Capital World Investors increased its position in Tractor Supply Company (NASDAQ:TSCO – Free Report) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,157,047 shares of the specialty retailer’s stock after acquiring an additional 336,040 shares during the period. Capital World Investors owned approximately 2.87% of Tractor Supply worth $758,004,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of TSCO. Capital International Inc. CA lifted its holdings in Tractor Supply by 6.3% in the fourth quarter. Capital International Inc. CA now owns 447,149 shares of the specialty retailer’s stock worth $22,362,000 after purchasing an additional 26,545 shares during the period. Capital International Investors lifted its holdings in Tractor Supply by 3.9% in the 4th quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer’s stock valued at $1,214,390,000 after acquiring an additional 902,659 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in Tractor Supply in the 4th quarter valued at about $127,000. Havemeyer Place LP purchased a new stake in Tractor Supply during the fourth quarter valued at about $152,000. Finally, 111 Capital purchased a new stake in Tractor Supply during the fourth quarter valued at about $228,000. Institutional investors and hedge funds own 98.72% of the company’s stock.
Tractor Supply Stock Performance
NASDAQ:TSCO opened at $29.78 on Monday. The stock’s 50 day moving average price is $36.90 and its 200 day moving average price is $46.58. Tractor Supply Company has a 52 week low of $28.36 and a 52 week high of $63.99. The company has a market capitalization of $15.62 billion, a P/E ratio of 14.60, a P/E/G ratio of 2.23 and a beta of 0.47. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.16 and a current ratio of 1.38.
Tractor Supply Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.2%. The ex-dividend date is Wednesday, May 27th. Tractor Supply’s dividend payout ratio (DPR) is 47.06%.
Analyst Ratings Changes
A number of research firms have commented on TSCO. Wells Fargo & Company reduced their price objective on shares of Tractor Supply from $55.00 to $47.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Daiwa Securities Group reduced their price objective on shares of Tractor Supply from $52.00 to $41.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Gordon Haskett reduced their price objective on shares of Tractor Supply from $50.00 to $40.00 and set a “hold” rating for the company in a research note on Wednesday, April 22nd. Bank of America began coverage on shares of Tractor Supply in a research note on Tuesday, April 7th. They set a “neutral” rating and a $47.00 price objective for the company. Finally, UBS Group reduced their price objective on shares of Tractor Supply from $55.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. Fourteen investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.81.
Check Out Our Latest Stock Analysis on Tractor Supply
About Tractor Supply
Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.
Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.
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