SEB Asset Management AB Buys Shares of 103,839 Tractor Supply Company $TSCO

SEB Asset Management AB purchased a new position in Tractor Supply Company (NASDAQ:TSCO) during the 1st quarter, Holdings Channel reports. The fund purchased 103,839 shares of the specialty retailer’s stock, valued at approximately $4,704,000.

A number of other hedge funds have also recently modified their holdings of TSCO. Goldman Sachs Group Inc. raised its stake in shares of Tractor Supply by 6.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,121,526 shares of the specialty retailer’s stock worth $156,108,000 after buying an additional 184,146 shares during the period. Swedbank AB grew its stake in shares of Tractor Supply by 3.3% during the 4th quarter. Swedbank AB now owns 1,129,182 shares of the specialty retailer’s stock valued at $56,470,000 after acquiring an additional 36,495 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in Tractor Supply by 44.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 727,125 shares of the specialty retailer’s stock worth $36,364,000 after acquiring an additional 222,750 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Tractor Supply by 4.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,103,395 shares of the specialty retailer’s stock worth $56,086,000 after acquiring an additional 46,010 shares during the period. Finally, King Luther Capital Management Corp raised its stake in 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 worth $119,410,000 after acquiring an additional 36,778 shares during the period. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Price Performance

TSCO stock opened at $29.36 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.16 and a current ratio of 1.38. The company’s fifty day moving average price is $30.63 and its 200-day moving average price is $41.45. Tractor Supply Company has a one year low of $28.36 and a one year high of $63.99. The company has a market capitalization of $15.40 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 6.43 and a beta of 0.46.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.04). The company had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The business’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 earnings per share. On average, equities analysts anticipate that Tractor Supply Company will post 2.08 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders 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 3.3%. The ex-dividend date of this dividend was Wednesday, May 27th. Tractor Supply’s dividend payout ratio is 47.06%.

Wall Street Analyst Weigh In

TSCO has been the subject of a number of recent analyst reports. The Goldman Sachs Group dropped their price target on shares of Tractor Supply from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Monday, June 22nd. Citigroup restated a “buy” rating on shares of Tractor Supply in a research note on Thursday, July 16th. Argus dropped their target price on shares of Tractor Supply from $64.00 to $50.00 and set a “buy” rating for the company in a report on Monday, April 27th. Wolfe Research set a $34.00 price target on Tractor Supply in a research note on Thursday, July 16th. Finally, Gordon Haskett raised their price target on Tractor Supply from $40.00 to $50.00 in a report on Friday, June 12th. Thirteen investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $40.88.

Tractor Supply 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.