Rhumbline Advisers trimmed its position in Tractor Supply (NASDAQ:TSCO) by 4.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 240,730 shares of the specialty retailer’s stock after selling 11,714 shares during the quarter. Rhumbline Advisers owned about 0.20% of Tractor Supply worth $20,087,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of TSCO. Vanguard Group Inc raised its stake in shares of Tractor Supply by 0.3% in the 3rd quarter. Vanguard Group Inc now owns 12,358,247 shares of the specialty retailer’s stock valued at $1,123,118,000 after acquiring an additional 35,414 shares during the period. BlackRock Inc. increased its stake in Tractor Supply by 1.3% during the 3rd quarter. BlackRock Inc. now owns 8,264,123 shares of the specialty retailer’s stock worth $751,040,000 after buying an additional 106,323 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Tractor Supply by 3.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,776,050 shares of the specialty retailer’s stock worth $343,167,000 after buying an additional 140,981 shares during the period. JPMorgan Chase & Co. increased its stake in Tractor Supply by 73.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,339,567 shares of the specialty retailer’s stock worth $212,619,000 after buying an additional 987,193 shares during the period. Finally, Wells Fargo & Company MN increased its stake in Tractor Supply by 21.6% during the 3rd quarter. Wells Fargo & Company MN now owns 1,782,916 shares of the specialty retailer’s stock worth $162,030,000 after buying an additional 316,629 shares during the period. Institutional investors own 85.07% of the company’s stock.
Shares of NASDAQ:TSCO opened at $92.32 on Monday. Tractor Supply has a 52 week low of $58.27 and a 52 week high of $97.65. 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 company has a market capitalization of $11.27 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 1.61 and a beta of 1.08.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 12th. Shareholders of record on Monday, February 25th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Friday, February 22nd. Tractor Supply’s dividend payout ratio is presently 28.77%.
Several brokerages recently weighed in on TSCO. Zacks Investment Research downgraded shares of Tractor Supply from a “buy” rating to a “hold” rating and set a $104.00 target price on the stock. in a research note on Thursday, December 6th. Credit Suisse Group reaffirmed a “hold” rating and set a $85.00 target price on shares of Tractor Supply in a research note on Tuesday, January 29th. Wedbush raised shares of Tractor Supply from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $80.00 to $100.00 in a research note on Friday, October 26th. BidaskClub downgraded shares of Tractor Supply from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. Finally, Oppenheimer reaffirmed a “market perform” rating and set a $100.00 target price on shares of Tractor Supply in a research note on Monday, December 3rd. Eleven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $90.20.
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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