Atlantic Trust Group LLC lifted its position in Tractor Supply (NASDAQ:TSCO) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,871 shares of the specialty retailer’s stock after purchasing an additional 1,530 shares during the period. Atlantic Trust Group LLC owned about 0.11% of Tractor Supply worth $8,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Global X MANAGEMENT CO LLC increased its holdings in Tractor Supply by 191.7% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,785 shares of the specialty retailer’s stock worth $113,000 after acquiring an additional 1,173 shares in the last quarter. Commonwealth Bank of Australia increased its holdings in Tractor Supply by 15.4% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock worth $128,000 after acquiring an additional 317 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in Tractor Supply in the 2nd quarter worth $139,000. Bristlecone Advisors LLC purchased a new stake in Tractor Supply in the 3rd quarter worth $173,000. Finally, Bronfman E.L. Rothschild L.P. grew its holdings in shares of Tractor Supply by 33.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,325 shares of the specialty retailer’s stock worth $180,000 after buying an additional 828 shares in the last quarter. Hedge funds and other institutional investors own 92.33% of the company’s stock.
TSCO has been the subject of a number of research reports. Oppenheimer reaffirmed a “hold” rating on shares of Tractor Supply in a report on Thursday, October 26th. Credit Suisse Group set a $52.00 target price on shares of Tractor Supply and gave the stock a “hold” rating in a report on Thursday, October 26th. Wolfe Research raised shares of Tractor Supply from a “market perform” rating to an “outperform” rating in a report on Wednesday, December 20th. BMO Capital Markets reaffirmed a “hold” rating and set a $61.00 target price on shares of Tractor Supply in a report on Thursday, November 2nd. Finally, Zacks Investment Research raised shares of Tractor Supply from a “strong sell” rating to a “hold” rating in a report on Friday, October 27th. Sixteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Tractor Supply has an average rating of “Hold” and an average price target of $66.26.
Tractor Supply (NASDAQ TSCO) opened at $74.48 on Tuesday. The company has a current ratio of 2.00, a quick ratio of 0.17 and a debt-to-equity ratio of 0.38. The firm has a market cap of $9,360.00, a PE ratio of 22.10, a PEG ratio of 1.62 and a beta of 1.32. Tractor Supply has a 1 year low of $49.87 and a 1 year high of $78.25.
Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.04. Tractor Supply had a net margin of 6.04% and a return on equity of 31.25%. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. Tractor Supply’s revenue for the quarter was up 11.6% compared to the same quarter last year. analysts expect that Tractor Supply will post 3.28 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Monday, November 20th were given a $0.27 dividend. The ex-dividend date was Friday, November 17th. This represents a $1.08 dividend on an annualized basis and a yield of 1.45%. Tractor Supply’s payout ratio is currently 32.05%.
Tractor Supply Company 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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