OppenheimerFunds Inc. increased its stake in Tractor Supply (NASDAQ:TSCO) by 5.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,438 shares of the specialty retailer’s stock after purchasing an additional 823 shares during the period. OppenheimerFunds Inc.’s holdings in Tractor Supply were worth $1,229,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Sei Investments Co. grew its holdings in shares of Tractor Supply by 23.4% in the 4th quarter. Sei Investments Co. now owns 83,162 shares of the specialty retailer’s stock valued at $6,216,000 after buying an additional 15,747 shares during the period. IFM Investors Pty Ltd acquired a new position in shares of Tractor Supply in the 3rd quarter valued at $259,000. Nordea Investment Management AB grew its holdings in shares of Tractor Supply by 7.3% in the 3rd quarter. Nordea Investment Management AB now owns 64,781 shares of the specialty retailer’s stock valued at $4,100,000 after buying an additional 4,396 shares during the period. Asset Management One Co. Ltd. grew its holdings in shares of Tractor Supply by 3.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 207,739 shares of the specialty retailer’s stock valued at $13,145,000 after buying an additional 6,218 shares during the period. Finally, Ontario Teachers Pension Plan Board grew its holdings in shares of Tractor Supply by 93.7% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 38,512 shares of the specialty retailer’s stock valued at $2,879,000 after buying an additional 18,625 shares during the period. Hedge funds and other institutional investors own 83.25% of the company’s stock.
In other Tractor Supply news, Director Edna Morris sold 1,054 shares of the 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 transaction, the director now directly owns 10,949 shares of the company’s stock, valued at approximately $734,349.43. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is owned by corporate insiders.
TSCO has been the subject of several research analyst reports. TheStreet raised shares of Tractor Supply from a “c+” rating to a “b” rating in a report on Wednesday, December 20th. Zacks Investment Research raised 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. Wolfe Research raised shares of Tractor Supply from a “market perform” rating to an “outperform” rating in a research note on Wednesday, December 20th. BidaskClub raised shares of Tractor Supply from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 6th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $88.00 target price on shares of Tractor Supply in a research note on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $73.10.
Tractor Supply stock traded down $1.66 during trading hours on Friday, hitting $59.70. The company had a trading volume of 1,665,712 shares, compared to its average volume of 1,705,023. The stock has a market cap of $7,601.08, a P/E ratio of 17.93, a P/E/G ratio of 1.15 and a beta of 1.28. The company has a quick ratio of 0.24, a current ratio of 1.95 and a debt-to-equity ratio of 0.31. Tractor Supply has a one year low of $49.87 and a one year high of $82.68.
Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.04. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Tractor Supply had a net margin of 5.82% and a return on equity of 30.81%. The business’s revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.94 EPS. equities analysts anticipate that Tractor Supply will post 4.04 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 13th. Shareholders of record on Monday, February 26th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.08 annualized dividend and a yield of 1.81%. Tractor Supply’s dividend payout ratio is currently 32.43%.
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Tractor Supply Profile
Tractor Supply Co engages in the retail sale of farm and ranch products. It operates retail farm and ranch stores and focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. The company operates its retail stores under the names: Tractor Supply Company, Del’s Feed & Farm Supply, and Petsense.
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