NumerixS Investment Technologies Inc trimmed its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 66.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,000 shares of the specialty retailer’s stock after selling 2,000 shares during the quarter. NumerixS Investment Technologies Inc’s holdings in Tractor Supply were worth $83,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also bought and sold shares of the company. Bruderman Asset Management LLC purchased a new position in Tractor Supply during the fourth quarter worth about $25,000. Cordasco Financial Network grew its position in Tractor Supply by 53.6% during the fourth quarter. Cordasco Financial Network now owns 338 shares of the specialty retailer’s stock worth $28,000 after buying an additional 118 shares in the last quarter. Rational Advisors LLC grew its position in Tractor Supply by 570.9% during the fourth quarter. Rational Advisors LLC now owns 369 shares of the specialty retailer’s stock worth $31,000 after buying an additional 314 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new position in Tractor Supply during the fourth quarter worth about $33,000. Finally, Taylor Hoffman Wealth Management purchased a new position in Tractor Supply during the fourth quarter worth about $37,000. Institutional investors and hedge funds own 80.64% of the company’s stock.
TSCO has been the subject of several recent analyst reports. Bank of America restated a “neutral” rating and set a $90.00 target price (down from $95.00) on shares of Tractor Supply in a research report on Wednesday, January 9th. BidaskClub cut Tractor Supply from a “buy” rating to a “hold” rating in a research report on Saturday, January 5th. Wedbush set a $105.00 target price on Tractor Supply and gave the stock a “buy” rating in a research report on Monday, December 10th. Wells Fargo & Co restated a “buy” rating and set a $102.00 target price on shares of Tractor Supply in a research report on Monday, February 11th. Finally, Zacks Investment Research restated a “hold” rating and set a $90.00 target price on shares of Tractor Supply in a research report on Monday, December 31st. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Tractor Supply currently has a consensus rating of “Hold” and an average target price of $91.94.
TSCO opened at $89.46 on Friday. The stock has a market capitalization of $10.98 billion, a PE ratio of 20.76, a PEG ratio of 1.72 and a beta of 1.10. Tractor Supply has a 12-month low of $58.27 and a 12-month high of $98.03. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.91 and a quick ratio of 0.22.
Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, January 31st. The specialty retailer reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.02. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Tractor Supply had a return on equity of 36.86% and a net margin of 6.73%. As a group, equities research analysts expect that Tractor Supply will post 4.71 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 25th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.39%. The ex-dividend date was Friday, February 22nd. Tractor Supply’s dividend payout ratio is presently 28.77%.
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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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