RiverPark Advisors LLC Has $33.92 Million Position in Tractor Supply Company (TSCO)
RiverPark Advisors LLC lowered its position in Tractor Supply Company (NASDAQ:TSCO) by 21.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 536,000 shares of the specialty retailer’s stock after selling 149,000 shares during the quarter. Tractor Supply makes up about 4.5% of RiverPark Advisors LLC’s portfolio, making the stock its 9th biggest position. RiverPark Advisors LLC owned approximately 0.43% of Tractor Supply worth $33,923,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Turtle Creek Asset Management Inc. grew its stake in Tractor Supply by 33.3% in the third quarter. Turtle Creek Asset Management Inc. now owns 1,237,936 shares of the specialty retailer’s stock worth $78,349,000 after purchasing an additional 309,036 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in Tractor Supply by 3.1% in the third quarter. Asset Management One Co. Ltd. now owns 207,739 shares of the specialty retailer’s stock worth $13,145,000 after purchasing an additional 6,218 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Tractor Supply by 46.3% in the third quarter. Envestnet Asset Management Inc. now owns 201,329 shares of the specialty retailer’s stock worth $12,743,000 after purchasing an additional 63,698 shares in the last quarter. Financial Counselors Inc. grew its stake in Tractor Supply by 62.7% in the third quarter. Financial Counselors Inc. now owns 35,858 shares of the specialty retailer’s stock worth $2,269,000 after purchasing an additional 13,815 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in Tractor Supply by 14.4% in the third quarter. Stifel Financial Corp now owns 253,736 shares of the specialty retailer’s stock worth $16,053,000 after purchasing an additional 31,933 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors.
Shares of Tractor Supply Company (NASDAQ TSCO) opened at $67.01 on Thursday. Tractor Supply Company has a twelve month low of $49.87 and a twelve month high of $78.25. The company has a current ratio of 2.00, a quick ratio of 0.17 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $8,572.28, a price-to-earnings ratio of 20.26, a PEG ratio of 1.49 and a beta of 1.32.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Monday, November 20th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, November 17th. This represents a $1.08 annualized dividend and a dividend yield of 1.61%. Tractor Supply’s dividend payout ratio is presently 32.05%.
A number of analysts have weighed in on TSCO shares. Zacks Investment Research lowered Tractor Supply from a “hold” rating to a “sell” rating in a report on Monday, October 16th. BMO Capital Markets upped their target price on Tractor Supply from $58.00 to $61.00 and gave the stock a “market perform” rating in a report on Wednesday, September 27th. Wedbush restated an “outperform” rating and set a $72.00 target price (up previously from $65.00) on shares of Tractor Supply in a report on Tuesday, October 3rd. Bank of America restated a “buy” rating and set a $69.00 target price on shares of Tractor Supply in a report on Tuesday, September 5th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $57.00 target price on shares of Tractor Supply in a report on Friday, September 29th. Seventeen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $66.26.
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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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