Rhumbline Advisers grew its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 5.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 275,768 shares of the specialty retailer’s stock after acquiring an additional 15,326 shares during the period. Rhumbline Advisers owned about 0.22% of Tractor Supply worth $17,453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. New Amsterdam Partners LLC NY grew its position in shares of Tractor Supply by 0.7% during the 2nd quarter. New Amsterdam Partners LLC NY now owns 6,893 shares of the specialty retailer’s stock valued at $374,000 after acquiring an additional 50 shares during the period. Cullen Frost Bankers Inc. grew its position in shares of Tractor Supply by 3.7% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 5,664 shares of the specialty retailer’s stock valued at $307,000 after acquiring an additional 200 shares during the period. Virginia Retirement Systems ET AL grew its position in shares of Tractor Supply by 4.9% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 4,300 shares of the specialty retailer’s stock valued at $233,000 after acquiring an additional 200 shares during the period. Allegis Investment Advisors LLC grew its position in shares of Tractor Supply by 1.7% during the 2nd quarter. Allegis Investment Advisors LLC now owns 12,942 shares of the specialty retailer’s stock valued at $702,000 after acquiring an additional 216 shares during the period. Finally, Tredje AP fonden grew its position in shares of Tractor Supply by 2.8% during the 2nd quarter. Tredje AP fonden now owns 9,580 shares of the specialty retailer’s stock valued at $519,000 after acquiring an additional 260 shares during the period. 95.57% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on TSCO. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Tractor Supply in a research note on Thursday, July 27th. UBS AG cut shares of Tractor Supply from a “buy” rating to a “neutral” rating and lifted their target price for the company from $62.00 to $67.00 in a research note on Monday, October 2nd. Deutsche Bank AG lowered their target price on shares of Tractor Supply from $54.00 to $51.00 and set a “hold” rating on the stock in a research note on Thursday, October 26th. Robert W. Baird restated a “buy” rating and set a $66.00 target price on shares of Tractor Supply in a research note on Friday, November 10th. Finally, Morgan Stanley boosted their price target on shares of Tractor Supply from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 16th. Sixteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Tractor Supply currently has an average rating of “Hold” and an average price target of $68.05.

Shares of Tractor Supply Company (NASDAQ:TSCO) opened at $64.87 on Wednesday. Tractor Supply Company has a 52-week low of $49.87 and a 52-week high of $78.25. The firm has a market cap of $8,253.35, a P/E ratio of 19.50, a PEG ratio of 1.43 and a beta of 1.29. 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 (NASDAQ:TSCO) last announced its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share 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 firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the prior year, the company earned $0.67 EPS. The company’s revenue was up 11.6% compared to the same quarter last year. research analysts expect that Tractor Supply Company will post 3.28 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Monday, November 20th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, November 17th. This represents a $1.08 dividend on an annualized basis and a yield of 1.66%. Tractor Supply’s payout ratio is 32.05%.

TRADEMARK VIOLATION NOTICE: This piece of content was first posted by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another publication, it was stolen and reposted in violation of United States & international copyright and trademark laws. The correct version of this piece of content can be read at https://www.watchlistnews.com/rhumbline-advisers-acquires-15326-shares-of-tractor-supply-company-tsco/1719482.html.

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.

Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

Receive News & Ratings for Tractor Supply Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply Company and related companies with Analyst Ratings Network's FREE daily email newsletter.