Neuberger Berman Group LLC Has $133.05 Million Position in Tractor Supply (NASDAQ:TSCO)

Neuberger Berman Group LLC lowered its position in Tractor Supply (NASDAQ:TSCO) by 4.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 725,636 shares of the specialty retailer’s stock after selling 29,911 shares during the period. Neuberger Berman Group LLC owned 0.63% of Tractor Supply worth $133,046,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Cerity Partners LLC raised its stake in Tractor Supply by 2.9% during the first quarter. Cerity Partners LLC now owns 2,127 shares of the specialty retailer’s stock worth $377,000 after acquiring an additional 59 shares in the last quarter. Meeder Asset Management Inc. raised its stake in Tractor Supply by 4.3% during the second quarter. Meeder Asset Management Inc. now owns 1,479 shares of the specialty retailer’s stock worth $275,000 after acquiring an additional 61 shares in the last quarter. WD Rutherford LLC raised its stake in Tractor Supply by 22.4% during the second quarter. WD Rutherford LLC now owns 355 shares of the specialty retailer’s stock worth $66,000 after acquiring an additional 65 shares in the last quarter. Capital Asset Advisory Services LLC raised its stake in Tractor Supply by 3.1% during the second quarter. Capital Asset Advisory Services LLC now owns 2,510 shares of the specialty retailer’s stock worth $467,000 after acquiring an additional 75 shares in the last quarter. Finally, Benjamin Edwards Inc. raised its stake in Tractor Supply by 1.2% during the first quarter. Benjamin Edwards Inc. now owns 7,353 shares of the specialty retailer’s stock worth $1,302,000 after acquiring an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 86.68% of the company’s stock.

Several research analysts have issued reports on TSCO shares. Bank of America lowered Tractor Supply from a “buy” rating to a “neutral” rating and set a $217.00 price objective for the company. in a research note on Monday, October 4th. Morgan Stanley lifted their price objective on Tractor Supply from $190.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 20th. Zacks Investment Research lowered Tractor Supply from a “buy” rating to a “hold” rating and set a $214.00 price objective for the company. in a research report on Tuesday, September 14th. Piper Sandler lifted their price objective on Tractor Supply from $210.00 to $218.00 and gave the stock an “overweight” rating in a research report on Thursday, July 15th. Finally, Telsey Advisory Group lifted their price objective on Tractor Supply from $205.00 to $213.00 and gave the stock an “outperform” rating in a research report on Friday, July 16th. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $201.65.

In other Tractor Supply news, CFO Kurt D. Barton sold 3,527 shares of the business’s stock in a transaction that occurred on Monday, September 13th. The stock was sold at an average price of $205.37, for a total value of $724,339.99. Following the sale, the chief financial officer now owns 38,708 shares in the company, valued at approximately $7,949,461.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John P. Ordus sold 19,429 shares of the business’s stock in a transaction that occurred on Friday, September 10th. The shares were sold at an average price of $205.00, for a total value of $3,982,945.00. The disclosure for this sale can be found here. Insiders have sold a total of 26,742 shares of company stock worth $5,456,913 in the last quarter. 0.70% of the stock is currently owned by company insiders.

NASDAQ:TSCO opened at $194.94 on Thursday. Tractor Supply has a fifty-two week low of $127.78 and a fifty-two week high of $213.68. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.71 and a quick ratio of 0.76. The stock has a market capitalization of $22.29 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 2.66 and a beta of 1.03. The business’s 50-day simple moving average is $198.46 and its 200-day simple moving average is $188.76.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Sunday, July 18th. The specialty retailer reported $3.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.94 by $0.25. Tractor Supply had a return on equity of 49.01% and a net margin of 7.39%. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.48 billion. During the same quarter in the previous year, the business posted $2.90 EPS. Tractor Supply’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, research analysts expect that Tractor Supply will post 7.96 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 8th. Stockholders of record on Monday, August 23rd were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Friday, August 20th. Tractor Supply’s dividend payout ratio (DPR) is presently 30.28%.

About Tractor Supply

Tractor Supply Co engages in the retail sale of farm and ranch products. It operates retail farm & ranch stores and focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. The firm operates the retail stores under the names: Tractor Supply Company, Del’s Feed & Farm Supply, and Petsense.

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Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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