BB&T Investment Services Inc. lifted its stake in Tractor Supply (NASDAQ:TSCO) by 21.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,569 shares of the specialty retailer’s stock after acquiring an additional 1,168 shares during the quarter. BB&T Investment Services Inc.’s holdings in Tractor Supply were worth $494,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Two Sigma Advisers LP increased its stake in shares of Tractor Supply by 1.6% in the fourth quarter. Two Sigma Advisers LP now owns 1,648,477 shares of the specialty retailer’s stock worth $123,224,000 after acquiring an additional 25,613 shares during the last quarter. IFM Investors Pty Ltd acquired a new position in Tractor Supply during the third quarter worth $259,000. Nordea Investment Management AB increased its position in Tractor Supply by 7.3% during the third quarter. Nordea Investment Management AB now owns 64,781 shares of the specialty retailer’s stock worth $4,100,000 after buying an additional 4,396 shares during the last quarter. Asset Management One Co. Ltd. increased its position in Tractor Supply by 3.1% during the third quarter. Asset Management One Co. Ltd. now owns 207,739 shares of the specialty retailer’s stock worth $13,145,000 after buying an additional 6,218 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board increased its position in Tractor Supply by 93.7% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 38,512 shares of the specialty retailer’s stock worth $2,879,000 after buying an additional 18,625 shares during the last quarter. 83.25% of the stock is currently owned by institutional investors and hedge funds.
Shares of TSCO stock opened at $62.82 on Wednesday. The company has a current ratio of 1.95, a quick ratio of 0.24 and a debt-to-equity ratio of 0.31. Tractor Supply has a fifty-two week low of $49.87 and a fifty-two week high of $82.68. The stock has a market cap of $8,055.02, a PE ratio of 19.04, a price-to-earnings-growth ratio of 1.19 and a beta of 1.27.
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Monday, February 26th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Friday, February 23rd. Tractor Supply’s payout ratio is presently 32.73%.
In related news, Director Edna Morris sold 1,054 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $67.07, for a total value of $70,691.78. Following the completion of the sale, the director now owns 10,949 shares in the company, valued at $734,349.43. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.20% of the stock is currently owned by company insiders.
Several equities analysts have commented on the stock. Wedbush reissued a “hold” rating and set a $69.00 target price (down from $80.00) on shares of Tractor Supply in a research report on Wednesday, February 21st. Stephens set a $79.00 target price on shares of Tractor Supply and gave the stock a “hold” rating in a research report on Wednesday, January 17th. Royal Bank of Canada increased their target price on shares of Tractor Supply to $74.00 and gave the stock a “sector perform” rating in a research report on Monday, January 29th. Oppenheimer reissued a “hold” rating on shares of Tractor Supply in a research report on Thursday, February 1st. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $76.00 target price (down from $83.00) on shares of Tractor Supply in a research report on Thursday, February 1st. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and seven have given a buy rating to the company’s stock. Tractor Supply currently has a consensus rating of “Hold” and a consensus price target of $73.10.
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About Tractor Supply
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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