Canada Pension Plan Investment Board increased its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 563.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 150,716 shares of the specialty retailer’s stock after acquiring an additional 128,000 shares during the quarter. Canada Pension Plan Investment Board owned about 0.12% of Tractor Supply worth $9,539,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the stock. Tokio Marine Asset Management Co. Ltd. increased its position in Tractor Supply by 29.9% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,300 shares of the specialty retailer’s stock worth $715,000 after acquiring an additional 2,600 shares during the period. Schwartz Investment Counsel Inc. increased its holdings in Tractor Supply by 5.6% in the 3rd quarter. Schwartz Investment Counsel Inc. now owns 655,000 shares of the specialty retailer’s stock valued at $41,455,000 after buying an additional 35,000 shares during the period. Victory Capital Management Inc. increased its holdings in Tractor Supply by 30.3% in the 3rd quarter. Victory Capital Management Inc. now owns 24,318 shares of the specialty retailer’s stock valued at $1,539,000 after buying an additional 5,658 shares during the period. Crossmark Global Holdings Inc. bought a new position in Tractor Supply in the 3rd quarter valued at about $748,000. Finally, BARING ASSET MANAGEMENT Ltd bought a new position in Tractor Supply in the 3rd quarter valued at about $1,335,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.
Shares of Tractor Supply Company (TSCO) opened at $62.67 on Friday. The company has a current ratio of 2.00, a quick ratio of 0.17 and a debt-to-equity ratio of 0.38. Tractor Supply Company has a 1 year low of $49.87 and a 1 year high of $78.25. The company has a market cap of $7,869.10, a P/E ratio of 18.60, a P/E/G ratio of 1.37 and a beta of 1.29.
Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 EPS for the quarter, topping the consensus estimate of $0.68 by $0.04. Tractor Supply had a net margin of 6.04% and a return on equity of 31.25%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period last year, the company earned $0.67 EPS. The firm’s revenue was up 11.6% compared to the same quarter last year. analysts predict that Tractor Supply Company will post 3.28 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Monday, November 20th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, November 17th. This represents a $1.08 annualized dividend and a yield of 1.72%. Tractor Supply’s dividend payout ratio is presently 32.05%.
Several equities analysts have commented on TSCO shares. Bank of America Corporation reissued a “buy” rating and issued a $69.00 target price on shares of Tractor Supply in a report on Tuesday, September 5th. Barclays PLC reissued an “overweight” rating and issued a $70.00 target price (down from $90.00) on shares of Tractor Supply in a report on Saturday, July 22nd. Credit Suisse Group reissued a “hold” rating and issued a $54.00 target price on shares of Tractor Supply in a report on Wednesday, September 13th. Zacks Investment Research lowered shares of Tractor Supply from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Finally, Guggenheim reissued a “buy” rating and issued a $70.00 target price (down from $80.00) on shares of Tractor Supply in a report on Thursday, July 27th. Fifteen analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Tractor Supply has an average rating of “Hold” and a consensus price target of $68.63.
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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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