Stephens Inc. AR increased its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 4.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,892 shares of the specialty retailer’s stock after buying an additional 2,360 shares during the quarter. Stephens Inc. AR’s holdings in Tractor Supply were worth $3,601,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Comerica Securities Inc. grew its stake in Tractor Supply by 67.4% during the 2nd quarter. Comerica Securities Inc. now owns 5,596 shares of the specialty retailer’s stock worth $303,000 after buying an additional 2,254 shares during the last quarter. Andra AP fonden boosted its position in Tractor Supply by 88.8% during the 2nd quarter. Andra AP fonden now owns 18,500 shares of the specialty retailer’s stock worth $1,003,000 after acquiring an additional 8,700 shares during the period. Tandem Investment Advisors Inc. boosted its position in Tractor Supply by 8.8% during the 2nd quarter. Tandem Investment Advisors Inc. now owns 90,437 shares of the specialty retailer’s stock worth $4,903,000 after acquiring an additional 7,347 shares during the period. Achmea Investment Management B.V. boosted its position in Tractor Supply by 58.3% during the 2nd quarter. Achmea Investment Management B.V. now owns 12,891 shares of the specialty retailer’s stock worth $697,000 after acquiring an additional 4,748 shares during the period. Finally, Tradition Capital Management LLC boosted its position in Tractor Supply by 9.5% during the 2nd quarter. Tradition Capital Management LLC now owns 23,620 shares of the specialty retailer’s stock worth $1,280,000 after acquiring an additional 2,055 shares during the period. Hedge funds and other institutional investors own 95.57% of the company’s stock.
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Shares of Tractor Supply Company (NASDAQ TSCO) traded down $1.18 during mid-day trading on Tuesday, reaching $64.55. The company’s stock had a trading volume of 635,331 shares, compared to its average volume of 2,350,000. 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 Company has a 12 month low of $49.87 and a 12 month high of $78.25. The firm has a market cap of $8,110.00, a price-to-earnings ratio of 19.14, a P/E/G ratio of 1.40 and a beta of 1.28.
Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share for the quarter, topping 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 company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the firm posted $0.67 EPS. The business’s revenue was up 11.6% compared to the same quarter last year. sell-side analysts forecast that Tractor Supply Company will post 3.28 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Monday, November 20th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Friday, November 17th. Tractor Supply’s payout ratio is currently 32.05%.
A number of research analysts have issued reports on TSCO shares. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Tractor Supply in a research report on Thursday, October 26th. Piper Jaffray Companies set a $55.00 price target on Tractor Supply and gave the stock a “hold” rating in a research report on Tuesday, July 25th. Credit Suisse Group set a $52.00 price target on Tractor Supply and gave the stock a “hold” rating in a research report on Thursday, October 26th. Robert W. Baird set a $62.00 price target on Tractor Supply and gave the stock a “buy” rating in a research report on Friday, August 25th. Finally, BMO Capital Markets boosted their price target on Tractor Supply from $57.00 to $58.00 and gave the stock a “market perform” rating in a research report on Friday, July 28th. Sixteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $68.05.
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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