Comerica Bank lessened its position in shares of Tractor Supply (NASDAQ:TSCO) by 3.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 37,205 shares of the specialty retailer’s stock after selling 1,228 shares during the quarter. Comerica Bank’s holdings in Tractor Supply were worth $2,228,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Calton & Associates Inc. purchased a new stake in Tractor Supply during the 4th quarter worth about $109,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Tractor Supply during the 4th quarter worth about $187,000. Kennedy Capital Management Inc. purchased a new stake in Tractor Supply during the 4th quarter worth about $204,000. Advisor Partners LLC purchased a new stake in Tractor Supply during the 4th quarter worth about $207,000. Finally, D.B. Root & Company LLC purchased a new stake in Tractor Supply during the 1st quarter worth about $213,000. 80.51% of the stock is owned by institutional investors and hedge funds.
TSCO opened at $74.34 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.96 and a quick ratio of 0.22. The stock has a market capitalization of $9.12 billion, a price-to-earnings ratio of 22.32, a price-to-earnings-growth ratio of 1.36 and a beta of 1.27. Tractor Supply has a 12 month low of $49.87 and a 12 month high of $82.68.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, April 26th. The specialty retailer reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. Tractor Supply had a return on equity of 31.99% and a net margin of 5.88%. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the previous year, the business earned $0.46 EPS. The firm’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. Stockholders of record on Tuesday, May 29th will be issued a dividend of $0.31 per share. The ex-dividend date is Friday, May 25th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.67%. This is a boost from Tractor Supply’s previous quarterly dividend of $0.27. Tractor Supply’s payout ratio is presently 32.43%.
TSCO has been the subject of a number of recent research reports. TheStreet upgraded Tractor Supply from a “c+” rating to a “b-” rating in a research report on Monday. BidaskClub cut Tractor Supply from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 25th. Sanford C. Bernstein reiterated a “buy” rating on shares of Tractor Supply in a research report on Tuesday, February 27th. Moffett Nathanson upgraded Tractor Supply from a “neutral” rating to a “buy” rating in a research report on Monday, March 5th. Finally, Goldman Sachs Group upgraded Tractor Supply from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $72.00 to $79.00 in a research report on Monday, April 16th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $72.90.
Tractor Supply Company 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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