Koch Industries Inc. bought a new stake in shares of Tractor Supply (NASDAQ:TSCO) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,896 shares of the specialty retailer’s stock, valued at approximately $814,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Calton & Associates Inc. purchased a new position in Tractor Supply during the 4th quarter valued at about $109,000. Global X MANAGEMENT CO LLC lifted its position 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 valued at $113,000 after acquiring an additional 1,173 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Tractor Supply during the 4th quarter valued at about $187,000. Kennedy Capital Management Inc. purchased a new position in Tractor Supply during the 4th quarter valued at about $204,000. Finally, Advisor Partners LLC purchased a new position in Tractor Supply during the 4th quarter valued at about $207,000. 83.43% of the stock is currently owned by hedge funds and other institutional investors.
Tractor Supply (NASDAQ TSCO) traded down $0.31 on Wednesday, hitting $62.62. 2,840,000 shares of the stock traded hands, compared to its average volume of 2,170,000. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.95 and a quick ratio of 0.24. Tractor Supply has a 1 year low of $49.87 and a 1 year high of $82.68. The stock has a market capitalization of $7,830.00, a PE ratio of 18.75, a price-to-earnings-growth ratio of 1.17 and a beta of 1.27.
Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Wednesday, January 31st. The specialty retailer reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. Tractor Supply had a net margin of 5.82% and a return on equity of 30.81%. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the previous year, the company earned $0.94 earnings per share. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. equities analysts predict that Tractor Supply will post 4.1 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Stockholders of record on Monday, February 26th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.08 annualized dividend and a dividend yield of 1.72%. Tractor Supply’s payout ratio is 32.34%.
TSCO has been the subject of a number of recent research reports. Northcoast Research reissued a “buy” rating on shares of Tractor Supply in a research report on Wednesday, January 3rd. Wolfe Research raised shares of Tractor Supply from a “market perform” rating to an “outperform” rating in a research report on Wednesday, December 20th. Guggenheim reissued a “buy” rating and set a $88.00 price target on shares of Tractor Supply in a research report on Tuesday, January 16th. BidaskClub raised shares of Tractor Supply from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Finally, Sanford C. Bernstein reissued a “buy” rating on shares of Tractor Supply in a research report on Tuesday, February 27th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have issued a buy rating to the company. Tractor Supply currently has a consensus rating of “Hold” and a consensus price target of $73.10.
In other news, CMO Steve K. Barbarick sold 43,076 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $69.03, for a total transaction of $2,973,536.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Edna Morris sold 1,054 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $67.07, for a total transaction of $70,691.78. Following the sale, the director now owns 10,949 shares of the company’s stock, valued at $734,349.43. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.
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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