Homrich & Berg Buys Shares of 12,880 Tractor Supply (NASDAQ:TSCO)

Homrich & Berg acquired a new position in Tractor Supply (NASDAQ:TSCO) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 12,880 shares of the specialty retailer’s stock, valued at approximately $963,000.

Several other institutional investors have also added to or reduced their stakes in TSCO. Sentry Investment Management LLC raised its stake in Tractor Supply by 3.1% in the 2nd quarter. Sentry Investment Management LLC now owns 8,957 shares of the specialty retailer’s stock valued at $486,000 after purchasing an additional 268 shares during the last quarter. Mariner Wealth Advisors LLC raised its stake in Tractor Supply by 3.6% in the 4th quarter. Mariner Wealth Advisors LLC now owns 24,787 shares of the specialty retailer’s stock valued at $1,853,000 after purchasing an additional 856 shares during the last quarter. Arizona State Retirement System raised its stake in Tractor Supply by 1.9% in the 4th quarter. Arizona State Retirement System now owns 47,260 shares of the specialty retailer’s stock valued at $3,533,000 after purchasing an additional 860 shares during the last quarter. Alps Advisors Inc. raised its stake in Tractor Supply by 14.3% in the 3rd quarter. Alps Advisors Inc. now owns 7,626 shares of the specialty retailer’s stock valued at $483,000 after purchasing an additional 953 shares during the last quarter. Finally, Dupont Capital Management Corp raised its stake in Tractor Supply by 14.9% in the 4th quarter. Dupont Capital Management Corp now owns 8,172 shares of the specialty retailer’s stock valued at $611,000 after purchasing an additional 1,061 shares during the last quarter. Institutional investors and hedge funds own 83.43% of the company’s stock.

How to Become a New Pot Stock Millionaire

Several brokerages recently weighed in on TSCO. Wedbush reissued a “hold” rating and issued a $69.00 target price (down previously from $80.00) on shares of Tractor Supply in a research note on Wednesday, February 21st. Stephens set a $79.00 target price on shares of Tractor Supply and gave the company a “hold” rating in a research note on Wednesday, January 17th. Royal Bank of Canada boosted their target price on shares of Tractor Supply to $74.00 and gave the company a “sector perform” rating in a research note on Monday, January 29th. Oppenheimer reissued a “hold” rating on shares of Tractor Supply in a research note on Thursday, February 1st. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $76.00 price objective (down previously from $83.00) on shares of Tractor Supply in a research note on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $73.10.

In related news, Director Edna Morris sold 1,054 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $67.07, for a total transaction of $70,691.78. Following the completion of the sale, the director now owns 10,949 shares of the company’s stock, valued at approximately $734,349.43. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Steve K. Barbarick sold 43,076 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $69.03, for a total transaction of $2,973,536.28. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Tractor Supply (NASDAQ:TSCO) traded down $0.31 on Wednesday, reaching $62.62. 2,840,000 shares of the company were exchanged, compared to its average volume of 2,170,000. The firm has a market cap of $7,830.00, a P/E ratio of 18.75, a PEG ratio of 1.17 and a beta of 1.27. Tractor Supply has a 12-month low of $49.87 and a 12-month high of $82.68. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.24 and a current ratio of 1.95.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.04. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.93 billion. Tractor Supply had a net margin of 5.82% and a return on equity of 30.81%. The company’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.94 EPS. analysts expect that Tractor Supply will post 4.1 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Monday, February 26th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend was Friday, February 23rd. Tractor Supply’s dividend payout ratio (DPR) is presently 32.34%.

ILLEGAL ACTIVITY NOTICE: “Homrich & Berg Buys Shares of 12,880 Tractor Supply (NASDAQ:TSCO)” was published by BBNS and is the property of of BBNS. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The original version of this piece of content can be accessed at https://baseballnewssource.com/2018/03/14/homrich-berg-buys-shares-of-12880-tractor-supply-tsco/1890194.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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Almora Jr. and Baez Could Become Cubs new One-Two Tandem
Almora Jr. and Baez Could Become Cubs new One-Two Tandem
Red Sox Tie Record for Best Start After 17 Games
Red Sox Tie Record for Best Start After 17 Games
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Rick Porcello’s Strong Start Gives Boost to Red Sox
Rick Porcello’s Strong Start Gives Boost to Red Sox
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry
Xander Bogaerts Goes on Red Sox DL
Xander Bogaerts Goes on Red Sox DL


Leave a Reply

 
© 2006-2018 BBNS.