPS. Equities analysts predict that Tractor Supply will post 4.71 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Friday, November 22nd. Tractor Supply’s dividend payout ratio (DPR) is 32.48%.
In other news, SVP Chad Michael Frazell sold 13,441 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $98.49, for a total value of $1,323,804.09. Corporate insiders own 1.50% of the company’s stock.
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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