ING Groep NV purchased a new stake in shares of Tractor Supply Company (NASDAQ:TSCO) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,081 shares of the specialty retailer’s stock, valued at approximately $258,000.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Tractor Supply by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 12,519,767 shares of the specialty retailer’s stock worth $678,696,000 after acquiring an additional 170,986 shares during the period. BlackRock Inc. grew its holdings in shares of Tractor Supply by 1.7% during the 2nd quarter. BlackRock Inc. now owns 7,968,825 shares of the specialty retailer’s stock worth $431,989,000 after acquiring an additional 133,235 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Tractor Supply by 1.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,413,006 shares of the specialty retailer’s stock worth $405,879,000 after acquiring an additional 114,539 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Tractor Supply by 7,599.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,230,168 shares of the specialty retailer’s stock worth $229,319,000 after acquiring an additional 4,175,224 shares during the period. Finally, Fiera Capital Corp grew its holdings in shares of Tractor Supply by 14.9% during the 2nd quarter. Fiera Capital Corp now owns 3,700,846 shares of the specialty retailer’s stock worth $200,623,000 after acquiring an additional 480,717 shares during the period. Institutional investors own 92.61% of the company’s stock.

TSCO has been the topic of a number of research analyst reports. Robert W. Baird reiterated a “buy” rating and set a $66.00 target price on shares of Tractor Supply in a report on Wednesday, October 4th. Bank of America reiterated a “buy” rating and set a $69.00 target price on shares of Tractor Supply in a report on Tuesday, September 5th. Morgan Stanley upped their target price on Tractor Supply from $53.00 to $57.00 and gave the stock an “equal weight” rating in a report on Thursday, November 16th. Oppenheimer reissued a “hold” rating on shares of Tractor Supply in a research report on Thursday, October 26th. Finally, Loop Capital set a $55.00 price target on Tractor Supply and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Sixteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $66.26.

Shares of Tractor Supply Company (TSCO) opened at $68.16 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.00 and a quick ratio of 0.17. Tractor Supply Company has a 12-month low of $49.87 and a 12-month high of $78.25. The company has a market capitalization of $8,568.51, a P/E ratio of 20.25, a PEG ratio of 1.49 and a beta of 1.32.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.04. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 EPS. research analysts predict 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. Investors of record on Monday, November 20th will be given a $0.27 dividend. The ex-dividend date is Friday, November 17th. This represents a $1.08 annualized dividend and a yield of 1.58%. Tractor Supply’s dividend payout ratio (DPR) is presently 32.05%.

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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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Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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