US Bancorp DE trimmed its position in shares of Tractor Supply (NASDAQ:TSCO – Free Report) by 5.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,820 shares of the specialty retailer’s stock after selling 2,828 shares during the quarter. US Bancorp DE’s holdings in Tractor Supply were worth $9,910,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of TSCO. Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of Tractor Supply by 99,846.1% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,249,710 shares of the specialty retailer’s stock valued at $939,611,000 after purchasing an additional 4,245,458 shares during the last quarter. Norges Bank bought a new stake in shares of Tractor Supply during the fourth quarter valued at approximately $264,936,000. Alliancebernstein L.P. grew its stake in shares of Tractor Supply by 84.0% during the fourth quarter. Alliancebernstein L.P. now owns 2,159,008 shares of the specialty retailer’s stock valued at $485,712,000 after purchasing an additional 985,799 shares during the last quarter. Morgan Stanley grew its stake in shares of Tractor Supply by 30.8% during the fourth quarter. Morgan Stanley now owns 1,642,115 shares of the specialty retailer’s stock valued at $369,427,000 after purchasing an additional 387,155 shares during the last quarter. Finally, Provident Trust Co. bought a new stake in shares of Tractor Supply during the second quarter valued at approximately $70,875,000. 90.38% of the stock is owned by institutional investors.
Analyst Ratings Changes
TSCO has been the topic of several research analyst reports. UBS Group decreased their price target on shares of Tractor Supply from $247.00 to $230.00 and set a “neutral” rating on the stock in a research note on Friday, July 28th. Barclays cut their price objective on shares of Tractor Supply from $224.00 to $212.00 and set an “equal weight” rating on the stock in a report on Monday, October 23rd. Bank of America lowered shares of Tractor Supply from a “buy” rating to a “neutral” rating and cut their price objective for the company from $270.00 to $226.00 in a report on Tuesday, July 25th. Wells Fargo & Company cut their price objective on shares of Tractor Supply from $255.00 to $225.00 and set an “overweight” rating on the stock in a report on Tuesday, October 17th. Finally, Citigroup cut their price objective on shares of Tractor Supply from $207.00 to $195.00 and set a “neutral” rating on the stock in a report on Wednesday, November 1st. Eleven equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $234.42.
Tractor Supply Trading Down 0.2 %
Shares of NASDAQ:TSCO opened at $202.61 on Friday. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $251.17. The company has a quick ratio of 0.30, a current ratio of 1.52 and a debt-to-equity ratio of 0.83. The company’s fifty day simple moving average is $202.68 and its 200 day simple moving average is $214.39. The firm has a market cap of $21.90 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 2.94 and a beta of 0.85.
Tractor Supply (NASDAQ:TSCO – Get Free Report) last released its earnings results on Thursday, October 26th. The specialty retailer reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.06. The business had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.46 billion. Tractor Supply had a net margin of 7.58% and a return on equity of 55.43%. As a group, research analysts forecast that Tractor Supply will post 10.04 EPS for the current fiscal year.
Tractor Supply Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Monday, November 27th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Friday, November 24th. Tractor Supply’s dividend payout ratio (DPR) is currently 40.23%.
Tractor Supply Profile
Tractor Supply Company operates as a rural lifestyle retailer 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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