Tredje AP fonden cut its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 19.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,720 shares of the specialty retailer’s stock after selling 1,860 shares during the quarter. Tredje AP fonden’s holdings in Tractor Supply were worth $489,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Global X MANAGEMENT CO LLC grew its holdings in shares of Tractor Supply by 191.7% during the third quarter. Global X MANAGEMENT CO LLC now owns 1,785 shares of the specialty retailer’s stock valued at $113,000 after purchasing an additional 1,173 shares during the last quarter. 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 valued at $128,000 after purchasing an additional 317 shares during the last quarter. Penserra Capital Management LLC bought a new position in shares of Tractor Supply during the second quarter valued at approximately $139,000. Bristlecone Advisors LLC bought a new position in shares of Tractor Supply during the third quarter valued at approximately $173,000. Finally, Bronfman E.L. Rothschild L.P. grew its holdings in shares of 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. 92.59% of the stock is owned by institutional investors.
Tractor Supply Company (TSCO) opened at $67.66 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 2.00. The stock has a market capitalization of $8,347.52, a price-to-earnings ratio of 19.73, a price-to-earnings-growth ratio of 1.45 and a beta of 1.32. Tractor Supply Company has a one year low of $49.87 and a one year high of $78.25.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.68 billion. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period last year, the company posted $0.67 EPS. equities research analysts predict that Tractor Supply Company will post 3.28 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Monday, November 20th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date was Friday, November 17th. Tractor Supply’s payout ratio is currently 32.05%.
A number of equities analysts recently issued reports on TSCO shares. Robert W. Baird reissued a “buy” rating and issued a $66.00 price objective on shares of Tractor Supply in a report on Wednesday, October 4th. Bank of America reissued a “buy” rating and issued a $69.00 price objective on shares of Tractor Supply in a report on Tuesday, September 5th. Morgan Stanley increased their price objective on Tractor Supply from $53.00 to $57.00 and gave the stock an “equal weight” rating in a report on Thursday, November 16th. Oppenheimer reissued a “hold” rating on shares of Tractor Supply in a report on Thursday, October 26th. Finally, Loop Capital set a $55.00 price objective on Tractor Supply and gave the stock a “hold” rating in a report on Wednesday, October 25th. Seventeen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Tractor Supply presently has a consensus rating of “Hold” and an average target price of $66.26.
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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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