Tractor Supply Company (TSCO) Holdings Boosted by Commerzbank Aktiengesellschaft FI
Commerzbank Aktiengesellschaft FI raised its holdings in Tractor Supply Company (NASDAQ:TSCO) by 305.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,750 shares of the specialty retailer’s stock after buying an additional 19,401 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Tractor Supply were worth $1,630,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Global X MANAGEMENT CO LLC increased its holdings in shares of Tractor Supply by 191.7% during the third quarter. Global X MANAGEMENT CO LLC now owns 1,785 shares of the specialty retailer’s stock valued at $113,000 after acquiring an additional 1,173 shares in the last quarter. Commonwealth Bank of Australia increased its holdings in shares of Tractor Supply by 15.4% during the second quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock valued at $128,000 after acquiring an additional 317 shares in the last quarter. Penserra Capital Management LLC bought a new stake in shares of Tractor Supply during the second quarter valued at approximately $139,000. Bristlecone Advisors LLC bought a new stake in shares of Tractor Supply during the third quarter valued at approximately $173,000. Finally, Bronfman E.L. Rothschild L.P. increased its holdings in shares of Tractor Supply by 33.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,325 shares of the specialty retailer’s stock valued at $180,000 after acquiring an additional 828 shares in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.
Tractor Supply Company (TSCO) opened at $67.01 on Thursday. The stock has a market capitalization of $8,572.28, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 1.49 and a beta of 1.32. 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 Company has a 12 month low of $49.87 and a 12 month high of $78.25.
Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.68 billion. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 EPS. equities research analysts expect that Tractor Supply Company will post 3.28 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Monday, November 20th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, November 17th. This represents a $1.08 dividend on an annualized basis and a yield of 1.61%. Tractor Supply’s dividend payout ratio (DPR) is presently 32.05%.
Several brokerages recently issued reports on TSCO. Moffett Nathanson began coverage on Tractor Supply in a report on Monday. They set a “neutral” rating for the company. Oppenheimer reiterated a “hold” rating on shares of Tractor Supply in a report on Friday, December 1st. Morgan Stanley upped their price target on Tractor Supply from $53.00 to $57.00 and gave the stock an “equal weight” rating in a report on Thursday, November 16th. KeyCorp reiterated a “hold” rating on shares of Tractor Supply in a report on Friday, November 10th. Finally, Robert W. Baird reiterated a “buy” rating and set a $66.00 price target on shares of Tractor Supply in a report on Friday, November 10th. Seventeen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $66.26.
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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