Comerica Bank lowered its stake in shares of Tractor Supply (NASDAQ:TSCO) by 2.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,433 shares of the specialty retailer’s stock after selling 1,163 shares during the quarter. Comerica Bank’s holdings in Tractor Supply were worth $3,100,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Global X MANAGEMENT CO LLC increased its stake in shares of Tractor Supply by 191.7% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,785 shares of the specialty retailer’s stock valued at $113,000 after acquiring an additional 1,173 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Tractor Supply during the 4th quarter valued at about $187,000. Advisor Partners LLC acquired a new position in shares of Tractor Supply during the 4th quarter valued at about $207,000. CAPROCK Group Inc. acquired a new position in shares of Tractor Supply during the 4th quarter valued at about $214,000. Finally, Bristlecone Advisors LLC acquired a new position in shares of Tractor Supply during the 3rd quarter valued at about $173,000. 83.10% of the stock is owned by institutional investors.
In other Tractor Supply news, Director Edna Morris sold 1,054 shares of the company’s stock in a transaction that occurred 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 directly owns 10,949 shares of the company’s stock, valued at approximately $734,349.43. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Steve K. Barbarick sold 43,076 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $69.03, for a total value of $2,973,536.28. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.
A number of research firms have recently commented on TSCO. Royal Bank of Canada upped their price objective on shares of Tractor Supply to $74.00 and gave the company a “sector perform” rating in a research note on Monday, January 29th. KeyCorp reaffirmed a “hold” rating on shares of Tractor Supply in a research note on Friday, November 10th. Zacks Investment Research downgraded shares of Tractor Supply from a “buy” rating to a “hold” rating in a research note on Tuesday. Wedbush reiterated a “hold” rating and set a $69.00 target price (down previously from $80.00) on shares of Tractor Supply in a report on Wednesday, February 21st. Finally, Loop Capital decreased their target price on Tractor Supply to $68.00 and set a “hold” rating for the company in a report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $73.67.
Tractor Supply (NASDAQ TSCO) opened at $64.78 on Wednesday. The firm has a market capitalization of $8,060.03, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 1.19 and a beta of 1.27. Tractor Supply has a fifty-two week low of $49.87 and a fifty-two week high of $82.68. 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 (NASDAQ:TSCO) last released its quarterly earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.04. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Tractor Supply had a return on equity of 30.81% and a net margin of 5.82%. Tractor Supply’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 EPS. equities analysts forecast that Tractor Supply will post 4.1 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Monday, February 26th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Friday, February 23rd. Tractor Supply’s dividend payout ratio is presently 32.73%.
Tractor Supply 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.