Tractor Supply (NASDAQ:TSCO) Shares Acquired by Man Group plc

Man Group plc lifted its stake in shares of Tractor Supply (NASDAQ:TSCO) by 37.2% during the third quarter, Holdings Channel reports. The firm owned 86,110 shares of the specialty retailer’s stock after purchasing an additional 23,332 shares during the quarter. Man Group plc’s holdings in Tractor Supply were worth $7,787,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the company. Securian Asset Management Inc lifted its position in shares of Tractor Supply by 0.9% in the 2nd quarter. Securian Asset Management Inc now owns 12,607 shares of the specialty retailer’s stock valued at $1,372,000 after acquiring an additional 109 shares in the last quarter. Outlook Wealth Advisors LLC grew its position in Tractor Supply by 3.3% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 3,491 shares of the specialty retailer’s stock worth $316,000 after purchasing an additional 112 shares in the last quarter. Executive Wealth Management LLC raised its stake in Tractor Supply by 56.4% during the 3rd quarter. Executive Wealth Management LLC now owns 352 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 127 shares during the period. Coastal Investment Advisors Inc. raised its stake in Tractor Supply by 32.3% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 549 shares of the specialty retailer’s stock valued at $58,000 after purchasing an additional 134 shares during the period. Finally, CSat Investment Advisory L.P. lifted its holdings in shares of Tractor Supply by 46.4% in the second quarter. CSat Investment Advisory L.P. now owns 429 shares of the specialty retailer’s stock valued at $47,000 after purchasing an additional 136 shares in the last quarter. 83.23% of the stock is currently owned by institutional investors.

In other Tractor Supply news, SVP Chad Michael Frazell sold 13,441 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $98.49, for a total transaction of $1,323,804.09. 1.50% of the stock is currently owned by company insiders.

Several analysts have recently commented on the company. Morgan Stanley raised their target price on Tractor Supply from $112.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 22nd. Wells Fargo & Co reissued a “buy” rating and set a $115.00 price target on shares of Tractor Supply in a research report on Thursday. Zacks Investment Research raised Tractor Supply from a “sell” rating to a “hold” rating and set a $98.00 price objective for the company in a research note on Friday, October 4th. Northcoast Research upgraded Tractor Supply from a “neutral” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Wednesday, October 2nd. Finally, Robert W. Baird lowered their target price on Tractor Supply from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Eleven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Tractor Supply presently has an average rating of “Buy” and a consensus price target of $108.60.

Tractor Supply stock opened at $95.72 on Friday. Tractor Supply has a one year low of $78.67 and a one year high of $114.25. The company’s fifty day moving average price is $95.77 and its two-hundred day moving average price is $101.11. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.60 and a quick ratio of 0.15. The company has a market capitalization of $11.33 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 1.81 and a beta of 1.01.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.01). The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2 billion. Tractor Supply had a return on equity of 36.64% and a net margin of 6.69%. Tractor Supply’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.95 EPS. As a group, sell-side analysts anticipate that Tractor Supply will post 4.71 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Friday, November 22nd. Tractor Supply’s payout ratio is 32.48%.

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

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