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Victory Capital Management Inc. lifted its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 720.5% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 345,915 shares of the specialty retailer’s stock after buying an additional 303,756 shares during the period. Victory Capital Management Inc. owned about 0.28% of Tractor Supply worth $31,436,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Boston Partners acquired a new position in Tractor Supply in the 2nd quarter worth about $118,735,000. Morgan Stanley increased its holdings in Tractor Supply by 211.2% in the 2nd quarter. Morgan Stanley now owns 1,244,467 shares of the specialty retailer’s stock worth $95,190,000 after purchasing an additional 844,609 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Tractor Supply by 12.3% in the 2nd quarter. Janus Henderson Group PLC now owns 4,473,406 shares of the specialty retailer’s stock worth $342,171,000 after purchasing an additional 488,863 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its holdings in Tractor Supply by 8,360.6% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 478,953 shares of the specialty retailer’s stock worth $36,635,000 after purchasing an additional 473,292 shares in the last quarter. Finally, Jennison Associates LLC acquired a new position in Tractor Supply in the 2nd quarter worth about $26,142,000. 82.52% of the stock is owned by institutional investors.
In related news, CFO Kurt D. Barton sold 11,156 shares of the company’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $86.74, for a total transaction of $967,671.44. Following the sale, the chief financial officer now owns 32,327 shares in the company, valued at approximately $2,804,043.98. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kurt D. Barton sold 6,156 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $84.50, for a total value of $520,182.00. Following the sale, the chief financial officer now owns 32,327 shares in the company, valued at approximately $2,731,631.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 224,348 shares of company stock worth $20,263,980. 1.60% of the stock is owned by corporate insiders.
Shares of Tractor Supply stock opened at $96.19 on Tuesday. Tractor Supply has a one year low of $58.27 and a one year high of $97.65. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.21 and a current ratio of 1.99. The stock has a market cap of $11.83 billion, a P/E ratio of 28.89, a price-to-earnings-growth ratio of 1.86 and a beta of 1.22.
Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, October 25th. The specialty retailer reported $0.95 EPS for the quarter, beating the consensus estimate of $0.87 by $0.08. Tractor Supply had a return on equity of 36.23% and a net margin of 6.54%. The company had revenue of $1.88 billion for the quarter, compared to badyst estimates of $1.82 billion. Equities research badysts expect that Tractor Supply will post 4.29 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 11th. Investors of record on Monday, November 26th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, November 23rd. This represents a $1.24 annualized dividend and a dividend yield of 1.29%. Tractor Supply’s payout ratio is 37.24%.
A number of equities badysts have issued reports on TSCO shares. Wells Fargo & Co reaffirmed a “buy” rating on shares of Tractor Supply in a report on Thursday, July 26th. Zacks Investment Research raised Tractor Supply from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a report on Tuesday, August 28th. Morgan Stanley upped their price target on Tractor Supply from $75.00 to $83.00 and gave the company an “equal weight” rating in a research report on Thursday, October 11th. Wedbush upped their price target on Tractor Supply from $77.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, July 27th. Finally, BidaskClub upgraded Tractor Supply from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Eleven badysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Tractor Supply has a consensus rating of “Buy” and a consensus price target of $87.73.
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About Tractor Supply
Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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