RiverPark Advisors LLC reduced its holdings in Tractor Supply (NASDAQ:TSCO) by 24.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 406,000 shares of the specialty retailer’s stock after selling 130,000 shares during the quarter. Tractor Supply comprises 4.3% of RiverPark Advisors LLC’s investment portfolio, making the stock its 7th largest position. RiverPark Advisors LLC owned approximately 0.32% of Tractor Supply worth $30,349,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of TSCO. Crossmark Global Holdings Inc. bought a new stake in shares of Tractor Supply in the 3rd quarter worth approximately $748,000. Victory Capital Management Inc. grew its position in shares of Tractor Supply by 30.3% in the 3rd quarter. Victory Capital Management Inc. now owns 24,318 shares of the specialty retailer’s stock worth $1,539,000 after buying an additional 5,658 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Tractor Supply by 563.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 150,716 shares of the specialty retailer’s stock valued at $9,539,000 after purchasing an additional 128,000 shares during the period. Alps Advisors Inc. lifted its stake in shares of Tractor Supply by 14.3% in the 3rd quarter. Alps Advisors Inc. now owns 7,626 shares of the specialty retailer’s stock valued at $483,000 after purchasing an additional 953 shares during the period. Finally, Global X MANAGEMENT CO LLC lifted its stake in shares of Tractor Supply by 191.7% in 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 period. Hedge funds and other institutional investors own 83.43% of the company’s stock.
Tractor Supply (NASDAQ TSCO) opened at $65.34 on Monday. Tractor Supply has a one year low of $49.87 and a one year high of $82.68. The company has a quick ratio of 0.24, a current ratio of 1.95 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $8,175.14, a price-to-earnings ratio of 19.80, a PEG ratio of 1.20 and a beta of 1.27.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Monday, February 26th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Friday, February 23rd. Tractor Supply’s dividend payout ratio is currently 32.73%.
In related news, Director Edna Morris sold 1,054 shares of Tractor Supply stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $67.07, for a total value of $70,691.78. Following the completion of the sale, the director now owns 10,949 shares of the company’s stock, valued at $734,349.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Steve K. Barbarick sold 43,076 shares of Tractor Supply stock in a transaction on Monday, December 18th. The stock was sold at an average price of $69.03, for a total value of $2,973,536.28. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.
A number of research firms have recently commented on TSCO. BidaskClub cut Tractor Supply from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Investment Research cut Tractor Supply from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Sanford C. Bernstein restated a “buy” rating on shares of Tractor Supply in a research note on Tuesday, February 27th. BMO Capital Markets raised their target price on Tractor Supply to $73.00 and gave the company a “market perform” rating in a research note on Friday, February 2nd. Finally, Oppenheimer restated a “hold” rating on shares of Tractor Supply in a research note on Thursday, February 1st. Two research 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 has an average rating of “Hold” and a consensus target price of $73.10.
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About Tractor Supply
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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