Diversified Trust Co acquired a new position in shares of Tractor Supply (NASDAQ:TSCO) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,535 shares of the specialty retailer’s stock, valued at approximately $223,000.
Other hedge funds also recently added to or reduced their stakes in the company. Centaurus Financial Inc. bought a new position in shares of Tractor Supply during the 1st quarter worth about $100,000. Kennedy Capital Management Inc. bought a new position in shares of Tractor Supply during the 4th quarter worth about $204,000. D.B. Root & Company LLC bought a new position in shares of Tractor Supply during the 1st quarter worth about $213,000. Rampart Investment Management Company LLC boosted its position in shares of Tractor Supply by 117.0% during the 1st quarter. Rampart Investment Management Company LLC now owns 3,676 shares of the specialty retailer’s stock worth $232,000 after purchasing an additional 1,982 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of Tractor Supply by 104.5% during the 1st quarter. Millennium Management LLC now owns 3,741 shares of the specialty retailer’s stock worth $236,000 after purchasing an additional 86,990 shares in the last quarter. 80.62% of the stock is currently owned by institutional investors.
Tractor Supply stock opened at $77.55 on Friday. Tractor Supply has a 52 week low of $49.87 and a 52 week high of $82.68. The company has a current ratio of 1.96, a quick ratio of 0.22 and a debt-to-equity ratio of 0.54. The company has a market cap of $9.37 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 1.40 and a beta of 1.28.
Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, April 26th. The specialty retailer reported $0.57 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.57. Tractor Supply had a net margin of 5.88% and a return on equity of 31.99%. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter last year, the firm earned $0.46 EPS. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. sell-side analysts expect that Tractor Supply will post 4.08 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 12th. Shareholders of record on Tuesday, May 29th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, May 25th. This represents a $1.24 annualized dividend and a dividend yield of 1.60%. This is a boost from Tractor Supply’s previous quarterly dividend of $0.27. Tractor Supply’s dividend payout ratio (DPR) is currently 37.24%.
TSCO has been the topic of a number of research analyst reports. Sanford C. Bernstein initiated coverage on shares of Tractor Supply in a research report on Monday, February 26th. They set an “outperform” rating and a $80.00 price objective on the stock. Moffett Nathanson raised shares of Tractor Supply from a “neutral” rating to a “buy” rating in a research report on Monday, March 5th. Zacks Investment Research cut shares of Tractor Supply from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. BidaskClub cut shares of Tractor Supply from a “hold” rating to a “sell” rating in a research report on Saturday, March 10th. Finally, ValuEngine cut shares of Tractor Supply from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $73.52.
Tractor Supply Company Profile
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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