Ameritas Investment Partners Inc. Has $1.70 Million Holdings in Tractor Supply Company (TSCO)
Ameritas Investment Partners Inc. decreased its holdings in Tractor Supply Company (NASDAQ:TSCO) by 16.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,221 shares of the specialty retailer’s stock after selling 5,518 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Tractor Supply were worth $1,702,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of TSCO. Global X MANAGEMENT CO LLC raised its stake in Tractor Supply by 191.7% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,785 shares of the specialty retailer’s stock worth $113,000 after purchasing an additional 1,173 shares in the last quarter. Commonwealth Bank of Australia raised its stake in Tractor Supply by 15.4% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock worth $128,000 after purchasing an additional 317 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in Tractor Supply in the 2nd quarter worth about $139,000. Bristlecone Advisors LLC acquired a new stake in Tractor Supply in the 3rd quarter worth about $173,000. Finally, Bronfman E.L. Rothschild L.P. raised its stake in Tractor Supply by 33.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,325 shares of the specialty retailer’s stock worth $180,000 after purchasing an additional 828 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.
Several analysts have weighed in on TSCO shares. Robert W. Baird reiterated a “buy” rating and issued a $66.00 price objective on shares of Tractor Supply in a research note on Wednesday, October 4th. Bank of America restated a “buy” rating and issued a $69.00 target price on shares of Tractor Supply in a research report on Tuesday, September 5th. Morgan Stanley boosted their target price on shares of Tractor Supply from $53.00 to $57.00 and gave the company an “equal weight” rating in a research report on Thursday, November 16th. Oppenheimer restated a “hold” rating on shares of Tractor Supply in a research report on Thursday, October 26th. Finally, Loop Capital set a $55.00 target price on shares of Tractor Supply and gave the company a “hold” rating in a research report on Wednesday, October 25th. Seventeen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Tractor Supply currently has an average rating of “Hold” and an average price target of $66.26.
Shares of Tractor Supply Company (TSCO) opened at $67.84 on Wednesday. The stock has a market cap of $8,495.69, a P/E ratio of 20.08, a P/E/G ratio of 1.47 and a beta of 1.32. The company has a current ratio of 2.00, a quick ratio of 0.17 and a debt-to-equity ratio of 0.38. Tractor Supply Company has a 1-year low of $49.87 and a 1-year 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 consensus estimate of $0.68 by $0.04. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.68 billion. Tractor Supply had a net margin of 6.04% and a return on equity of 31.25%. The firm’s revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 EPS. research analysts anticipate that Tractor Supply Company will post 3.28 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Investors of record on Monday, November 20th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend was Friday, November 17th. Tractor Supply’s dividend payout ratio (DPR) is presently 32.05%.
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Tractor Supply Profile
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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