Gamco Investors INC. ET AL decreased its position in Tractor Supply Company (NASDAQ:TSCO) by 4.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 107,900 shares of the specialty retailer’s stock after selling 5,000 shares during the period. Gamco Investors INC. ET AL owned 0.09% of Tractor Supply worth $6,829,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of TSCO. Commonwealth Bank of Australia increased its stake in Tractor Supply by 15.4% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock valued at $128,000 after buying an additional 317 shares during the last quarter. Penserra Capital Management LLC purchased a new stake in Tractor Supply in the 2nd quarter valued at about $139,000. Bristlecone Advisors LLC purchased a new stake in Tractor Supply in the 3rd quarter valued at about $173,000. Bronfman E.L. Rothschild L.P. increased its stake in shares of Tractor Supply by 33.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,325 shares of the specialty retailer’s stock worth $180,000 after purchasing an additional 828 shares during the last quarter. Finally, Globeflex Capital L P purchased a new stake in shares of Tractor Supply during the 2nd quarter worth approximately $206,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.
Tractor Supply Company (TSCO) opened at $62.67 on Friday. The company has a quick ratio of 0.17, a current ratio of 2.00 and a debt-to-equity ratio of 0.38. Tractor Supply Company has a fifty-two week low of $49.87 and a fifty-two week high of $78.25. The company has a market cap of $7,869.10, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 1.37 and a beta of 1.29.
Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. Tractor Supply had a net margin of 6.04% and a return on equity of 31.25%. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period last year, the firm earned $0.67 EPS. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. equities research analysts anticipate that Tractor Supply Company will post 3.28 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Monday, November 20th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Friday, November 17th. Tractor Supply’s payout ratio is 32.05%.
TSCO has been the subject of several research analyst reports. Bank of America Corporation restated a “buy” rating and set a $69.00 price target on shares of Tractor Supply in a research note on Tuesday, September 5th. Barclays PLC restated an “overweight” rating and set a $70.00 price target (down previously from $90.00) on shares of Tractor Supply in a research note on Saturday, July 22nd. Credit Suisse Group restated a “hold” rating and set a $54.00 price target on shares of Tractor Supply in a research note on Wednesday, September 13th. Zacks Investment Research lowered shares of Tractor Supply from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Finally, Guggenheim restated a “buy” rating and set a $70.00 price target (down previously from $80.00) on shares of Tractor Supply in a research note on Thursday, July 27th. Fifteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Tractor Supply currently has an average rating of “Hold” and an average target price of $68.63.
Tractor Supply 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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