Comgest Global Investors S.A.S. Bought 3,000 Shares of Tractor Supply Company (TSCO)

Comgest Global Investors S.A.S. Bought 3,000 Shares of Tractor Supply Company (TSCO)

Comgest Global Investors S.A.S. raised its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 4.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 64,200 shares of the specialty retailer’s stock after buying an additional 3,000 shares during the period. Comgest Global Investors S.A.S.’s holdings in Tractor Supply Company were worth $4,428,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TSCO. William Blair Investment Management LLC boosted its stake in shares of Tractor Supply Company by 74.9% in the fourth quarter. William Blair Investment Management LLC now owns 3,772,193 shares of the specialty retailer’s stock worth $285,970,000 after buying an additional 1,615,765 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Tractor Supply Company during the fourth quarter worth about $47,527,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Tractor Supply Company by 3.5% in the third quarter. Price T Rowe Associates Inc. MD now owns 17,586,228 shares of the specialty retailer’s stock worth $1,184,432,000 after buying an additional 592,472 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Tractor Supply Company during the fourth quarter worth about $40,405,000. Finally, Norges Bank acquired a new stake in shares of Tractor Supply Company during the fourth quarter worth about $40,038,000. 86.37% of the stock is owned by institutional investors.

Tractor Supply Company (TSCO) traded up 1.27% on Thursday, hitting $55.85. The stock had a trading volume of 448,731 shares. The company has a 50-day moving average price of $60.56 and a 200-day moving average price of $70.22. Tractor Supply Company has a 1-year low of $52.85 and a 1-year high of $96.87. The stock has a market capitalization of $7.18 billion, a price-to-earnings ratio of 17.24 and a beta of 1.24.

Tractor Supply Company (NASDAQ:TSCO) last released its earnings results on Wednesday, April 26th. The specialty retailer reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. Tractor Supply Company had a return on equity of 30.29% and a net margin of 6.45%. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter last year, the business posted $0.50 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. Equities analysts predict that Tractor Supply Company will post $3.41 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 6th. Investors of record on Monday, May 22nd will be given a dividend of $0.27 per share. The ex-dividend date is Thursday, May 18th. This represents a $1.08 annualized dividend and a dividend yield of 1.96%. This is a boost from Tractor Supply Company’s previous quarterly dividend of $0.24. Tractor Supply Company’s dividend payout ratio (DPR) is currently 29.36%.

A number of equities research analysts have recently issued reports on TSCO shares. TheStreet cut shares of Tractor Supply Company from a “b” rating to a “c+” rating in a research report on Wednesday, April 12th. Wedbush reduced their target price on shares of Tractor Supply Company from $83.00 to $80.00 and set an “outperform” rating for the company in a research report on Friday, April 28th. Zacks Investment Research raised shares of Tractor Supply Company from a “sell” rating to a “hold” rating in a research report on Thursday, April 27th. Barclays PLC set a $90.00 target price on shares of Tractor Supply Company and gave the company a “buy” rating in a research report on Wednesday, April 12th. Finally, CIBC cut shares of Tractor Supply Company from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 4th. Eighteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Tractor Supply Company currently has a consensus rating of “Hold” and a consensus target price of $82.74.

In related news, CMO Steve K. Barbarick sold 15,014 shares of the stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $72.59, for a total transaction of $1,089,866.26. Following the completion of the sale, the chief marketing officer now owns 65,450 shares in the company, valued at $4,751,015.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.

About Tractor Supply Company

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:TSCO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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