Amalgamated Bank raised its holdings in Tractor Supply (NASDAQ:TSCO) by 7.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 16,593 shares of the specialty retailer’s stock after purchasing an additional 1,118 shares during the quarter. Amalgamated Bank’s holdings in Tractor Supply were worth $1,240,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Calton & Associates Inc. bought a new stake in Tractor Supply in the 4th quarter valued at about $109,000. Global X MANAGEMENT CO LLC boosted 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 during the period. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Tractor Supply in the 4th quarter valued at about $187,000. Advisor Partners LLC bought a new stake in Tractor Supply in the 4th quarter valued at about $207,000. Finally, CAPROCK Group Inc. bought a new stake in Tractor Supply in the 4th quarter valued at about $214,000. 83.43% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Edna Morris sold 1,054 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $67.07, for a total transaction of $70,691.78. Following the completion of the transaction, the director now directly owns 10,949 shares in the company, valued at approximately $734,349.43. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Steve K. Barbarick sold 43,076 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $69.03, for a total transaction of $2,973,536.28. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.
Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Wednesday, January 31st. The specialty retailer reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.04. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Tractor Supply had a net margin of 5.82% and a return on equity of 30.81%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.94 EPS. analysts anticipate that Tractor Supply will post 4.1 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Monday, February 26th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Friday, February 23rd. Tractor Supply’s dividend payout ratio is 32.34%.
A number of analysts have issued reports on TSCO shares. Moffett Nathanson started coverage on shares of Tractor Supply in a report on Monday, December 4th. They issued a “neutral” rating for the company. TheStreet raised shares of Tractor Supply from a “c+” rating to a “b” rating in a report on Wednesday, December 20th. BidaskClub upgraded shares of Tractor Supply from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 6th. Zacks Investment Research upgraded shares of Tractor Supply from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research report on Tuesday, December 26th. Finally, Wolfe Research upgraded shares of Tractor Supply from a “market perform” rating to an “outperform” rating in a research report on Wednesday, December 20th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $73.10.
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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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