Clifford Swan Investment Counsel LLC lifted its position in Tractor Supply (NASDAQ:TSCO) by 15.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 275,427 shares of the specialty retailer’s stock after buying an additional 37,279 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in Tractor Supply were worth $17,357,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings 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 purchasing an additional 68,965 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Tractor Supply by 19.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,375,561 shares of the specialty retailer’s stock worth $212,727,000 after purchasing an additional 552,372 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in Tractor Supply during the 4th quarter worth about $139,359,000. Two Sigma Advisers LP increased its holdings in Tractor Supply by 1.6% during the 4th quarter. Two Sigma Advisers LP now owns 1,648,477 shares of the specialty retailer’s stock worth $123,224,000 after purchasing an additional 25,613 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Tractor Supply by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 1,529,953 shares of the specialty retailer’s stock worth $114,154,000 after purchasing an additional 25,316 shares in the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.
A number of equities analysts have issued reports on TSCO shares. Piper Jaffray upgraded Tractor Supply from a “neutral” rating to an “overweight” rating and set a $71.00 target price for the company in a report on Friday, April 20th. Royal Bank of Canada lowered their target price on Tractor Supply to $64.00 and set a “market perform” rating for the company in a report on Tuesday, April 24th. Sanford C. Bernstein reiterated a “buy” rating on shares of Tractor Supply in a report on Tuesday, February 27th. Goldman Sachs upgraded Tractor Supply from a “neutral” rating to a “buy” rating and increased their target price for the stock from $72.00 to $79.00 in a report on Monday, April 16th. Finally, Wells Fargo started coverage on Tractor Supply in a report on Monday, April 23rd. They set an “outperform” rating and a $70.00 target price for the company. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $72.20.
Shares of NASDAQ TSCO opened at $71.01 on Thursday. Tractor Supply has a fifty-two week low of $70.83 and a fifty-two week high of $71.95. The stock has a market capitalization of $8.82 billion, a PE ratio of 21.32, a P/E/G ratio of 1.32 and a beta of 1.27. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.96 and a quick ratio of 0.22.
Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, April 26th. The specialty retailer reported $0.57 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.57. Tractor Supply had a net margin of 5.88% and a return on equity of 31.99%. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period last year, the business posted $0.46 EPS. Tractor Supply’s revenue was up 7.6% on a year-over-year basis. sell-side analysts forecast that Tractor Supply will post 4.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 12th. Investors of record on Tuesday, May 29th will be paid a $0.31 dividend. This is an increase from Tractor Supply’s previous quarterly dividend of $0.27. This represents a $1.24 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Friday, May 25th. Tractor Supply’s dividend payout ratio (DPR) is 32.43%.
Tractor Supply Profile
Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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