Trust Investment Advisors Takes Position in Tractor Supply Company (TSCO)

Trust Investment Advisors purchased a new position in shares of Tractor Supply Company (NASDAQ:TSCO) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 22,150 shares of the specialty retailer’s stock, valued at approximately $1,402,000. Tractor Supply makes up 1.6% of Trust Investment Advisors’ portfolio, making the stock its 15th biggest position.

Several other institutional investors and hedge funds have also modified their holdings of TSCO. Ameriprise Financial Inc. grew its stake in shares of Tractor Supply by 7,599.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,230,168 shares of the specialty retailer’s stock worth $229,319,000 after acquiring an additional 4,175,224 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Tractor Supply by 531.0% in the second quarter. Janus Henderson Group PLC now owns 2,136,401 shares of the specialty retailer’s stock valued at $115,813,000 after buying an additional 1,797,802 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of Tractor Supply by 328.2% in the second quarter. Parametric Portfolio Associates LLC now owns 1,072,446 shares of the specialty retailer’s stock valued at $58,137,000 after buying an additional 821,979 shares in the last quarter. Permian Investment Partners LP bought a new position in shares of Tractor Supply in the second quarter valued at $38,901,000. Finally, Fiera Capital Corp grew its stake in shares of Tractor Supply by 14.9% in the second quarter. Fiera Capital Corp now owns 3,700,846 shares of the specialty retailer’s stock valued at $200,623,000 after buying an additional 480,717 shares in the last quarter. 92.95% of the stock is owned by institutional investors.

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Tractor Supply Company (NASDAQ TSCO) traded down $1.34 on Tuesday, hitting $61.33. The stock had a trading volume of 1,439,800 shares, compared to its average volume of 2,218,161. The firm has a market capitalization of $7,869.12, a P/E ratio of 18.60, a P/E/G ratio of 1.37 and a beta of 1.29. Tractor Supply Company has a 12 month low of $49.87 and a 12 month high of $78.25. The company has a quick ratio of 0.17, a current ratio of 2.00 and a debt-to-equity ratio of 0.38.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly 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. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.68 billion. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. Tractor Supply’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.67 earnings per share. sell-side analysts expect 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. Investors of record on Monday, November 20th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Friday, November 17th. Tractor Supply’s dividend payout ratio (DPR) is presently 32.05%.

TSCO has been the subject of several analyst reports. Deutsche Bank AG reissued a “hold” rating and issued a $54.00 target price (down from $69.00) on shares of Tractor Supply in a research note on Thursday, July 27th. Zacks Investment Research cut shares of Tractor Supply from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. BMO Capital Markets raised their target price on shares of Tractor Supply from $58.00 to $61.00 and gave the company a “market perform” rating in a research note on Wednesday, September 27th. Wedbush reissued an “outperform” rating and issued a $72.00 target price (up from $65.00) on shares of Tractor Supply in a research note on Tuesday, October 3rd. Finally, Bank of America Corporation reissued a “buy” rating and issued a $69.00 target price on shares of Tractor Supply in a research note on Tuesday, September 5th. Fifteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $68.63.

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.

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

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