Boston Research & Management Inc. cut its stake in Tractor Supply (NASDAQ:TSCO) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,950 shares of the specialty retailer’s stock after selling 1,240 shares during the quarter. Boston Research & Management Inc.’s holdings in Tractor Supply were worth $3,210,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the company. UBS Asset Management Americas Inc. increased its holdings in shares of Tractor Supply by 38.8% in the 4th quarter. UBS Asset Management Americas Inc. now owns 627,240 shares of the specialty retailer’s stock valued at $46,886,000 after acquiring an additional 175,447 shares during the period. BlackRock Inc. grew its stake in Tractor Supply by 0.9% during the 4th quarter. BlackRock Inc. now owns 8,125,064 shares of the specialty retailer’s stock worth $607,347,000 after buying an additional 68,965 shares during the last quarter. Twin Tree Management LP grew its stake in Tractor Supply by 8.4% during the 4th quarter. Twin Tree Management LP now owns 19,117 shares of the specialty retailer’s stock worth $1,429,000 after buying an additional 1,474 shares during the last quarter. Shell Asset Management Co. grew its stake in Tractor Supply by 114.3% during the 4th quarter. Shell Asset Management Co. now owns 41,712 shares of the specialty retailer’s stock worth $3,118,000 after buying an additional 22,251 shares during the last quarter. Finally, 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 worth $3,533,000 after buying an additional 860 shares during the last quarter. Institutional investors and hedge funds own 92.58% of the company’s stock.
Several research analysts recently weighed in on the company. Stephens set a $79.00 target price on Tractor Supply and gave the stock a “hold” rating in a research note on Wednesday, January 17th. Royal Bank of Canada boosted their target price on Tractor Supply to $74.00 and gave the stock a “sector perform” rating in a research note on Monday, January 29th. Oppenheimer restated a “hold” rating on shares of Tractor Supply in a research note on Thursday, February 1st. Telsey Advisory Group restated a “market perform” rating and set a $76.00 target price (down from $83.00) on shares of Tractor Supply in a research note on Thursday, February 1st. Finally, Robert W. Baird restated a “buy” rating and set a $66.00 target price on shares of Tractor Supply in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $72.85.
Shares of Tractor Supply (NASDAQ TSCO) opened at $67.32 on Friday. Tractor Supply has a 52-week low of $49.87 and a 52-week high of $82.68. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.24 and a current ratio of 1.95. The company has a market capitalization of $8,230.00, a PE ratio of 20.34, a price-to-earnings-growth ratio of 1.27 and a beta of 1.17.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.04. Tractor Supply had a return on equity of 30.81% and a net margin of 5.82%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the previous year, the firm posted $0.94 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. equities analysts forecast that Tractor Supply will post 4.1 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Monday, February 26th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, February 23rd. This represents a $1.08 dividend on an annualized basis and a yield of 1.60%. Tractor Supply’s dividend payout ratio is currently 32.63%.
In other news, CMO Steve K. Barbarick sold 43,076 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $69.03, for a total value of $2,973,536.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Edna Morris sold 1,054 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $67.07, for a total value of $70,691.78. Following the completion of the transaction, the director now directly owns 10,949 shares of the company’s stock, valued at approximately $734,349.43. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.
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About Tractor Supply
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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