Keybank National Association OH decreased its holdings in Tractor Supply Company (NASDAQ:TSCO) by 8.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,250 shares of the specialty retailer’s stock after selling 1,679 shares during the quarter. Keybank National Association OH’s holdings in Tractor Supply were worth $1,218,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Tractor Supply by 1.4% in the second quarter. Vanguard Group Inc. now owns 12,519,767 shares of the specialty retailer’s stock worth $678,696,000 after buying an additional 170,986 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Tractor Supply by 1.7% in the second quarter. BlackRock Inc. now owns 7,968,825 shares of the specialty retailer’s stock worth $431,989,000 after buying an additional 133,235 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Tractor Supply by 7,599.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,230,168 shares of the specialty retailer’s stock worth $229,319,000 after acquiring an additional 4,175,224 shares during the period. Fiera Capital Corp raised its stake in Tractor Supply by 14.9% during the 2nd quarter. Fiera Capital Corp now owns 3,700,846 shares of the specialty retailer’s stock worth $200,623,000 after acquiring an additional 480,717 shares during the period. Finally, Janus Henderson Group PLC raised its stake in Tractor Supply by 531.0% during the 2nd quarter. Janus Henderson Group PLC now owns 2,136,401 shares of the specialty retailer’s stock worth $115,813,000 after acquiring an additional 1,797,802 shares during the period. 92.95% of the stock is currently owned by institutional investors.
Shares of Tractor Supply Company (TSCO) opened at $61.33 on Tuesday. Tractor Supply Company has a 1 year low of $49.87 and a 1 year high of $78.25. The firm has a market cap of $7,869.12, a price-to-earnings ratio of 18.60, a P/E/G ratio of 1.37 and a beta of 1.29. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.00 and a quick ratio of 0.17.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Wednesday, October 25th. The specialty retailer reported $0.72 EPS for the quarter, topping the consensus estimate of $0.68 by $0.04. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.68 billion. Tractor Supply had a net margin of 6.04% and a return on equity of 31.25%. Tractor Supply’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.67 earnings per share. analysts forecast that Tractor Supply Company will post 3.28 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Monday, November 20th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.76%. The ex-dividend date is Friday, November 17th. Tractor Supply’s payout ratio is 32.05%.
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A number of equities research analysts have commented on TSCO shares. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Tractor Supply in a research note on Thursday, October 26th. Piper Jaffray Companies set a $55.00 target price on shares of Tractor Supply and gave the stock a “hold” rating in a research note on Tuesday, July 25th. BidaskClub upgraded shares of Tractor Supply from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Credit Suisse Group set a $52.00 target price on shares of Tractor Supply and gave the stock a “hold” rating in a research note on Thursday, October 26th. Finally, Robert W. Baird set a $62.00 target price on shares of Tractor Supply and gave the stock a “buy” rating in a research note on Friday, August 25th. Fifteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $68.63.
Tractor Supply Company Profile
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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