Prudential Financial Inc. reduced its holdings in Tractor Supply Company (NASDAQ:TSCO) by 2.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 175,391 shares of the specialty retailer’s stock after selling 4,090 shares during the quarter. Prudential Financial Inc. owned 0.14% of Tractor Supply worth $11,101,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Commonwealth Bank of Australia grew its holdings in shares of Tractor Supply by 15.4% during the second quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock worth $128,000 after buying an additional 317 shares in the last quarter. Penserra Capital Management LLC bought a new position in shares of Tractor Supply during the second quarter worth about $139,000. Bristlecone Advisors LLC bought a new position in shares of Tractor Supply during the third quarter worth about $173,000. Bronfman E.L. Rothschild L.P. boosted its position in Tractor Supply by 33.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,325 shares of the specialty retailer’s stock valued at $180,000 after purchasing an additional 828 shares during the last quarter. Finally, Globeflex Capital L P acquired a new position in Tractor Supply during the second quarter valued at approximately $206,000. Institutional investors own 92.59% of the company’s stock.
TSCO has been the subject of a number of recent analyst reports. Robert W. Baird set a $62.00 price objective on Tractor Supply and gave the company a “buy” rating in a research report on Friday, August 25th. Bank of America reaffirmed a “buy” rating and issued a $69.00 price objective on shares of Tractor Supply in a research report on Tuesday, September 5th. Credit Suisse Group reissued a “hold” rating and set a $54.00 price target on shares of Tractor Supply in a report on Wednesday, September 13th. Zacks Investment Research raised Tractor Supply from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, BMO Capital Markets lifted their price target on Tractor Supply from $58.00 to $61.00 and gave the stock a “market perform” rating in a report on Wednesday, September 27th. Seventeen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $66.26.
Shares of Tractor Supply Company (NASDAQ TSCO) traded down $0.53 during trading on Thursday, reaching $66.48. The company had a trading volume of 1,906,861 shares, compared to its average volume of 2,218,675. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.00 and a quick ratio of 0.17. The company has a market cap of $8,632.55, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32. Tractor Supply Company has a twelve month low of $49.87 and a twelve month high of $78.25.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Wednesday, October 25th. The specialty retailer reported $0.72 EPS for the quarter, beating 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 business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the business earned $0.67 earnings per share. Tractor Supply’s revenue for the quarter was up 11.6% on a year-over-year basis. sell-side analysts predict that Tractor Supply Company will post 3.28 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Monday, November 20th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, November 17th. This represents a $1.08 annualized dividend and a dividend yield of 1.62%. Tractor Supply’s dividend payout ratio is currently 32.05%.
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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.
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