Axa Has $14.61 Million Stake in Tractor Supply (TSCO)

Axa grew its stake in Tractor Supply (NASDAQ:TSCO) by 0.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 160,754 shares of the specialty retailer’s stock after purchasing an additional 700 shares during the quarter. Axa’s holdings in Tractor Supply were worth $14,609,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TSCO. Piedmont Investment Advisors LLC bought a new position in Tractor Supply during the second quarter worth about $106,000. Columbia Asset Management bought a new position in Tractor Supply during the third quarter worth about $120,000. Qube Research & Technologies Ltd bought a new position in Tractor Supply during the second quarter worth about $130,000. Steward Partners Investment Advisory LLC grew its holdings in Tractor Supply by 118.9% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,751 shares of the specialty retailer’s stock worth $134,000 after purchasing an additional 951 shares during the period. Finally, Stratos Wealth Partners LTD. bought a new position in Tractor Supply during the third quarter worth about $142,000. Institutional investors own 82.18% of the company’s stock.

In other news, COO Steve K. Barbarick sold 21,257 shares of Tractor Supply stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $89.12, for a total value of $1,894,423.84. Following the completion of the sale, the chief operating officer now directly owns 78,210 shares in the company, valued at $6,970,075.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Gregory A. Sandfort sold 140,709 shares of Tractor Supply stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $90.28, for a total transaction of $12,703,208.52. Following the completion of the sale, the chief executive officer now owns 118,845 shares of the company’s stock, valued at $10,729,326.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 227,314 shares of company stock valued at $20,745,120. 1.60% of the stock is owned by company insiders.

A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Tractor Supply from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a report on Wednesday. BidaskClub downgraded shares of Tractor Supply from a “buy” rating to a “hold” rating in a research report on Tuesday, November 20th. Telsey Advisory Group restated an “outperform” rating and set a $92.00 price objective (up from $85.00) on shares of Tractor Supply in a research report on Saturday, October 27th. Credit Suisse Group set a $85.00 price objective on shares of Tractor Supply and gave the stock a “hold” rating in a research report on Friday, October 26th. Finally, Wells Fargo & Co raised their price objective on shares of Tractor Supply from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Friday, October 26th. Eleven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $87.77.

NASDAQ TSCO opened at $89.30 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.99 and a quick ratio of 0.21. Tractor Supply has a 1-year low of $58.27 and a 1-year high of $97.65. The company has a market capitalization of $10.86 billion, a PE ratio of 26.82, a price-to-earnings-growth ratio of 1.70 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. Tractor Supply had a net margin of 6.54% and a return on equity of 36.23%. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.82 billion. On average, sell-side analysts anticipate that Tractor Supply will post 4.29 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 11th. Stockholders of record on Monday, November 26th will be given a $0.31 dividend. The ex-dividend date is Friday, November 23rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.39%. Tractor Supply’s payout ratio is 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.

See Also: Cost of Equity For A Business, Investors

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

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