Deutsche Bank AG lessened its stake in Tractor Supply (NASDAQ:TSCO) by 62.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 503,039 shares of the specialty retailer’s stock after selling 842,917 shares during the quarter. Deutsche Bank AG owned approximately 0.40% of Tractor Supply worth $37,599,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Tractor Supply by 0.9% in the 4th quarter. BlackRock Inc. now owns 8,125,064 shares of the specialty retailer’s stock valued at $607,347,000 after buying an additional 68,965 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Tractor Supply by 138.6% in the 3rd quarter. Janus Henderson Group PLC now owns 5,096,520 shares of the specialty retailer’s stock valued at $322,558,000 after buying an additional 2,960,119 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Tractor Supply in the 4th quarter valued at approximately $139,359,000. Wells Fargo & Company MN boosted its holdings in shares of Tractor Supply by 10.8% in the 3rd quarter. Wells Fargo & Company MN now owns 1,715,032 shares of the specialty retailer’s stock valued at $108,545,000 after buying an additional 167,097 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Tractor Supply by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 1,529,953 shares of the specialty retailer’s stock valued at $114,154,000 after buying an additional 25,316 shares during the last quarter. 83.25% of the stock is owned by institutional investors.
Several equities research analysts have issued reports on the company. BidaskClub downgraded Tractor Supply from a “hold” rating to a “sell” rating in a report on Saturday, March 10th. Royal Bank of Canada raised their price target on Tractor Supply to $74.00 and gave the company a “sector perform” rating in a report on Monday, January 29th. Zacks Investment Research downgraded Tractor Supply from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Wedbush reaffirmed a “hold” rating and set a $69.00 price target (down previously from $80.00) on shares of Tractor Supply in a report on Wednesday, February 21st. Finally, Loop Capital cut their price target on Tractor Supply to $68.00 and set a “hold” rating for the company in a report on Wednesday, February 21st. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $73.10.
TSCO stock traded down $1.66 during trading hours on Friday, hitting $59.70. 1,665,712 shares of the stock were exchanged, compared to its average volume of 1,705,023. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.95 and a quick ratio of 0.24. Tractor Supply has a 12 month low of $49.87 and a 12 month high of $82.68. The stock has a market capitalization of $7,395.46, a price-to-earnings ratio of 17.93, a PEG ratio of 1.12 and a beta of 1.28.
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 for the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter last year, the business earned $0.94 earnings per share. Tractor Supply’s revenue was up 1.9% on a year-over-year basis. research analysts expect that Tractor Supply will post 4.04 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Monday, February 26th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend was Friday, February 23rd. Tractor Supply’s payout ratio is currently 32.43%.
In related news, Director Edna Morris sold 1,054 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $67.07, for a total value of $70,691.78. Following the transaction, the director now owns 10,949 shares in the company, valued at $734,349.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is currently owned by company insiders.
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Tractor Supply Company 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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