Envestnet Asset Management Inc. grew its holdings in Tractor Supply Company (NASDAQ:TSCO) by 46.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 201,329 shares of the specialty retailer’s stock after purchasing an additional 63,698 shares during the period. Envestnet Asset Management Inc. owned about 0.16% of Tractor Supply worth $12,743,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of TSCO. Ameriprise Financial Inc. increased its holdings in shares of Tractor Supply by 7,599.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,230,168 shares of the specialty retailer’s stock worth $229,319,000 after purchasing an additional 4,175,224 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Tractor Supply by 531.0% in the second quarter. Janus Henderson Group PLC now owns 2,136,401 shares of the specialty retailer’s stock worth $115,813,000 after acquiring an additional 1,797,802 shares during the period. Parametric Portfolio Associates LLC grew its holdings in shares of Tractor Supply by 328.2% in the second quarter. Parametric Portfolio Associates LLC now owns 1,072,446 shares of the specialty retailer’s stock worth $58,137,000 after acquiring an additional 821,979 shares during the period. Permian Investment Partners LP bought a new stake in shares of Tractor Supply in the second quarter worth $38,901,000. Finally, Fiera Capital Corp grew its holdings in shares of Tractor Supply by 14.9% in the second quarter. Fiera Capital Corp now owns 3,700,846 shares of the specialty retailer’s stock worth $200,623,000 after acquiring an additional 480,717 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.
TSCO has been the subject of several research analyst reports. Robert W. Baird set a $62.00 price objective on Tractor Supply and gave the stock a “buy” rating in a report on Friday, August 25th. Bank of America reaffirmed a “buy” rating and issued a $69.00 price objective on shares of Tractor Supply in a report on Tuesday, September 5th. Credit Suisse Group reaffirmed a “hold” rating and issued a $54.00 price objective on shares of Tractor Supply in a report on Wednesday, September 13th. Zacks Investment Research raised Tractor Supply from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, BMO Capital Markets lifted their price objective on Tractor Supply from $58.00 to $61.00 and gave the stock a “market perform” rating in a report on Wednesday, September 27th. Seventeen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $66.26.
Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Wednesday, October 25th. The specialty retailer reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the previous year, the business earned $0.67 earnings per share. The business’s revenue was up 11.6% on a year-over-year basis. sell-side analysts predict that Tractor Supply Company will post 3.28 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Monday, November 20th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, November 17th. This represents a $1.08 annualized dividend and a dividend yield of 1.61%. Tractor Supply’s payout ratio is 32.05%.
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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