Amalgamated Bank raised its holdings in Tractor Supply (NASDAQ:TSCO) by 7.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,593 shares of the specialty retailer’s stock after buying an additional 1,118 shares during the period. Amalgamated Bank’s holdings in Tractor Supply were worth $1,240,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Calton & Associates Inc. acquired a new stake in Tractor Supply in the 4th quarter valued at $109,000. Global X MANAGEMENT CO LLC increased its stake in 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 buying an additional 1,173 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Tractor Supply in the 4th quarter valued at $187,000. Advisor Partners LLC acquired a new stake in Tractor Supply in the 4th quarter valued at $207,000. Finally, Kelman Lazarov Inc. acquired a new stake in Tractor Supply in the 4th quarter valued at $209,000. Hedge funds and other institutional investors own 83.43% of the company’s stock.
Several equities research analysts have issued reports on the stock. BidaskClub lowered shares of Tractor Supply from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 25th. Telsey Advisory Group lowered shares of Tractor Supply from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $62.00 to $83.00 in a research note on Thursday, January 25th. They noted that the move was a valuation call. Guggenheim reiterated a “buy” rating and issued a $88.00 price target on shares of Tractor Supply in a research note on Tuesday, January 16th. Zacks Investment Research upgraded shares of Tractor Supply from a “hold” rating to a “strong-buy” rating and set a $89.00 price target on the stock in a research note on Monday, January 8th. Finally, Stephens set a $79.00 price target on shares of Tractor Supply and gave the company a “hold” rating in a research note on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $73.10.
Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Wednesday, January 31st. The specialty retailer reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.93 billion. Tractor Supply had a net margin of 5.82% and a return on equity of 30.81%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.94 EPS. sell-side analysts expect that Tractor Supply will post 4.1 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Monday, February 26th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Friday, February 23rd. Tractor Supply’s payout ratio is 32.34%.
In related news, Director Edna Morris sold 1,054 shares of Tractor Supply stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $67.07, for a total transaction of $70,691.78. Following the completion of the sale, the director now owns 10,949 shares of the company’s stock, valued at approximately $734,349.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Steve K. Barbarick sold 43,076 shares of Tractor Supply 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. Insiders own 1.20% of the company’s stock.
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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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