Blair William & Co. IL Decreases Holdings in Tractor Supply (NASDAQ:TSCO)

Blair William & Co. IL decreased its stake in Tractor Supply (NASDAQ:TSCOFree Report) by 6.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,576 shares of the specialty retailer’s stock after selling 4,983 shares during the period. Blair William & Co. IL owned approximately 0.06% of Tractor Supply worth $13,721,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in TSCO. Capital World Investors acquired a new stake in shares of Tractor Supply during the 2nd quarter valued at approximately $773,292,000. Capital International Investors increased its position in shares of Tractor Supply by 63.9% in the second quarter. Capital International Investors now owns 3,070,209 shares of the specialty retailer’s stock valued at $678,627,000 after buying an additional 1,197,419 shares in the last quarter. Norges Bank purchased a new position in shares of Tractor Supply in the fourth quarter valued at $264,936,000. Alliancebernstein L.P. raised its stake in shares of Tractor Supply by 84.0% during the 4th quarter. Alliancebernstein L.P. now owns 2,159,008 shares of the specialty retailer’s stock worth $485,712,000 after buying an additional 985,799 shares during the last quarter. Finally, BlackRock Inc. boosted its position in shares of Tractor Supply by 4.4% in the 2nd quarter. BlackRock Inc. now owns 10,080,496 shares of the specialty retailer’s stock worth $2,228,798,000 after buying an additional 429,199 shares in the last quarter. Hedge funds and other institutional investors own 90.38% of the company’s stock.

Tractor Supply Stock Performance

Shares of NASDAQ:TSCO opened at $235.08 on Monday. The business has a 50-day moving average of $221.03 and a two-hundred day moving average of $212.98. The firm has a market capitalization of $25.41 billion, a PE ratio of 23.30, a P/E/G ratio of 3.54 and a beta of 0.83. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.50 and a quick ratio of 0.28. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $251.17.

Tractor Supply (NASDAQ:TSCOGet Free Report) last posted its earnings results on Thursday, February 1st. The specialty retailer reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.06. Tractor Supply had a net margin of 7.61% and a return on equity of 53.60%. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter in the prior year, the company earned $2.43 EPS. The company’s revenue was down 8.6% on a year-over-year basis. As a group, research analysts forecast that Tractor Supply will post 10.18 earnings per share for the current year.

Tractor Supply Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th will be given a $1.10 dividend. The ex-dividend date is Friday, February 23rd. This represents a $4.40 annualized dividend and a dividend yield of 1.87%. This is an increase from Tractor Supply’s previous quarterly dividend of $1.03. Tractor Supply’s payout ratio is presently 40.83%.

Wall Street Analyst Weigh In

TSCO has been the subject of several recent research reports. Wedbush raised their target price on shares of Tractor Supply from $200.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, February 2nd. Raymond James downgraded Tractor Supply from a “strong-buy” rating to an “outperform” rating and lifted their price objective for the stock from $230.00 to $250.00 in a research report on Friday, February 2nd. Morgan Stanley reaffirmed an “underweight” rating and issued a $195.00 target price on shares of Tractor Supply in a research note on Tuesday, January 16th. The Goldman Sachs Group boosted their price target on Tractor Supply from $230.00 to $262.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, JPMorgan Chase & Co. decreased their price objective on Tractor Supply from $218.00 to $208.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $237.40.

View Our Latest Report on Tractor Supply

About Tractor Supply

(Free Report)

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.

Read More

Want to see what other hedge funds are holding TSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tractor Supply (NASDAQ:TSCOFree Report).

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

Receive News & Ratings for Tractor Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply and related companies with MarketBeat.com's FREE daily email newsletter.