Tandem Investment Advisors Inc. purchased a new stake in Tractor Supply Company (NASDAQ:TSCO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 52,087 shares of the company’s stock, valued at approximately $3,949,000. Tractor Supply Company makes up approximately 1.9% of Tandem Investment Advisors Inc.’s holdings, making the stock its 28th largest position.
A number of other large investors also recently made changes to their positions in TSCO. Sumitomo Mitsui Asset Management Company LTD raised its stake in Tractor Supply Company by 1.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 10,147 shares of the company’s stock valued at $925,000 after buying an additional 182 shares during the last quarter. Kalmar Investments Inc. DE raised its stake in Tractor Supply Company by 26.0% in the second quarter. Kalmar Investments Inc. DE now owns 288,860 shares of the company’s stock valued at $26,338,000 after buying an additional 59,660 shares during the last quarter. Nordea Investment Management AB raised its stake in Tractor Supply Company by 399.5% in the second quarter. Nordea Investment Management AB now owns 27,224 shares of the company’s stock valued at $2,482,000 after buying an additional 21,774 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Tractor Supply Company by 11.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,505 shares of the company’s stock valued at $1,323,000 after buying an additional 1,450 shares during the last quarter. Finally, Todd Asset Management LLC purchased a new stake in Tractor Supply Company during the second quarter valued at about $13,853,000. 86.37% of the stock is currently owned by institutional investors.
Tractor Supply Company (NASDAQ:TSCO) traded down 1.47% during midday trading on Monday, hitting $73.16. 1,050,285 shares of the stock traded hands. The company’s 50-day moving average is $75.06 and its 200-day moving average is $74.91. Tractor Supply Company has a one year low of $61.50 and a one year high of $97.25. The company has a market cap of $9.60 billion, a PE ratio of 22.37 and a beta of 1.24.
Tractor Supply Company (NASDAQ:TSCO) last announced its quarterly earnings data on Wednesday, February 1st. The company reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.02. The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Tractor Supply Company had a net margin of 6.45% and a return on equity of 30.29%. The business’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 EPS. Equities research analysts expect that Tractor Supply Company will post $3.50 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 14th. Shareholders of record on Monday, February 27th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.31%. Tractor Supply Company’s payout ratio is 29.36%.
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A number of brokerages recently weighed in on TSCO. Deutsche Bank AG set a $72.00 price target on shares of Tractor Supply Company and gave the company a “hold” rating in a research note on Thursday, February 2nd. Zacks Investment Research raised shares of Tractor Supply Company from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Tuesday, January 17th. Wedbush raised shares of Tractor Supply Company from a “neutral” rating to an “outperform” rating and raised their price target for the company from $65.00 to $85.00 in a research note on Friday, January 13th. TheStreet lowered shares of Tractor Supply Company from a “buy” rating to a “hold” rating in a research note on Monday, November 7th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of Tractor Supply Company in a research note on Thursday, December 8th. Fifteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Tractor Supply Company currently has an average rating of “Hold” and a consensus price target of $86.00.
In other Tractor Supply Company news, CFO Anthony F. Crudele sold 30,000 shares of the firm’s stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $76.40, for a total value of $2,292,000.00. Following the completion of the transaction, the chief financial officer now directly owns 85,366 shares in the company, valued at $6,521,962.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.00% of the company’s stock.
Tractor Supply Company Company Profile
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company operates in the retail sale of products that support the rural lifestyle segment. The Company focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses.
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