Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lessened its stake in Tractor Supply Company (NASDAQ:TSCO) by 30.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,330 shares of the specialty retailer’s stock after selling 8,131 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Tractor Supply were worth $1,160,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Commonwealth Bank of Australia lifted its holdings in Tractor Supply by 15.4% during the second quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock worth $128,000 after acquiring an additional 317 shares during the period. Penserra Capital Management LLC bought a new stake in Tractor Supply during the second quarter worth $139,000. Bristlecone Advisors LLC bought a new stake in Tractor Supply during the third quarter worth $173,000. Bronfman E.L. Rothschild L.P. lifted its holdings in Tractor Supply by 33.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,325 shares of the specialty retailer’s stock worth $180,000 after acquiring an additional 828 shares during the period. Finally, Palisade Asset Management LLC bought a new stake in Tractor Supply during the third quarter worth $214,000. Institutional investors own 92.95% of the company’s stock.
A number of analysts recently commented on TSCO shares. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Tractor Supply in a report on Thursday, October 26th. Piper Jaffray Companies set a $55.00 price target on Tractor Supply and gave the stock a “hold” rating in a report on Tuesday, July 25th. BidaskClub upgraded Tractor Supply from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Credit Suisse Group set a $52.00 price target on Tractor Supply and gave the stock a “hold” rating in a report on Thursday, October 26th. Finally, Robert W. Baird set a $62.00 price target on Tractor Supply and gave the stock a “buy” rating in a report on Friday, August 25th. Fifteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Tractor Supply presently has a consensus rating of “Hold” and an average target price of $68.63.
Tractor Supply Company (NASDAQ TSCO) opened at $61.33 on Tuesday. The firm has a market capitalization of $7,869.12, a price-to-earnings ratio of 18.60, a PEG ratio of 1.37 and a beta of 1.29. Tractor Supply Company has a 52-week low of $49.87 and a 52-week high of $78.25. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.00 and a quick ratio of 0.17.
Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.04. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the previous year, the business earned $0.67 earnings per share. The firm’s revenue was up 11.6% on a year-over-year basis. analysts anticipate that Tractor Supply Company will post 3.28 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Monday, November 20th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.76%. The ex-dividend date is Friday, November 17th. Tractor Supply’s payout ratio is 32.05%.
About Tractor Supply
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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