Los Angeles Capital Management & Equity Research Inc. trimmed its holdings in Tractor Supply (NASDAQ:TSCO) by 37.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 297,668 shares of the specialty retailer’s stock after selling 181,285 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Tractor Supply were worth $27,052,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in TSCO. Boston Partners acquired a new position in Tractor Supply in the second quarter valued at approximately $118,735,000. Morgan Stanley lifted its stake in Tractor Supply by 211.2% in the second quarter. Morgan Stanley now owns 1,244,467 shares of the specialty retailer’s stock valued at $95,190,000 after buying an additional 844,609 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Tractor Supply by 12.3% in the second quarter. Janus Henderson Group PLC now owns 4,473,406 shares of the specialty retailer’s stock valued at $342,171,000 after buying an additional 488,863 shares during the last quarter. Jennison Associates LLC purchased a new stake in Tractor Supply in the second quarter valued at approximately $26,142,000. Finally, Wells Fargo & Company MN lifted its stake in Tractor Supply by 21.6% in the third quarter. Wells Fargo & Company MN now owns 1,782,916 shares of the specialty retailer’s stock valued at $162,030,000 after buying an additional 316,629 shares during the last quarter. 82.02% of the stock is owned by hedge funds and other institutional investors.
In related news, CFO Kurt D. Barton sold 11,156 shares of the company’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of $86.74, for a total transaction of $967,671.44. Following the transaction, the chief financial officer now owns 32,327 shares of the company’s stock, valued at $2,804,043.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Steve K. Barbarick sold 21,257 shares of the company’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $89.12, for a total value of $1,894,423.84. Following the transaction, the chief operating officer now directly owns 78,210 shares in the company, valued at approximately $6,970,075.20. The disclosure for this sale can be found here. Insiders have sold 204,530 shares of company stock valued at $18,348,570 in the last 90 days. Company insiders own 1.60% of the company’s stock.
Tractor Supply stock opened at $96.62 on Friday. Tractor Supply has a 12 month low of $58.27 and a 12 month high of $97.57. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.99 and a quick ratio of 0.21. The company has a market cap of $11.35 billion, a PE ratio of 29.02, a P/E/G ratio of 1.78 and a beta of 1.22.
Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, October 25th. The specialty retailer reported $0.95 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.82 billion. As a group, sell-side analysts anticipate that Tractor Supply will post 4.29 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 11th. Stockholders of record on Monday, November 26th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Friday, November 23rd. Tractor Supply’s dividend payout ratio (DPR) is presently 37.24%.
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Tractor Supply Profile
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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