WCM Investment Management CA Increases Holdings in Tractor Supply Company (TSCO)

WCM Investment Management CA raised its position in Tractor Supply Company (NASDAQ:TSCO) by 78.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 943,470 shares of the specialty retailer’s stock after purchasing an additional 413,499 shares during the period. Tractor Supply accounts for approximately 0.8% of WCM Investment Management CA’s portfolio, making the stock its 24th biggest holding. WCM Investment Management CA owned approximately 0.74% of Tractor Supply worth $59,712,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Global X MANAGEMENT CO LLC lifted its holdings in Tractor Supply by 191.7% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,785 shares of the specialty retailer’s stock valued at $113,000 after purchasing an additional 1,173 shares in the last quarter. Commonwealth Bank of Australia lifted its holdings 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 purchasing an additional 317 shares in the last quarter. Penserra Capital Management LLC purchased a new position in Tractor Supply in the 2nd quarter valued at $139,000. Bristlecone Advisors LLC purchased a new position in Tractor Supply in the 3rd quarter valued at $173,000. Finally, Bronfman E.L. Rothschild L.P. lifted its holdings in Tractor Supply by 33.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,325 shares of the specialty retailer’s stock valued at $180,000 after purchasing an additional 828 shares in the last quarter. Institutional investors own 92.95% of the company’s stock.

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Tractor Supply Company (NASDAQ TSCO) traded down $1.34 during midday trading on Tuesday, reaching $61.33. The company’s stock had a trading volume of 1,439,800 shares, compared to its average volume of 2,218,161. The firm has a market cap of $7,869.12, a P/E ratio of 18.60, a P/E/G ratio of 1.37 and a beta of 1.29. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 2.00. Tractor Supply Company has a 52 week low of $49.87 and a 52 week high of $78.25.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.04. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.68 billion. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. Tractor Supply’s revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.67 EPS. sell-side analysts anticipate that Tractor Supply Company will post 3.28 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Monday, November 20th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.76%. The ex-dividend date is Friday, November 17th. Tractor Supply’s dividend payout ratio is currently 32.05%.

TSCO has been the topic of a number of research reports. Bank of America Corporation restated a “buy” rating and issued a $69.00 price objective on shares of Tractor Supply in a report on Tuesday, September 5th. 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. Guggenheim reiterated a “buy” rating and set a $70.00 price target (down previously from $80.00) on shares of Tractor Supply in a report on Thursday, July 27th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Tractor Supply in a report on Thursday, July 27th. Finally, 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. Fifteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Tractor Supply currently has a consensus rating of “Hold” and an average price target of $68.63.

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.

Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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