495,149 Shares in Tractor Supply Company (TSCO) Purchased by Alyeska Investment Group L.P.
Alyeska Investment Group L.P. purchased a new position in shares of Tractor Supply Company (NASDAQ:TSCO) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 495,149 shares of the specialty retailer’s stock, valued at approximately $31,338,000. Alyeska Investment Group L.P. owned 0.39% of Tractor Supply at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Global X MANAGEMENT CO LLC lifted its holdings in shares of Tractor Supply by 191.7% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,785 shares of the specialty retailer’s stock worth $113,000 after acquiring an additional 1,173 shares during the period. Commonwealth Bank of Australia lifted its holdings in shares of Tractor Supply by 15.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock worth $128,000 after acquiring an additional 317 shares during the period. Penserra Capital Management LLC bought a new stake in shares of Tractor Supply during the 2nd quarter worth approximately $139,000. Bristlecone Advisors LLC bought a new stake in shares of Tractor Supply during the 3rd quarter worth approximately $173,000. Finally, Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Tractor Supply by 33.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,325 shares of the specialty retailer’s stock worth $180,000 after acquiring an additional 828 shares during the period. 92.59% of the stock is owned by institutional investors.
Tractor Supply Company (NASDAQ TSCO) opened at $67.66 on Friday. The company has a market cap of $8,347.52, a P/E ratio of 19.73, a P/E/G ratio of 1.45 and a beta of 1.32. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.00 and a quick ratio of 0.17. Tractor Supply Company has a 52 week low of $49.87 and a 52 week high of $78.25.
Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. Tractor Supply had a net margin of 6.04% and a return on equity of 31.25%. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the prior year, the company posted $0.67 EPS. The company’s revenue was up 11.6% on a year-over-year basis. equities analysts expect that Tractor Supply Company will post 3.28 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Monday, November 20th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Friday, November 17th. Tractor Supply’s dividend payout ratio (DPR) is currently 32.05%.
A number of brokerages have recently weighed in on TSCO. Piper Jaffray Companies reaffirmed a “hold” rating and set a $57.00 price target on shares of Tractor Supply in a report on Friday, September 29th. BMO Capital Markets upped their price target on shares of Tractor Supply from $58.00 to $61.00 and gave the stock a “market perform” rating in a report on Wednesday, September 27th. Zacks Investment Research raised shares of Tractor Supply from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Robert W. Baird set a $62.00 price target on shares of Tractor Supply and gave the stock a “buy” rating in a report on Friday, August 25th. Finally, UBS downgraded shares of Tractor Supply from a “buy” rating to a “neutral” rating and increased their price objective for the company from $62.00 to $67.00 in a research note on Monday, October 2nd. Seventeen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $66.26.
About Tractor Supply
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.
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