Todd Asset Management LLC purchased a new stake in Tractor Supply Company (NASDAQ:TSCO) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 268,764 shares of the specialty retailer’s stock, valued at approximately $17,010,000. Todd Asset Management LLC owned about 0.21% of Tractor Supply as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Comerica Securities Inc. raised its stake in Tractor Supply by 67.4% in the second quarter. Comerica Securities Inc. now owns 5,596 shares of the specialty retailer’s stock valued at $303,000 after buying an additional 2,254 shares during the last quarter. Clean Yield Group raised its stake in Tractor Supply by 285.5% in the second quarter. Clean Yield Group now owns 37,587 shares of the specialty retailer’s stock valued at $1,937,000 after buying an additional 27,838 shares during the last quarter. Andra AP fonden increased its holdings in shares of Tractor Supply by 88.8% in the second quarter. Andra AP fonden now owns 18,500 shares of the specialty retailer’s stock valued at $1,003,000 after purchasing an additional 8,700 shares during the period. Tandem Investment Advisors Inc. increased its holdings in shares of Tractor Supply by 8.8% in the second quarter. Tandem Investment Advisors Inc. now owns 90,437 shares of the specialty retailer’s stock valued at $4,903,000 after purchasing an additional 7,347 shares during the period. Finally, Achmea Investment Management B.V. increased its holdings in shares of Tractor Supply by 58.3% in the second quarter. Achmea Investment Management B.V. now owns 12,891 shares of the specialty retailer’s stock valued at $697,000 after purchasing an additional 4,748 shares during the period. Institutional investors own 92.95% of the company’s stock.
Shares of Tractor Supply Company (NASDAQ TSCO) traded down $1.34 during mid-day trading on Tuesday, reaching $61.33. The company’s stock had a trading volume of 1,439,800 shares, compared to its average volume of 2,218,161. The stock has a market capitalization of $7,869.12, a P/E ratio of 18.60, a P/E/G ratio of 1.37 and a beta of 1.29. The company has a quick ratio of 0.17, a current ratio of 2.00 and a debt-to-equity ratio of 0.38. Tractor Supply Company has a 52 week low of $49.87 and a 52 week high of $78.25.
Tractor Supply (NASDAQ:TSCO) last released its earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.04. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.68 billion. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 earnings per share. equities research analysts anticipate that Tractor Supply Company will post 3.28 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Monday, November 20th will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.08 annualized dividend and a dividend yield of 1.76%. Tractor Supply’s dividend payout ratio (DPR) is presently 32.05%.
A number of brokerages have recently weighed in on TSCO. Piper Jaffray Companies reissued a “hold” rating and issued a $56.00 price objective on shares of Tractor Supply in a report on Friday, October 27th. KeyCorp reissued a “hold” rating on shares of Tractor Supply in a report on Friday. Robert W. Baird set a $66.00 price objective on Tractor Supply and gave the company a “buy” rating in a report on Thursday, October 26th. Barclays PLC reissued an “overweight” rating and issued a $70.00 price objective (down from $90.00) on shares of Tractor Supply in a report on Saturday, July 22nd. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Tractor Supply in a report on Thursday, July 27th. Fifteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $68.63.
About Tractor Supply
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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