GAM Holding AG Has $1.04 Million Stake in Tractor Supply (TSCO)

GAM Holding AG increased its position in Tractor Supply (NASDAQ:TSCO) by 158.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,463 shares of the specialty retailer’s stock after acquiring an additional 7,034 shares during the quarter. GAM Holding AG’s holdings in Tractor Supply were worth $1,042,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. boosted its position in shares of Tractor Supply by 3.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 19,663 shares of the specialty retailer’s stock valued at $1,787,000 after acquiring an additional 626 shares during the period. Private Capital Group LLC boosted its position in shares of Tractor Supply by 66.1% in the third quarter. Private Capital Group LLC now owns 1,648 shares of the specialty retailer’s stock valued at $149,000 after acquiring an additional 656 shares during the period. NumerixS Investment Technologies Inc boosted its position in shares of Tractor Supply by 58.3% in the second quarter. NumerixS Investment Technologies Inc now owns 1,900 shares of the specialty retailer’s stock valued at $148,000 after acquiring an additional 700 shares during the period. First National Bank of Omaha boosted its position in shares of Tractor Supply by 23.5% in the third quarter. First National Bank of Omaha now owns 3,680 shares of the specialty retailer’s stock valued at $334,000 after acquiring an additional 700 shares during the period. Finally, AXA boosted its position in shares of Tractor Supply by 0.4% in the third quarter. AXA now owns 160,754 shares of the specialty retailer’s stock valued at $14,609,000 after acquiring an additional 700 shares during the period. Institutional investors own 81.93% of the company’s stock.

TSCO has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Tractor Supply from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a research report on Tuesday, August 28th. BidaskClub upgraded shares of Tractor Supply from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 29th. Royal Bank of Canada upgraded shares of Tractor Supply from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 25th. Oppenheimer raised their price objective on shares of Tractor Supply from $80.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, August 17th. Finally, ValuEngine upgraded shares of Tractor Supply from a “hold” rating to a “buy” rating in a research report on Tuesday, August 14th. Twelve analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $88.05.

In other Tractor Supply news, COO Steve K. Barbarick sold 21,257 shares of Tractor Supply stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $89.12, for a total transaction of $1,894,423.84. Following the transaction, the chief operating officer now directly owns 78,210 shares of the company’s stock, valued at $6,970,075.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Robert D. Mills sold 20,278 shares of Tractor Supply stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $97.10, for a total transaction of $1,968,993.80. Following the transaction, the executive vice president now directly owns 31,826 shares in the company, valued at $3,090,304.60. The disclosure for this sale can be found here. Insiders have sold 86,605 shares of company stock worth $8,041,912 over the last three months. Insiders own 1.60% of the company’s stock.

Shares of TSCO opened at $88.79 on Friday. The company has a market capitalization of $11.35 billion, a P/E ratio of 26.66, a P/E/G ratio of 1.78 and a beta of 1.22. The company has a current ratio of 1.99, a quick ratio of 0.21 and a debt-to-equity ratio of 0.39. Tractor Supply has a 1-year low of $58.27 and a 1-year high of $97.65.

Tractor Supply (NASDAQ:TSCO) last announced its 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. The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.82 billion. Tractor Supply had a net margin of 6.54% and a return on equity of 36.23%. On average, analysts anticipate that Tractor Supply will post 4.29 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 11th. Shareholders of record on Monday, November 26th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend 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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About Tractor Supply

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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Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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