National Asset Management Inc. Invests $283,000 in Tractor Supply Company (TSCO)
National Asset Management Inc. acquired a new stake in Tractor Supply Company (NASDAQ:TSCO) during the first quarter, Holdings Channel reports. The fund acquired 4,086 shares of the specialty retailer’s stock, valued at approximately $283,000.
A number of other large investors have also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. boosted its stake in Tractor Supply Company by 3.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,497 shares of the specialty retailer’s stock valued at $172,000 after buying an additional 91 shares in the last quarter. Dynamic Advisors Solutions LLC boosted its stake in Tractor Supply Company by 3.4% in the first quarter. Dynamic Advisors Solutions LLC now owns 3,065 shares of the specialty retailer’s stock valued at $211,000 after buying an additional 100 shares in the last quarter. Koch Industries Inc. purchased a new stake in Tractor Supply Company during the first quarter valued at $216,000. Gofen & Glossberg LLC IL boosted its stake in Tractor Supply Company by 6.7% in the first quarter. Gofen & Glossberg LLC IL now owns 3,165 shares of the specialty retailer’s stock valued at $218,000 after buying an additional 200 shares in the last quarter. Finally, Cleararc Capital Inc. boosted its stake in Tractor Supply Company by 0.9% in the first quarter. Cleararc Capital Inc. now owns 3,199 shares of the specialty retailer’s stock valued at $221,000 after buying an additional 29 shares in the last quarter. 92.61% of the stock is owned by institutional investors and hedge funds.
Shares of Tractor Supply Company (NASDAQ:TSCO) traded down 0.06% during midday trading on Monday, hitting $52.62. The stock had a trading volume of 325,462 shares. The stock’s 50-day moving average is $57.37 and its 200-day moving average is $68.33. Tractor Supply Company has a 12 month low of $52.09 and a 12 month high of $95.39. The stock has a market cap of $6.77 billion, a PE ratio of 16.25 and a beta of 1.23.
Tractor Supply Company (NASDAQ:TSCO) last posted its quarterly earnings data on Wednesday, April 26th. The specialty retailer reported $0.46 EPS for the quarter, meeting analysts’ consensus estimates of $0.46. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Tractor Supply Company had a return on equity of 29.64% and a net margin of 6.25%. Tractor Supply Company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.50 earnings per share. Equities analysts anticipate that Tractor Supply Company will post $3.41 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 6th. Investors of record on Monday, May 22nd were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend was Thursday, May 18th. This is a boost from Tractor Supply Company’s previous quarterly dividend of $0.24. Tractor Supply Company’s dividend payout ratio is 33.44%.
Several research analysts have commented on the company. SunTrust Banks, Inc. reissued a “hold” rating and set a $79.00 target price (down previously from $80.00) on shares of Tractor Supply Company in a research note on Friday, April 14th. Wedbush lowered their target price on Tractor Supply Company from $83.00 to $80.00 and set an “outperform” rating for the company in a research note on Friday, April 28th. Zacks Investment Research raised Tractor Supply Company from a “sell” rating to a “hold” rating in a research note on Thursday, April 27th. Robert W. Baird set a $80.00 target price on Tractor Supply Company and gave the stock a “buy” rating in a research note on Wednesday, April 12th. Finally, J P Morgan Chase & Co downgraded Tractor Supply Company from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $88.00 to $67.00 in a research note on Wednesday, April 12th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $82.74.
Tractor Supply Company 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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