BB&T Investment Services Inc. Sells 1,921 Shares of Tractor Supply Company (TSCO)

BB&T Investment Services Inc. reduced its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 26.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,401 shares of the specialty retailer’s stock after selling 1,921 shares during the period. BB&T Investment Services Inc.’s holdings in Tractor Supply were worth $347,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Stifel Financial Corp lifted its holdings in Tractor Supply by 14.4% in the third quarter. Stifel Financial Corp now owns 253,736 shares of the specialty retailer’s stock valued at $16,053,000 after acquiring an additional 31,933 shares during the last quarter. Fagan Associates Inc. lifted its holdings in Tractor Supply by 27.0% in the third quarter. Fagan Associates Inc. now owns 15,745 shares of the specialty retailer’s stock valued at $997,000 after acquiring an additional 3,350 shares during the last quarter. OxFORD Asset Management LLP lifted its holdings in Tractor Supply by 44.9% in the third quarter. OxFORD Asset Management LLP now owns 44,093 shares of the specialty retailer’s stock valued at $2,783,000 after acquiring an additional 13,673 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its holdings in Tractor Supply by 305.6% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 25,750 shares of the specialty retailer’s stock valued at $1,630,000 after acquiring an additional 19,401 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Tractor Supply by 6.5% in the third quarter. Dimensional Fund Advisors LP now owns 546,751 shares of the specialty retailer’s stock valued at $34,603,000 after acquiring an additional 33,488 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Tractor Supply Company (NASDAQ TSCO) opened at $68.75 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 2.00. Tractor Supply Company has a 52 week low of $49.87 and a 52 week high of $78.25. The company has a market capitalization of $8,558.47, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 1.48 and a beta of 1.32.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the prior year, the firm earned $0.67 earnings per share. The firm’s revenue was up 11.6% compared to the same quarter last year. sell-side analysts predict that Tractor Supply Company will post 3.28 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Monday, November 20th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend was Friday, November 17th. Tractor Supply’s dividend payout ratio is currently 32.05%.

TSCO has been the topic of a number of recent analyst reports. Oppenheimer reiterated a “hold” rating on shares of Tractor Supply in a report on Thursday, October 26th. Credit Suisse Group set a $52.00 price objective on Tractor Supply and gave the company a “hold” rating in a report on Thursday, October 26th. Robert W. Baird set a $62.00 price objective on Tractor Supply and gave the company a “buy” rating in a report on Friday, August 25th. BMO Capital Markets reiterated a “hold” rating and issued a $61.00 price objective on shares of Tractor Supply in a report on Thursday, November 2nd. Finally, Zacks Investment Research upgraded Tractor Supply from a “strong sell” rating to a “hold” rating in a report on Friday, October 27th. Seventeen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $66.26.

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Tractor Supply Profile

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.

Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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