Aurora Investment Counsel purchased a new stake in shares of Tractor Supply (NASDAQ:TSCO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,720 shares of the specialty retailer’s stock, valued at approximately $2,296,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Atlantic Trust Group LLC grew its position in Tractor Supply by 1.2% in the 3rd quarter. Atlantic Trust Group LLC now owns 133,871 shares of the specialty retailer’s stock worth $8,472,000 after purchasing an additional 1,530 shares during the period. IFM Investors Pty Ltd bought a new stake in Tractor Supply in the 3rd quarter worth approximately $259,000. Fieldpoint Private Securities LLC bought a new stake in Tractor Supply in the 3rd quarter worth approximately $242,000. Griffin Asset Management Inc. bought a new stake in Tractor Supply in the 3rd quarter worth approximately $3,317,000. Finally, California Public Employees Retirement System grew its position in Tractor Supply by 2.1% in the 3rd quarter. California Public Employees Retirement System now owns 278,078 shares of the specialty retailer’s stock worth $17,600,000 after purchasing an additional 5,778 shares during the period. 92.33% of the stock is owned by institutional investors.
Several brokerages have recently weighed in on TSCO. Northcoast Research reiterated a “buy” rating on shares of Tractor Supply in a research note on Wednesday. Zacks Investment Research upgraded shares of Tractor Supply from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Tuesday, December 26th. TheStreet upgraded shares of Tractor Supply from a “c+” rating to a “b” rating in a research note on Wednesday, December 20th. BidaskClub upgraded shares of Tractor Supply from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Finally, Wolfe Research upgraded shares of Tractor Supply from a “market perform” rating to an “outperform” rating in a research note on Wednesday, December 20th. Fifteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Tractor Supply has a consensus rating of “Hold” and an average price target of $67.10.
Tractor Supply (NASDAQ TSCO) traded up $0.57 on Thursday, hitting $76.25. 786,000 shares of the company were exchanged, compared to its average volume of 1,188,000. 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 has a 52 week low of $49.87 and a 52 week high of $78.25. The stock has a market cap of $9,600.00, a PE ratio of 22.63, a price-to-earnings-growth ratio of 1.53 and a beta of 1.31.
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 analysts’ consensus estimates of $0.68 by $0.04. Tractor Supply had a net margin of 6.04% and a return on equity of 31.25%. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the previous year, the company earned $0.67 EPS. Tractor Supply’s revenue for the quarter was up 11.6% on a year-over-year basis. equities research analysts anticipate that Tractor Supply will post 3.28 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Monday, November 20th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.42%. The ex-dividend date was Friday, November 17th. Tractor Supply’s payout ratio is currently 32.05%.
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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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