DnB Asset Management AS boosted its stake in shares of Tractor Supply (NASDAQ:TSCO) by 15.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 624,300 shares of the specialty retailer’s stock after purchasing an additional 84,600 shares during the period. DnB Asset Management AS’s holdings in Tractor Supply were worth $46,666,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of TSCO. Global X MANAGEMENT CO LLC lifted its stake 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 valued at $113,000 after buying an additional 1,173 shares in the last quarter. Commonwealth Bank of Australia lifted its stake 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 valued at $128,000 after buying an additional 317 shares in the last quarter. Bristlecone Advisors LLC purchased a new position in Tractor Supply in the 3rd quarter valued at about $173,000. Globeflex Capital L P purchased a new position in Tractor Supply in the 2nd quarter valued at about $206,000. Finally, Palisade Asset Management LLC purchased a new position in Tractor Supply in the 3rd quarter valued at about $214,000. Hedge funds and other institutional investors own 92.33% of the company’s stock.
In related news, CMO Steve K. Barbarick sold 43,076 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $69.03, for a total value of $2,973,536.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is currently owned by insiders.
Shares of Tractor Supply (NASDAQ:TSCO) opened at $79.49 on Wednesday. The stock has a market cap of $9,980.00, a price-to-earnings ratio of 23.59, a PEG ratio of 1.53 and a beta of 1.31. Tractor Supply has a 1 year low of $49.87 and a 1 year high of $79.72. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 2.00.
Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.04. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Tractor Supply had a net margin of 6.04% and a return on equity of 31.25%. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.67 EPS. research analysts anticipate that Tractor Supply will post 3.28 earnings per share for the current year.
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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