Stephens Investment Management Group LLC lifted its stake in shares of Tractor Supply Company (NASDAQ:TSCO – Free Report) by 11.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,516,861 shares of the specialty retailer’s stock after buying an additional 153,921 shares during the period. Stephens Investment Management Group LLC’s holdings in Tractor Supply were worth $68,714,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its position in shares of Tractor Supply by 6.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,121,526 shares of the specialty retailer’s stock valued at $156,108,000 after purchasing an additional 184,146 shares in the last quarter. Swedbank AB raised its holdings in Tractor Supply by 3.3% in the fourth quarter. Swedbank AB now owns 1,129,182 shares of the specialty retailer’s stock worth $56,470,000 after purchasing an additional 36,495 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Tractor Supply by 44.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 727,125 shares of the specialty retailer’s stock valued at $36,364,000 after buying an additional 222,750 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Tractor Supply by 4.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,103,395 shares of the specialty retailer’s stock valued at $56,086,000 after buying an additional 46,010 shares during the period. Finally, King Luther Capital Management Corp boosted its holdings in shares of Tractor Supply by 1.6% during the 4th quarter. King Luther Capital Management Corp now owns 2,387,723 shares of the specialty retailer’s stock valued at $119,410,000 after buying an additional 36,778 shares in the last quarter. 98.72% of the stock is owned by institutional investors.
Tractor Supply Price Performance
NASDAQ TSCO opened at $31.76 on Friday. Tractor Supply Company has a one year low of $28.36 and a one year high of $63.99. The stock has a 50-day moving average of $31.46 and a 200 day moving average of $43.46. The company has a market capitalization of $16.66 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 2.41 and a beta of 0.46. 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 Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Wednesday, May 27th. Tractor Supply’s payout ratio is presently 47.06%.
Analysts Set New Price Targets
A number of analysts have recently commented on the company. Bank of America began coverage on Tractor Supply in a research report on Tuesday, April 7th. They issued a “neutral” rating and a $47.00 price target on the stock. Evercore cut their price objective on shares of Tractor Supply from $50.00 to $45.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 19th. DA Davidson reduced their price objective on shares of Tractor Supply from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, June 22nd. Loop Capital decreased their target price on shares of Tractor Supply from $41.00 to $35.00 and set a “hold” rating for the company in a report on Tuesday, June 16th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Tractor Supply from $55.00 to $48.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Tractor Supply currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.50.
View Our Latest Analysis on Tractor Supply
Tractor Supply Company Profile
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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