TD Asset Management Inc. lessened its stake in Tractor Supply (NASDAQ:TSCO) by 1.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 48,881 shares of the specialty retailer’s stock after selling 897 shares during the quarter. TD Asset Management Inc.’s holdings in Tractor Supply were worth $4,079,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Creative Planning raised its stake in shares of Tractor Supply by 6.5% in the fourth quarter. Creative Planning now owns 9,883 shares of the specialty retailer’s stock valued at $825,000 after acquiring an additional 605 shares during the period. Crossmark Global Holdings Inc. raised its stake in shares of Tractor Supply by 59.9% in the fourth quarter. Crossmark Global Holdings Inc. now owns 20,891 shares of the specialty retailer’s stock valued at $1,743,000 after acquiring an additional 7,823 shares during the period. Wedge Capital Management L L P NC purchased a new stake in shares of Tractor Supply in the fourth quarter valued at $32,421,000. WESPAC Advisors LLC purchased a new stake in shares of Tractor Supply in the fourth quarter valued at $320,000. Finally, KBC Group NV raised its stake in shares of Tractor Supply by 2.5% in the fourth quarter. KBC Group NV now owns 24,960 shares of the specialty retailer’s stock valued at $2,083,000 after acquiring an additional 617 shares during the period. 85.07% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ TSCO opened at $97.58 on Friday. The company has a current ratio of 1.91, a quick ratio of 0.22 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $11.91 billion, a PE ratio of 22.64, a P/E/G ratio of 1.67 and a beta of 1.08. Tractor Supply has a 12 month low of $58.27 and a 12 month high of $97.65.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 12th. Shareholders of record on Monday, February 25th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Friday, February 22nd. Tractor Supply’s payout ratio is 28.77%.
TSCO has been the topic of several recent analyst reports. BidaskClub raised shares of Tractor Supply from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Wells Fargo & Co reissued a “buy” rating on shares of Tractor Supply in a research note on Thursday, October 25th. Zacks Investment Research raised shares of Tractor Supply from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research note on Wednesday, November 21st. Wedbush set a $105.00 price target on shares of Tractor Supply and gave the stock a “buy” rating in a report on Monday, December 10th. Finally, Deutsche Bank upgraded shares of Tractor Supply from a “hold” rating to a “buy” rating and upped their price target for the stock from $94.00 to $107.00 in a report on Thursday, December 13th. Eleven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Tractor Supply presently has a consensus rating of “Buy” and a consensus target price of $90.50.
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Tractor Supply Company Profile
Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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