Tractor Supply Company (TSCO) Shares Bought by BT Investment Management Ltd
BT Investment Management Ltd increased its stake in Tractor Supply Company (NASDAQ:TSCO) by 39.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,675 shares of the specialty retailer’s stock after acquiring an additional 1,598 shares during the quarter. BT Investment Management Ltd’s holdings in Tractor Supply were worth $359,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Commonwealth Bank of Australia increased its stake in shares of Tractor Supply by 15.4% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock valued at $128,000 after acquiring an additional 317 shares in the last quarter. Penserra Capital Management LLC bought a new stake in shares of Tractor Supply in the 2nd quarter valued at $139,000. Bristlecone Advisors LLC bought a new stake in shares of Tractor Supply in the 3rd quarter valued at $173,000. Bronfman E.L. Rothschild L.P. increased its stake in shares of Tractor Supply by 33.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,325 shares of the specialty retailer’s stock valued at $180,000 after acquiring an additional 828 shares in the last quarter. Finally, Palisade Asset Management LLC bought a new stake in shares of Tractor Supply in the 3rd quarter valued at $214,000. Institutional investors own 92.41% of the company’s stock.
Tractor Supply Company (TSCO) opened at $62.67 on Friday. The company has a quick ratio of 0.17, a current ratio of 2.00 and a debt-to-equity ratio of 0.38. The firm has a market cap of $7,769.92, a PE ratio of 18.36, a P/E/G ratio of 1.35 and a beta of 1.29. Tractor Supply Company has a fifty-two week low of $49.87 and a fifty-two week high of $78.25.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.04. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.68 billion. Tractor Supply had a net margin of 6.04% and a return on equity of 31.25%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 EPS. analysts predict that Tractor Supply Company will post 3.28 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Monday, November 20th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Friday, November 17th. Tractor Supply’s dividend payout ratio (DPR) is currently 32.05%.
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A number of analysts have commented on the stock. Piper Jaffray Companies restated a “hold” rating and set a $56.00 price target on shares of Tractor Supply in a research note 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 research note on Thursday, October 26th. Barclays PLC restated an “overweight” rating and set a $70.00 price target (down previously from $90.00) on shares of Tractor Supply in a research note on Saturday, July 22nd. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Tractor Supply in a research note on Thursday, July 27th. Finally, Zacks Investment Research lowered shares of Tractor Supply from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Fourteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Tractor Supply presently has a consensus rating of “Hold” and a consensus price target of $68.63.
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.
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