Element Capital Management LLC purchased a new stake in Tractor Supply (NASDAQ:TSCO) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 282,520 shares of the specialty retailer’s stock, valued at approximately $21,118,000. Element Capital Management LLC owned 0.23% of Tractor Supply as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. OppenheimerFunds Inc. grew its stake in Tractor Supply by 5.3% in the 4th quarter. OppenheimerFunds Inc. now owns 16,438 shares of the specialty retailer’s stock valued at $1,229,000 after acquiring an additional 823 shares during the period. Mariner Wealth Advisors LLC grew its stake in Tractor Supply by 3.6% in the 4th quarter. Mariner Wealth Advisors LLC now owns 24,787 shares of the specialty retailer’s stock valued at $1,853,000 after acquiring an additional 856 shares during the period. Arizona State Retirement System grew its stake in Tractor Supply by 1.9% in the 4th quarter. Arizona State Retirement System now owns 47,260 shares of the specialty retailer’s stock valued at $3,533,000 after acquiring an additional 860 shares during the period. Alps Advisors Inc. grew its stake in Tractor Supply by 14.3% in the 3rd quarter. Alps Advisors Inc. now owns 7,626 shares of the specialty retailer’s stock valued at $483,000 after acquiring an additional 953 shares during the period. Finally, Baird Financial Group Inc. grew its stake in Tractor Supply by 5.7% in the 4th quarter. Baird Financial Group Inc. now owns 19,288 shares of the specialty retailer’s stock valued at $1,442,000 after acquiring an additional 1,043 shares during the period. 83.43% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Tractor Supply (NASDAQ TSCO) opened at $64.38 on Friday. The stock has a market cap of $7,880.00, a PE ratio of 19.28, a P/E/G ratio of 1.15 and a beta of 1.27. Tractor Supply has a fifty-two week low of $49.87 and a fifty-two week high of $82.68. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.95 and a quick ratio of 0.24.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 13th. Shareholders of record on Monday, February 26th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.08 dividend on an annualized basis and a yield of 1.68%. Tractor Supply’s dividend payout ratio (DPR) is presently 32.34%.
A number of equities research analysts recently issued reports on the stock. Wedbush reissued a “hold” rating and issued a $69.00 price target (down previously from $80.00) on shares of Tractor Supply in a research note on Wednesday, February 21st. Stephens set a $79.00 price target on shares of Tractor Supply and gave the company a “hold” rating in a research note on Wednesday, January 17th. Royal Bank of Canada lifted their price target on shares of Tractor Supply to $74.00 and gave the company a “sector perform” rating in a research note on Monday, January 29th. Oppenheimer reissued a “hold” rating on shares of Tractor Supply in a research note on Thursday, February 1st. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $76.00 price target (down previously from $83.00) on shares of Tractor Supply in a research note on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have given a buy rating to the company. Tractor Supply presently has a consensus rating of “Hold” and a consensus price target of $73.10.
In other Tractor Supply news, CMO Steve K. Barbarick sold 43,076 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $69.03, for a total transaction of $2,973,536.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Edna Morris sold 1,054 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $67.07, for a total transaction of $70,691.78. Following the sale, the director now owns 10,949 shares in the company, valued at $734,349.43. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.
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Tractor Supply Company 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.
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