Meadow Creek Investment Management LLC trimmed its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 53.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136,136 shares of the specialty retailer’s stock after selling 154,572 shares during the quarter. Meadow Creek Investment Management LLC owned approximately 0.11% of Tractor Supply worth $10,176,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. IFM Investors Pty Ltd acquired a new position in shares of Tractor Supply during the 3rd quarter worth approximately $259,000. Nordea Investment Management AB raised its stake in shares of Tractor Supply by 7.3% during the 3rd quarter. Nordea Investment Management AB now owns 64,781 shares of the specialty retailer’s stock worth $4,100,000 after buying an additional 4,396 shares during the period. Asset Management One Co. Ltd. raised its stake in shares of Tractor Supply by 3.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 207,739 shares of the specialty retailer’s stock worth $13,145,000 after buying an additional 6,218 shares during the period. Hosking Partners LLP raised its stake in shares of Tractor Supply by 0.7% during the 3rd quarter. Hosking Partners LLP now owns 478,089 shares of the specialty retailer’s stock worth $30,258,000 after buying an additional 3,220 shares during the period. Finally, Vident Investment Advisory LLC acquired a new position in shares of Tractor Supply during the 3rd quarter worth approximately $479,000. 83.43% of the stock is owned by institutional investors and hedge funds.
TSCO has been the subject of several research analyst reports. Oppenheimer reaffirmed a “hold” rating on shares of Tractor Supply in a research note on Thursday, February 1st. Zacks Investment Research downgraded Tractor Supply from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Telsey Advisory Group downgraded Tractor Supply from an “outperform” rating to a “market perform” rating and increased their price objective 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. BidaskClub downgraded Tractor Supply from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 25th. Finally, Wolfe Research raised Tractor Supply from a “market perform” rating to an “outperform” rating in a research note on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $73.10.
Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Tractor Supply had a return on equity of 30.81% and a net margin of 5.82%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same period last year, the company earned $0.94 EPS. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. sell-side analysts anticipate that Tractor Supply will post 4.1 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 13th. Shareholders of record on Monday, February 26th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend was Friday, February 23rd. Tractor Supply’s dividend payout ratio (DPR) is presently 32.73%.
In other news, CMO Steve K. Barbarick sold 43,076 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $69.03, for a total transaction of $2,973,536.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Edna Morris sold 1,054 shares of the 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 transaction, the director now owns 10,949 shares of the company’s stock, valued at $734,349.43. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.
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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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