Tocqueville Asset Management L.P. Has $1.42 Million Holdings in Tractor Supply Company (TSCO)
Tocqueville Asset Management L.P. lowered its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 18.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,500 shares of the specialty retailer’s stock after selling 5,000 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Tractor Supply were worth $1,424,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Commonwealth Bank of Australia lifted its holdings in Tractor Supply by 15.4% during the second quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock valued at $128,000 after purchasing an additional 317 shares in the last quarter. Penserra Capital Management LLC purchased a new position in Tractor Supply during the second quarter valued at approximately $139,000. Bristlecone Advisors LLC purchased a new position in Tractor Supply during the third quarter valued at approximately $173,000. Bronfman E.L. Rothschild L.P. lifted its holdings in Tractor Supply by 33.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,325 shares of the specialty retailer’s stock valued at $180,000 after purchasing an additional 828 shares in the last quarter. Finally, Palisade Asset Management LLC purchased a new position in Tractor Supply during the third quarter valued at approximately $214,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have weighed in on TSCO. BMO Capital Markets set a $57.00 price target on shares of Tractor Supply and gave the company a “hold” rating in a report on Tuesday, July 11th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $56.00 price target on shares of Tractor Supply in a report on Friday, October 27th. Robert W. Baird set a $66.00 price target on shares of Tractor Supply and gave the company a “buy” rating in a report on Thursday, October 26th. Barclays PLC reaffirmed an “overweight” rating and set a $70.00 price target (down previously 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. Fourteen analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Tractor Supply has a consensus rating of “Hold” and a consensus target price of $68.63.
Tractor Supply Company (NASDAQ TSCO) opened at $59.14 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 2.00. 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 $7,553.62, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 1.32 and a beta of 1.29.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.04. Tractor Supply had a net margin of 6.04% and a return on equity of 31.25%. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the previous year, the business posted $0.67 earnings per share. The business’s revenue was up 11.6% compared to the same quarter last year. equities research analysts expect 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 given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Friday, November 17th. Tractor Supply’s dividend payout ratio (DPR) is 32.05%.
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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