Tractor Supply Company (TSCO) Position Reduced by Swiss National Bank
Swiss National Bank lowered its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 0.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 475,500 shares of the specialty retailer’s stock after selling 1,000 shares during the period. Swiss National Bank owned 375,295.97% of Tractor Supply worth $30,094,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of TSCO. Dimensional Fund Advisors LP grew its stake in Tractor Supply by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 485,313 shares of the specialty retailer’s stock valued at $33,471,000 after acquiring an additional 14,543 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Tractor Supply by 6.2% during the second quarter. Oregon Public Employees Retirement Fund now owns 34,511 shares of the specialty retailer’s stock valued at $1,871,000 after acquiring an additional 2,000 shares in the last quarter. Regent Investment Management LLC grew its stake in Tractor Supply by 8.0% during the second quarter. Regent Investment Management LLC now owns 4,070 shares of the specialty retailer’s stock valued at $221,000 after acquiring an additional 300 shares in the last quarter. LS Investment Advisors LLC grew its stake in Tractor Supply by 29.4% during the second quarter. LS Investment Advisors LLC now owns 6,456 shares of the specialty retailer’s stock valued at $350,000 after acquiring an additional 1,468 shares in the last quarter. Finally, Aperio Group LLC grew its stake in Tractor Supply by 35.8% during the second quarter. Aperio Group LLC now owns 43,929 shares of the specialty retailer’s stock valued at $2,381,000 after acquiring an additional 11,581 shares in the last quarter. 92.95% of the stock is owned by institutional investors.
A number of equities analysts have commented on the stock. Morgan Stanley boosted their price target on shares of Tractor Supply from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Thursday. Robert W. Baird reaffirmed a “buy” rating and issued a $66.00 price objective on shares of Tractor Supply in a research note on Friday, November 10th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Tractor Supply in a research note on Thursday, July 27th. UBS AG cut shares of Tractor Supply from a “buy” rating to a “neutral” rating and upped their price objective for the company from $62.00 to $67.00 in a research note on Monday, October 2nd. Finally, Deutsche Bank AG cut their price objective on shares of Tractor Supply from $54.00 to $51.00 and set a “hold” rating for the company in a research note on Thursday, October 26th. Sixteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Tractor Supply has a consensus rating of “Hold” and an average target price of $68.05.
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Shares of Tractor Supply Company (NASDAQ:TSCO) opened at $64.50 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 2.00. The stock has a market cap of $7,950.00, a PE ratio of 18.29, a PEG ratio of 1.34 and a beta of 1.28. Tractor Supply Company has a 1-year low of $49.87 and a 1-year high of $78.25.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the prior year, the business earned $0.67 EPS. The business’s quarterly revenue was up 11.6% on a year-over-year basis. sell-side analysts forecast that Tractor Supply Company will post 3.28 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Monday, November 20th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, November 17th. Tractor Supply’s dividend payout ratio (DPR) is presently 32.05%.
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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