Victory Capital Management Inc. grew its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 30.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,318 shares of the specialty retailer’s stock after buying an additional 5,658 shares during the quarter. Victory Capital Management Inc.’s holdings in Tractor Supply were worth $1,539,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Crossmark Global Holdings Inc. bought a new position in Tractor Supply in the third quarter worth approximately $748,000. BARING ASSET MANAGEMENT Ltd bought a new stake in shares of Tractor Supply during the 3rd quarter valued at $1,335,000. Well Done LLC bought a new stake in shares of Tractor Supply during the 3rd quarter valued at $1,264,000. Palisade Asset Management LLC bought a new stake in Tractor Supply in the 3rd quarter valued at $214,000. Finally, Pictet Asset Management Ltd. increased its holdings in Tractor Supply by 38.5% in the 3rd quarter. Pictet Asset Management Ltd. now owns 300,163 shares of the specialty retailer’s stock valued at $18,997,000 after acquiring an additional 83,380 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.
Shares of Tractor Supply Company (NASDAQ TSCO) traded down $0.53 on Thursday, hitting $66.48. 1,906,861 shares of the company were exchanged, compared to its average volume of 2,218,675. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.00 and a quick ratio of 0.17. The stock has a market capitalization of $8,632.55, a price-to-earnings ratio of 20.40, a P/E/G ratio of 1.50 and a beta of 1.32. Tractor Supply Company has a 12-month low of $49.87 and a 12-month high of $78.25.
Tractor Supply (NASDAQ:TSCO) last announced its earnings results 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. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.68 billion. Tractor Supply had a net margin of 6.04% and a return on equity of 31.25%. Tractor Supply’s revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.67 earnings per share. equities analysts anticipate that Tractor Supply Company will post 3.28 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Monday, November 20th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Friday, November 17th. Tractor Supply’s payout ratio is 32.05%.
A number of analysts have issued reports on the stock. Oppenheimer reiterated a “hold” rating on shares of Tractor Supply in a report on Friday, December 1st. Moffett Nathanson initiated coverage on shares of Tractor Supply in a research note on Monday. They issued a “neutral” rating for the company. UBS cut shares of Tractor Supply from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $62.00 to $67.00 in a research note on Monday, October 2nd. Piper Jaffray Companies reaffirmed a “hold” rating and set a $57.00 price target on shares of Tractor Supply in a research note on Friday, September 29th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $66.00 price target on shares of Tractor Supply in a research note on Wednesday, October 4th. Seventeen analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $66.26.
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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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