Zeke Capital Advisors LLC Invests $313,000 in Tractor Supply Company (TSCO) Stock

Zeke Capital Advisors LLC acquired a new stake in shares of Tractor Supply Company (NASDAQ:TSCO) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,949 shares of the specialty retailer’s stock, valued at approximately $313,000.

Several other large investors also recently added to or reduced their stakes in the company. New Amsterdam Partners LLC NY boosted its stake in shares of Tractor Supply by 0.7% during the second quarter. New Amsterdam Partners LLC NY now owns 6,893 shares of the specialty retailer’s stock valued at $374,000 after purchasing an additional 50 shares during the period. Virginia Retirement Systems ET AL boosted its stake in shares of Tractor Supply by 4.9% during the second quarter. Virginia Retirement Systems ET AL now owns 4,300 shares of the specialty retailer’s stock valued at $233,000 after purchasing an additional 200 shares during the period. Cullen Frost Bankers Inc. boosted its stake in shares of Tractor Supply by 3.7% during the second quarter. Cullen Frost Bankers Inc. now owns 5,664 shares of the specialty retailer’s stock valued at $307,000 after purchasing an additional 200 shares during the period. Allegis Investment Advisors LLC boosted its stake in shares of Tractor Supply by 1.7% during the second quarter. Allegis Investment Advisors LLC now owns 12,942 shares of the specialty retailer’s stock valued at $702,000 after purchasing an additional 216 shares during the period. Finally, Tredje AP fonden boosted its stake in shares of Tractor Supply by 2.8% during the second quarter. Tredje AP fonden now owns 9,580 shares of the specialty retailer’s stock valued at $519,000 after purchasing an additional 260 shares during the period. 92.61% of the stock is owned by hedge funds and other institutional investors.

Tractor Supply Company (NASDAQ:TSCO) opened at $68.16 on Friday. The company has a quick ratio of 0.17, a current ratio of 2.00 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $8,568.51, a price-to-earnings ratio of 20.25, a price-to-earnings-growth ratio of 1.49 and a beta of 1.32. Tractor Supply Company has a twelve month low of $49.87 and a twelve month high of $78.25.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.04. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period last year, the company earned $0.67 earnings per share. The company’s revenue was up 11.6% on a year-over-year basis. equities analysts forecast that Tractor Supply Company will post 3.28 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Monday, November 20th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, November 17th. This represents a $1.08 annualized dividend and a dividend yield of 1.58%. Tractor Supply’s payout ratio is presently 32.05%.

A number of equities analysts recently commented on TSCO shares. Oppenheimer restated a “hold” rating on shares of Tractor Supply in a report on Friday. Morgan Stanley upped their target price on Tractor Supply from $53.00 to $57.00 and gave the company an “equal weight” rating in a report on Thursday, November 16th. KeyCorp restated a “hold” rating on shares of Tractor Supply in a report on Friday, November 10th. Robert W. Baird restated a “buy” rating and set a $66.00 target price on shares of Tractor Supply in a report on Friday, November 10th. Finally, BMO Capital Markets restated a “hold” rating and set a $61.00 target price on shares of Tractor Supply in a report on Thursday, November 2nd. Sixteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Tractor Supply currently has a consensus rating of “Hold” and an average target price of $66.26.

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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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Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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