National Pension Service grew its position in Tractor Supply Company (NASDAQ:TSCO – Free Report) by 10.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 939,521 shares of the specialty retailer’s stock after buying an additional 90,113 shares during the quarter. National Pension Service’s holdings in Tractor Supply were worth $46,985,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in TSCO. Bison Wealth LLC grew its holdings in shares of Tractor Supply by 356.1% during the 4th quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock valued at $341,000 after purchasing an additional 5,017 shares during the last quarter. Woodline Partners LP grew its holdings in shares of Tractor Supply by 40.7% during the 1st quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer’s stock valued at $2,487,000 after purchasing an additional 13,051 shares during the last quarter. Intech Investment Management LLC grew its holdings in shares of Tractor Supply by 26.9% during the 1st quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer’s stock valued at $1,442,000 after purchasing an additional 5,542 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Tractor Supply by 1.2% during the 2nd quarter. Sei Investments Co. now owns 316,009 shares of the specialty retailer’s stock valued at $16,676,000 after purchasing an additional 3,631 shares during the last quarter. Finally, Glenview Trust co grew its holdings in shares of Tractor Supply by 36.0% during the 2nd quarter. Glenview Trust co now owns 19,627 shares of the specialty retailer’s stock valued at $1,036,000 after purchasing an additional 5,194 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.
Tractor Supply Stock Performance
Shares of NASDAQ TSCO opened at $31.53 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.16 and a current ratio of 1.38. Tractor Supply Company has a 52-week low of $29.42 and a 52-week high of $63.99. The firm has a 50 day moving average price of $38.48 and a two-hundred day moving average price of $47.48. The stock has a market cap of $16.54 billion, a P/E ratio of 15.46, a price-to-earnings-growth ratio of 2.36 and a beta of 0.47.
Tractor Supply Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, May 27th. This represents a $0.96 annualized dividend and a dividend yield of 3.0%. Tractor Supply’s dividend payout ratio is 47.06%.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on TSCO shares. Citigroup decreased their price target on shares of Tractor Supply from $55.00 to $46.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Raymond James Financial decreased their price target on shares of Tractor Supply from $60.00 to $48.00 and set an “outperform” rating on the stock in a report on Wednesday, April 22nd. Robert W. Baird set a $60.00 price target on shares of Tractor Supply and gave the company an “outperform” rating in a report on Friday, April 17th. BNP Paribas Exane decreased their price target on shares of Tractor Supply from $58.00 to $45.00 and set an “outperform” rating on the stock in a report on Wednesday, April 22nd. Finally, Wall Street Zen raised shares of Tractor Supply from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Fourteen investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.19.
Check Out Our Latest Report on Tractor Supply
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.
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