TD Asset Management Inc. lowered its stake in Tractor Supply Company (NASDAQ:TSCO) by 7.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 42,817 shares of the specialty retailer’s stock after selling 3,634 shares during the quarter. TD Asset Management Inc.’s holdings in Tractor Supply were worth $2,710,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Global X MANAGEMENT CO LLC raised its stake in Tractor Supply by 191.7% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,785 shares of the specialty retailer’s stock worth $113,000 after buying an additional 1,173 shares during the period. Commonwealth Bank of Australia raised its stake in Tractor Supply by 15.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock worth $128,000 after buying an additional 317 shares during the period. Penserra Capital Management LLC acquired a new stake in Tractor Supply during the 2nd quarter worth $139,000. Bristlecone Advisors LLC acquired a new stake in Tractor Supply during the 3rd quarter worth $173,000. Finally, Bronfman E.L. Rothschild L.P. increased its holdings in Tractor Supply by 33.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,325 shares of the specialty retailer’s stock worth $180,000 after purchasing an additional 828 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors.

Tractor Supply Company (NASDAQ TSCO) opened at $67.66 on Friday. Tractor Supply Company has a 1 year low of $49.87 and a 1 year high of $78.25. The company has a market cap of $8,414.07, a P/E ratio of 19.88, a price-to-earnings-growth ratio of 1.46 and a beta of 1.32. 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 (NASDAQ:TSCO) last announced its quarterly earnings data on Wednesday, October 25th. The specialty retailer reported $0.72 EPS for the quarter, beating the 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 during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the previous year, the business earned $0.67 earnings per share. The company’s revenue was up 11.6% on a year-over-year basis. equities research analysts anticipate that Tractor Supply Company will post 3.28 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Monday, November 20th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, November 17th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.60%. Tractor Supply’s payout ratio is presently 32.05%.

TSCO has been the subject of a number of research reports. Robert W. Baird set a $62.00 target price on Tractor Supply and gave the stock a “buy” rating in a report on Friday, August 25th. Bank of America restated a “buy” rating and issued a $69.00 price objective on shares of Tractor Supply in a report on Tuesday, September 5th. Credit Suisse Group restated a “hold” rating and issued a $54.00 price objective on shares of Tractor Supply in a report on Wednesday, September 13th. Zacks Investment Research upgraded Tractor Supply from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, BMO Capital Markets raised their price objective on Tractor Supply from $58.00 to $61.00 and gave the company a “market perform” rating in a report on Wednesday, September 27th. Seventeen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus 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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Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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