Mariner Wealth Advisors LLC increased its stake in shares of Tractor Supply (NASDAQ:TSCO) by 3.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 24,787 shares of the specialty retailer’s stock after acquiring an additional 856 shares during the period. Mariner Wealth Advisors LLC’s holdings in Tractor Supply were worth $1,853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. BlackRock Inc. grew its stake in Tractor Supply by 0.9% during the 4th quarter. BlackRock Inc. now owns 8,125,064 shares of the specialty retailer’s stock worth $607,347,000 after buying an additional 68,965 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Tractor Supply by 1.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,413,006 shares of the specialty retailer’s stock worth $405,879,000 after buying an additional 114,539 shares during the last quarter. Janus Henderson Group PLC grew its stake in Tractor Supply by 138.6% during the 3rd quarter. Janus Henderson Group PLC now owns 5,096,520 shares of the specialty retailer’s stock worth $322,558,000 after buying an additional 2,960,119 shares during the last quarter. Wells Fargo & Company MN grew its stake in Tractor Supply by 10.8% during the 3rd quarter. Wells Fargo & Company MN now owns 1,715,032 shares of the specialty retailer’s stock worth $108,545,000 after buying an additional 167,097 shares during the last quarter. Finally, Turtle Creek Asset Management Inc. grew its stake in Tractor Supply by 33.3% during the 3rd quarter. Turtle Creek Asset Management Inc. now owns 1,237,936 shares of the specialty retailer’s stock worth $78,349,000 after buying an additional 309,036 shares during the last quarter. Hedge funds and other institutional investors own 87.83% of the company’s stock.
Shares of Tractor Supply (NASDAQ TSCO) opened at $67.22 on Wednesday. The company has a quick ratio of 0.24, a current ratio of 1.95 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $8,453.00, a price-to-earnings ratio of 20.16, a PEG ratio of 1.24 and a beta of 1.17. Tractor Supply has a twelve month low of $49.87 and a twelve month high of $82.68.
Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Wednesday, January 31st. The specialty retailer reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.04. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.93 billion. Tractor Supply had a return on equity of 30.81% and a net margin of 5.82%. The company’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.94 earnings per share. analysts forecast that Tractor Supply will post 4.1 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Monday, February 26th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $1.08 annualized dividend and a dividend yield of 1.61%. Tractor Supply’s dividend payout ratio (DPR) is 32.73%.
TSCO has been the subject of a number of recent research reports. Oppenheimer restated a “hold” rating on shares of Tractor Supply in a research note on Thursday, October 26th. Zacks Investment Research downgraded Tractor Supply from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Credit Suisse Group set a $52.00 price objective on Tractor Supply and gave the stock a “hold” rating in a research note on Thursday, October 26th. Telsey Advisory Group downgraded Tractor Supply from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $62.00 to $83.00 in a research note on Thursday, January 25th. They noted that the move was a valuation call. Finally, BidaskClub downgraded Tractor Supply from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $72.85.
In other news, CMO Steve K. Barbarick sold 43,076 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $69.03, for a total value of $2,973,536.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edna Morris sold 1,054 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $67.07, for a total value 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 disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
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Tractor Supply Company 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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