WCM Investment Management CA Has $78.97 Million Stake in Tractor Supply (TSCO)

WCM Investment Management CA lifted its stake in Tractor Supply (NASDAQ:TSCO) by 12.0% in the 4th quarter, HoldingsChannel reports. The firm owned 1,056,399 shares of the specialty retailer’s stock after acquiring an additional 112,929 shares during the period. Tractor Supply makes up 0.9% of WCM Investment Management CA’s portfolio, making the stock its 17th largest holding. WCM Investment Management CA’s holdings in Tractor Supply were worth $78,966,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its stake in shares of Tractor Supply by 1.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,413,006 shares of the specialty retailer’s stock worth $405,879,000 after purchasing an additional 114,539 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Tractor Supply by 138.6% in the 3rd quarter. Janus Henderson Group PLC now owns 5,096,520 shares of the specialty retailer’s stock worth $322,558,000 after purchasing an additional 2,960,119 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Tractor Supply by 10.8% in the 3rd quarter. Wells Fargo & Company MN now owns 1,715,032 shares of the specialty retailer’s stock worth $108,545,000 after purchasing an additional 167,097 shares in the last quarter. Turtle Creek Asset Management Inc. increased its stake in shares of Tractor Supply by 33.3% in the 3rd quarter. Turtle Creek Asset Management Inc. now owns 1,237,936 shares of the specialty retailer’s stock worth $78,349,000 after purchasing an additional 309,036 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Tractor Supply by 5.9% in the 3rd quarter. Legal & General Group Plc now owns 682,968 shares of the specialty retailer’s stock worth $43,224,000 after purchasing an additional 37,929 shares in the last quarter. Hedge funds and other institutional investors own 92.99% of the company’s stock.

Tractor Supply (NASDAQ TSCO) opened at $67.37 on Thursday. Tractor Supply has a 1-year low of $49.87 and a 1-year high of $82.68. The company has a market cap of $8,447.97, a PE ratio of 20.42, a price-to-earnings-growth ratio of 1.24 and a beta of 1.17. The company has a current ratio of 1.95, a quick ratio of 0.24 and a debt-to-equity ratio of 0.31.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Wednesday, January 31st. The specialty retailer reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. Tractor Supply had a net margin of 5.82% and a return on equity of 30.81%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the firm earned $0.94 EPS. The business’s revenue was up 1.9% on a year-over-year basis. equities research analysts forecast that Tractor Supply will post 4.1 earnings per share for the current fiscal year.

In related news, CMO Steve K. Barbarick sold 43,076 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $69.03, for a total value of $2,973,536.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Edna Morris sold 1,054 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $67.07, for a total transaction of $70,691.78. Following the completion of the sale, the director now directly owns 10,949 shares in the company, valued at $734,349.43. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

TSCO has been the subject of several analyst reports. Zacks Investment Research lowered Tractor Supply from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Loop Capital set a $55.00 price objective on Tractor Supply and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Oppenheimer restated a “hold” rating on shares of Tractor Supply in a research note on Thursday, October 26th. Robert W. Baird set a $66.00 target price on shares of Tractor Supply and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Deutsche Bank dropped their target price on shares of Tractor Supply from $54.00 to $51.00 and set a “hold” rating for the company in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Tractor Supply has an average rating of “Hold” and a consensus price target of $72.85.

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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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