Aviva PLC reduced its position in shares of Tractor Supply (NASDAQ:TSCO) by 4.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 59,499 shares of the specialty retailer’s stock after selling 2,860 shares during the period. Aviva PLC’s holdings in Tractor Supply were worth $5,407,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of TSCO. Boston Partners bought a new stake in shares of Tractor Supply during the 2nd quarter worth $118,735,000. JPMorgan Chase & Co. boosted its holdings in shares of Tractor Supply by 73.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,339,567 shares of the specialty retailer’s stock worth $212,619,000 after buying an additional 987,193 shares during the period. Morgan Stanley boosted its holdings in shares of Tractor Supply by 211.2% during the 2nd quarter. Morgan Stanley now owns 1,244,467 shares of the specialty retailer’s stock worth $95,190,000 after buying an additional 844,609 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Tractor Supply by 12.3% during the 2nd quarter. Janus Henderson Group PLC now owns 4,473,406 shares of the specialty retailer’s stock worth $342,171,000 after buying an additional 488,863 shares during the period. Finally, Jennison Associates LLC bought a new stake in shares of Tractor Supply during the 2nd quarter worth $26,142,000. 81.93% of the stock is owned by institutional investors and hedge funds.
Several research firms recently issued reports on TSCO. BidaskClub downgraded shares of Tractor Supply from a “strong-buy” rating to a “buy” rating in a report on Friday, October 5th. Wedbush raised shares of Tractor Supply from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $80.00 to $100.00 in a report on Friday, October 26th. Zacks Investment Research downgraded shares of Tractor Supply from a “buy” rating to a “hold” rating and set a $104.00 price objective for the company. in a report on Thursday. Telsey Advisory Group reaffirmed an “outperform” rating and set a $92.00 price objective (up from $85.00) on shares of Tractor Supply in a report on Saturday, October 27th. Finally, Robert W. Baird upped their price objective on shares of Tractor Supply from $97.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, October 26th. Twelve research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Tractor Supply currently has a consensus rating of “Buy” and an average price target of $88.05.
In other news, EVP Benjamin F. Parrish, Jr. sold 25,252 shares of the firm’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $89.62, for a total transaction of $2,263,084.24. Following the completion of the transaction, the executive vice president now directly owns 28,700 shares of the company’s stock, valued at approximately $2,572,094. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Chad Michael Frazell sold 19,818 shares of the firm’s stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $96.65, for a total transaction of $1,915,409.70. Following the transaction, the senior vice president now directly owns 28,961 shares of the company’s stock, valued at $2,799,080.65. The disclosure for this sale can be found here. Over the last three months, insiders sold 86,605 shares of company stock valued at $8,041,912. Insiders own 1.60% of the company’s stock.
Shares of Tractor Supply stock opened at $88.79 on Friday. The company has a quick ratio of 0.21, a current ratio of 1.99 and a debt-to-equity ratio of 0.39. Tractor Supply has a fifty-two week low of $58.27 and a fifty-two week high of $97.65. The firm has a market capitalization of $11.35 billion, a price-to-earnings ratio of 26.66, a P/E/G ratio of 1.78 and a beta of 1.22.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, October 25th. The specialty retailer reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. Tractor Supply had a net margin of 6.54% and a return on equity of 36.23%. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.82 billion. On average, equities research analysts expect that Tractor Supply will post 4.29 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 11th. Shareholders of record on Monday, November 26th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Friday, November 23rd. Tractor Supply’s dividend payout ratio (DPR) is presently 37.24%.
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Tractor Supply Profile
Tractor Supply Company operates rural lifestyle retail stores 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.
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