Gamco Investors INC. ET AL Sells 2,100 Shares of Tractor Supply (TSCO)
Gamco Investors INC. ET AL trimmed its holdings in Tractor Supply (NASDAQ:TSCO) by 1.9% during the 4th quarter, Holdings Channel reports. The firm owned 105,800 shares of the specialty retailer’s stock after selling 2,100 shares during the period. Gamco Investors INC. ET AL’s holdings in Tractor Supply were worth $7,909,000 as of its most recent filing with the SEC.
Other large investors have also bought and sold shares of the company. Global X MANAGEMENT CO LLC boosted its holdings in Tractor Supply by 191.7% in the third quarter. Global X MANAGEMENT CO LLC now owns 1,785 shares of the specialty retailer’s stock valued at $113,000 after purchasing an additional 1,173 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Tractor Supply in the fourth quarter valued at $187,000. Advisor Partners LLC purchased a new stake in Tractor Supply in the fourth quarter valued at $207,000. CAPROCK Group Inc. purchased a new stake in shares of Tractor Supply during the 4th quarter worth about $214,000. Finally, Bristlecone Advisors LLC purchased a new stake in shares of Tractor Supply during the 3rd quarter worth about $173,000. 92.99% of the stock is currently owned by institutional investors.
TSCO has been the topic of several recent analyst reports. Moffett Nathanson initiated coverage on shares of Tractor Supply in a research note on Monday, December 4th. They set a “neutral” rating on the stock. TheStreet raised shares of Tractor Supply from a “c+” rating to a “b” rating in a research note on Wednesday, December 20th. Loop Capital set a $55.00 target price on shares of Tractor Supply and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Zacks Investment Research lowered shares of Tractor Supply from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Finally, BidaskClub raised shares of Tractor Supply from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 6th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Tractor Supply currently has an average rating of “Hold” and an average price target of $72.85.
Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Wednesday, January 31st. The specialty retailer reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.04. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.93 billion. Tractor Supply had a net margin of 5.82% and a return on equity of 30.81%. Tractor Supply’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.94 EPS. equities research analysts expect that Tractor Supply will post 4.1 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Monday, February 26th will be issued a $0.27 dividend. The ex-dividend date is Friday, February 23rd. This represents a $1.08 dividend on an annualized basis and a yield of 1.62%. Tractor Supply’s payout ratio is 32.63%.
In other Tractor Supply news, CMO Steve K. Barbarick sold 43,076 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $69.03, for a total value of $2,973,536.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Edna Morris sold 1,054 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $67.07, for a total transaction of $70,691.78. Following the completion of the sale, the director now owns 10,949 shares of the company’s stock, valued at approximately $734,349.43. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.
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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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