Bronfman E.L. Rothschild L.P. Has $160,000 Stake in Tractor Supply (TSCO)
Bronfman E.L. Rothschild L.P. reduced its position in shares of Tractor Supply (NASDAQ:TSCO) by 25.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,762 shares of the specialty retailer’s stock after selling 617 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Tractor Supply were worth $160,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of TSCO. Cubist Systematic Strategies LLC raised its stake in Tractor Supply by 74.9% in the second quarter. Cubist Systematic Strategies LLC now owns 12,515 shares of the specialty retailer’s stock worth $957,000 after buying an additional 5,361 shares in the last quarter. First Hawaiian Bank bought a new position in Tractor Supply in the third quarter worth about $584,000. Swiss National Bank raised its stake in Tractor Supply by 2.7% in the second quarter. Swiss National Bank now owns 415,400 shares of the specialty retailer’s stock worth $31,774,000 after buying an additional 11,000 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Tractor Supply by 32.2% during the third quarter. Janney Montgomery Scott LLC now owns 9,137 shares of the specialty retailer’s stock valued at $830,000 after purchasing an additional 2,223 shares in the last quarter. Finally, Ridgewood Investments LLC increased its stake in shares of Tractor Supply by 17.2% during the second quarter. Ridgewood Investments LLC now owns 11,768 shares of the specialty retailer’s stock valued at $900,000 after purchasing an additional 1,725 shares in the last quarter. Institutional investors own 81.93% of the company’s stock.
In other news, EVP Robert D. Mills sold 20,278 shares of the stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $97.10, for a total transaction of $1,968,993.80. Following the sale, the executive vice president now owns 31,826 shares in the company, valued at $3,090,304.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Steve K. Barbarick sold 21,257 shares of the stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $89.12, for a total transaction of $1,894,423.84. Following the sale, the chief operating officer now owns 78,210 shares in the company, valued at approximately $6,970,075.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 86,605 shares of company stock worth $8,041,912. Corporate insiders own 1.60% of the company’s stock.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, October 25th. The specialty retailer reported $0.95 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.08. Tractor Supply had a net margin of 6.54% and a return on equity of 36.23%. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.82 billion. As a group, equities analysts predict that Tractor Supply will post 4.29 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 11th. Stockholders of record on Monday, November 26th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Friday, November 23rd. Tractor Supply’s payout ratio is 37.24%.
A number of equities analysts have weighed in on TSCO shares. Wells Fargo & Co reaffirmed a “buy” rating on shares of Tractor Supply in a research note on Thursday, October 25th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $92.00 target price (up previously from $85.00) on shares of Tractor Supply in a research note on Saturday, October 27th. BidaskClub raised shares of Tractor Supply from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Zacks Investment Research raised shares of Tractor Supply from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a research note on Tuesday, August 28th. Finally, Morgan Stanley raised their target price on shares of Tractor Supply from $75.00 to $83.00 and gave the company an “equal weight” rating in a research note on Thursday, October 11th. Twelve research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $88.05.
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About Tractor Supply
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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