Raymond James & Associates lessened its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 9.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 271,271 shares of the specialty retailer’s stock after selling 28,825 shares during the period. Raymond James & Associates owned 0.22% of Tractor Supply worth $20,278,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. OppenheimerFunds Inc. grew its stake in Tractor Supply by 5.3% during the 4th quarter. OppenheimerFunds Inc. now owns 16,438 shares of the specialty retailer’s stock valued at $1,229,000 after acquiring an additional 823 shares in the last quarter. Mariner Wealth Advisors LLC grew its stake in Tractor Supply by 3.6% during the 4th quarter. Mariner Wealth Advisors LLC now owns 24,787 shares of the specialty retailer’s stock valued at $1,853,000 after acquiring an additional 856 shares in the last quarter. Arizona State Retirement System grew its stake in Tractor Supply by 1.9% during the 4th quarter. Arizona State Retirement System now owns 47,260 shares of the specialty retailer’s stock valued at $3,533,000 after acquiring an additional 860 shares in the last quarter. Alps Advisors Inc. grew its stake in Tractor Supply by 14.3% during the 3rd quarter. Alps Advisors Inc. now owns 7,626 shares of the specialty retailer’s stock valued at $483,000 after acquiring an additional 953 shares in the last quarter. Finally, Baird Financial Group Inc. grew its stake in Tractor Supply by 5.7% during the 4th quarter. Baird Financial Group Inc. now owns 19,288 shares of the specialty retailer’s stock valued at $1,442,000 after acquiring an additional 1,043 shares in the last quarter. 83.25% of the stock is owned by institutional investors.
TSCO has been the subject of several research reports. TheStreet raised shares of Tractor Supply from a “c+” rating to a “b” rating in a research note on Wednesday, December 20th. Guggenheim reissued a “buy” rating and issued a $88.00 price target on shares of Tractor Supply in a research note on Tuesday, January 16th. Northcoast Research reissued a “buy” rating on shares of Tractor Supply in a research note on Wednesday, January 3rd. Zacks Investment Research raised shares of Tractor Supply from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Tuesday, December 26th. Finally, BidaskClub raised shares of Tractor Supply from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $73.10.
Tractor Supply stock opened at $64.38 on Monday. The company has a quick ratio of 0.24, a current ratio of 1.95 and a debt-to-equity ratio of 0.31. Tractor Supply has a fifty-two week low of $49.87 and a fifty-two week high of $82.68. The company has a market cap of $8,055.02, a P/E ratio of 19.27, a PEG ratio of 1.19 and a beta of 1.27.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Wednesday, January 31st. The specialty retailer reported $0.91 EPS for the quarter, topping 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 firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period in the prior year, the business posted $0.94 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. research analysts anticipate that Tractor Supply will post 4.1 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Stockholders of record on Monday, February 26th were issued a $0.27 dividend. The ex-dividend date was Friday, February 23rd. This represents a $1.08 annualized dividend and a dividend yield of 1.68%. Tractor Supply’s dividend payout ratio is currently 32.73%.
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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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