Stone Ridge Asset Management LLC acquired a new stake in shares of Tractor Supply (NASDAQ:TSCO) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 42,738 shares of the specialty retailer’s stock, valued at approximately $3,195,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in TSCO. Calton & Associates Inc. bought a new position in shares of Tractor Supply during the 4th quarter valued at about $109,000. Global X MANAGEMENT CO LLC boosted its holdings in shares of Tractor Supply by 191.7% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,785 shares of the specialty retailer’s stock valued at $113,000 after purchasing an additional 1,173 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Tractor Supply during the 4th quarter valued at about $187,000. Kennedy Capital Management Inc. bought a new position in shares of Tractor Supply during the 4th quarter valued at about $204,000. Finally, Advisor Partners LLC bought a new position in shares of Tractor Supply during the 4th quarter valued at about $207,000. 83.43% of the stock is owned by institutional investors and hedge funds.
Shares of Tractor Supply (TSCO) opened at $65.34 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.95 and a quick ratio of 0.24. Tractor Supply has a 1 year low of $49.87 and a 1 year high of $82.68. The firm has a market cap of $8,175.14, a PE ratio of 19.56, a P/E/G ratio of 1.20 and a beta of 1.27.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Monday, February 26th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Friday, February 23rd. Tractor Supply’s dividend payout ratio (DPR) is currently 32.73%.
In related news, Director Edna Morris sold 1,054 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $67.07, for a total value of $70,691.78. Following the sale, the director now directly owns 10,949 shares of the company’s stock, valued at approximately $734,349.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Steve K. Barbarick sold 43,076 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $69.03, for a total transaction of $2,973,536.28. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
TSCO has been the subject of several research reports. Morgan Stanley increased their price objective on shares of Tractor Supply from $53.00 to $57.00 and gave the company an “equal weight” rating in a report on Thursday, November 16th. Oppenheimer reissued a “hold” rating on shares of Tractor Supply in a report on Friday, December 1st. Moffett Nathanson initiated coverage on shares of Tractor Supply in a report on Monday, December 4th. They set a “neutral” rating for the company. Wolfe Research raised shares of Tractor Supply from a “market perform” rating to an “outperform” rating in a report on Wednesday, December 20th. Finally, BidaskClub upgraded shares of Tractor Supply from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $73.10.
Tractor Supply Profile
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.
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