BB&T Securities LLC lessened its stake in Tractor Supply (NASDAQ:TSCO) by 4.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 87,900 shares of the specialty retailer’s stock after selling 3,672 shares during the quarter. BB&T Securities LLC’s holdings in Tractor Supply were worth $6,570,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of TSCO. Calton & Associates Inc. bought a new stake in shares of Tractor Supply in the fourth quarter worth $109,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Tractor Supply during the fourth quarter valued at $187,000. Kennedy Capital Management Inc. bought a new stake in Tractor Supply during the fourth quarter valued at $204,000. Advisor Partners LLC bought a new stake in Tractor Supply during the fourth quarter valued at $207,000. Finally, Kelman Lazarov Inc. bought a new stake in Tractor Supply during the fourth quarter valued at $209,000. Institutional investors and hedge funds own 83.25% of the company’s stock.
TSCO has been the subject of several recent research reports. TheStreet upgraded shares of Tractor Supply from a “c+” rating to a “b” rating in a research note on Wednesday, December 20th. Guggenheim reiterated a “buy” rating and set a $88.00 target price on shares of Tractor Supply in a research note on Tuesday, January 16th. Northcoast Research reiterated a “buy” rating on shares of Tractor Supply in a research note on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Tractor Supply from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research note on Tuesday, December 26th. Finally, BidaskClub upgraded 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 assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $73.10.
In related news, Director Edna Morris sold 1,054 shares of the company’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 sale, the director now owns 10,949 shares of the company’s stock, valued at $734,349.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.
Tractor Supply stock opened at $61.87 on Thursday. The company has a market cap of $7,907.39, a PE ratio of 18.75, a PEG ratio of 1.16 and a beta of 1.27. The company has a current ratio of 1.95, a quick ratio of 0.24 and a debt-to-equity ratio of 0.31. Tractor Supply has a 12-month low of $49.87 and a 12-month high of $82.68.
Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.93 billion. Tractor Supply had a net margin of 5.82% and a return on equity of 30.81%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.94 earnings per share. research analysts expect that Tractor Supply will post 4.1 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Monday, February 26th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.75%. The ex-dividend date was Friday, February 23rd. Tractor Supply’s 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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