Fjarde AP Fonden Fourth Swedish National Pension Fund Raises Holdings in Tractor Supply Company (TSCO)
Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 3.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,094 shares of the specialty retailer’s stock after purchasing an additional 1,214 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Tractor Supply were worth $2,158,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of TSCO. Ameriprise Financial Inc. increased its holdings in shares of Tractor Supply by 7,599.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,230,168 shares of the specialty retailer’s stock worth $229,319,000 after acquiring an additional 4,175,224 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Tractor Supply by 531.0% in the 2nd quarter. Janus Henderson Group PLC now owns 2,136,401 shares of the specialty retailer’s stock worth $115,813,000 after acquiring an additional 1,797,802 shares during the period. Parametric Portfolio Associates LLC increased its holdings in shares of Tractor Supply by 328.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,072,446 shares of the specialty retailer’s stock worth $58,137,000 after acquiring an additional 821,979 shares during the period. Permian Investment Partners LP acquired a new stake in shares of Tractor Supply in the 2nd quarter worth about $38,901,000. Finally, Fiera Capital Corp increased its holdings in shares of Tractor Supply by 14.9% in the 2nd quarter. Fiera Capital Corp now owns 3,700,846 shares of the specialty retailer’s stock worth $200,623,000 after acquiring an additional 480,717 shares during the period. 95.57% of the stock is currently owned by institutional investors.
A number of analysts recently weighed in on TSCO shares. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Tractor Supply in a report on Thursday, October 26th. Credit Suisse Group set a $52.00 price objective on shares of Tractor Supply and gave the stock a “hold” rating in a report on Thursday, October 26th. Robert W. Baird set a $62.00 price objective on shares of Tractor Supply and gave the stock a “buy” rating in a report on Friday, August 25th. BMO Capital Markets raised their target price on shares of Tractor Supply from $57.00 to $58.00 and gave the company a “market perform” rating in a research note on Friday, July 28th. Finally, Zacks Investment Research raised shares of Tractor Supply from a “strong sell” rating to a “hold” rating in a research note on Friday, October 27th. Sixteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $68.05.
Tractor Supply Company (NASDAQ TSCO) opened at $64.72 on Thursday. Tractor Supply Company has a fifty-two week low of $49.87 and a fifty-two week high of $78.25. The company has a market cap of $8,145.36, a PE ratio of 19.25, a price-to-earnings-growth ratio of 1.41 and a beta of 1.29. The company has a quick ratio of 0.17, a current ratio of 2.00 and a debt-to-equity ratio of 0.38.
Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 EPS for the quarter, topping the 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 company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period last year, the company posted $0.67 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. sell-side analysts predict that Tractor Supply Company will post 3.28 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Monday, November 20th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Friday, November 17th. Tractor Supply’s payout ratio is 32.05%.
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Tractor Supply Company 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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