Van Berkom & Associates Inc. boosted its stake in shares of Tractor Supply (NASDAQ:TSCO) by 4.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,093 shares of the specialty retailer’s stock after purchasing an additional 880 shares during the quarter. Van Berkom & Associates Inc.’s holdings in Tractor Supply were worth $1,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of TSCO. Amundi Pioneer Asset Management Inc. bought a new stake in Tractor Supply during the fourth quarter valued at about $139,359,000. Massachusetts Financial Services Co. MA raised its stake in Tractor Supply by 19.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,375,561 shares of the specialty retailer’s stock valued at $212,727,000 after buying an additional 552,372 shares during the last quarter. CWM LLC raised its stake in Tractor Supply by 106,641.1% in the fourth quarter. CWM LLC now owns 480,335 shares of the specialty retailer’s stock valued at $35,905,000 after buying an additional 479,885 shares during the last quarter. Alliancebernstein L.P. raised its stake in Tractor Supply by 180.8% in the fourth quarter. Alliancebernstein L.P. now owns 680,823 shares of the specialty retailer’s stock valued at $50,892,000 after buying an additional 438,384 shares during the last quarter. Finally, Champlain Investment Partners LLC raised its stake in Tractor Supply by 52.9% in the fourth quarter. Champlain Investment Partners LLC now owns 932,075 shares of the specialty retailer’s stock valued at $69,673,000 after buying an additional 322,655 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors.
A number of equities research analysts have commented on the company. Telsey Advisory Group cut Tractor Supply from an “outperform” rating to a “market perform” rating and increased their price target for the company from $62.00 to $83.00 in a research note on Thursday, January 25th. They noted that the move was a valuation call. BidaskClub cut Tractor Supply from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 25th. Guggenheim reiterated a “buy” rating and issued a $88.00 price target on shares of Tractor Supply in a research note on Tuesday, January 16th. Stephens set a $79.00 price target on Tractor Supply and gave the company a “hold” rating in a research note on Wednesday, January 17th. Finally, Royal Bank of Canada increased their price target on Tractor Supply to $74.00 and gave the company a “sector perform” rating in a research note on Monday, January 29th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $72.20.
Shares of Tractor Supply opened at $71.21 on Tuesday, MarketBeat Ratings reports. Tractor Supply has a 52-week low of $69.05 and a 52-week high of $71.42. The stock has a market capitalization of $8.62 billion, a PE ratio of 21.38, a PEG ratio of 1.29 and a beta of 1.27. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.96 and a quick ratio of 0.22.
Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, April 26th. The specialty retailer reported $0.57 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.57. Tractor Supply had a return on equity of 31.99% and a net margin of 5.88%. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same period last year, the business posted $0.46 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. equities analysts predict that Tractor Supply will post 4.09 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 12th. Stockholders of record on Tuesday, May 29th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.74%. This is a boost from Tractor Supply’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, May 25th. Tractor Supply’s dividend payout ratio (DPR) is presently 32.43%.
About Tractor Supply
Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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