New Mexico Educational Retirement Board lowered its stake in shares of Tractor Supply (NASDAQ:TSCO) by 6.1% in the third quarter, Holdings Channel reports. The firm owned 9,300 shares of the specialty retailer’s stock after selling 600 shares during the period. New Mexico Educational Retirement Board’s holdings in Tractor Supply were worth $841,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Usca Ria LLC bought a new stake in Tractor Supply during the third quarter worth approximately $27,000. Executive Wealth Management LLC boosted its position in Tractor Supply by 56.4% during the third quarter. Executive Wealth Management LLC now owns 352 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 127 shares during the period. CSat Investment Advisory L.P. boosted its position in Tractor Supply by 46.4% during the second quarter. CSat Investment Advisory L.P. now owns 429 shares of the specialty retailer’s stock worth $47,000 after purchasing an additional 136 shares during the period. Flagship Harbor Advisors LLC boosted its position in Tractor Supply by 255.9% during the second quarter. Flagship Harbor Advisors LLC now owns 484 shares of the specialty retailer’s stock worth $52,000 after purchasing an additional 348 shares during the period. Finally, B & T Capital Management DBA Alpha Capital Management bought a new stake in Tractor Supply during the third quarter worth approximately $45,000. 83.23% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on the company. BidaskClub cut Tractor Supply from a “buy” rating to a “hold” rating in a research report on Saturday, September 14th. Nomura assumed coverage on Tractor Supply in a research report on Friday, November 8th. They set a “neutral” rating and a $100.00 target price for the company. Wells Fargo & Co decreased their target price on Tractor Supply from $125.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday, October 14th. Wedbush reaffirmed an “outperform” rating and set a $115.00 target price (up previously from $105.00) on shares of Tractor Supply in a research report on Friday, October 25th. Finally, Guggenheim reaffirmed a “buy” rating and set a $110.00 target price (down previously from $120.00) on shares of Tractor Supply in a research report on Friday, September 20th. Twelve equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $108.19.
TSCO opened at $94.44 on Monday. Tractor Supply has a 1-year low of $78.67 and a 1-year high of $114.25. The company has a current ratio of 1.60, a quick ratio of 0.15 and a debt-to-equity ratio of 1.75. The stock has a market capitalization of $11.30 billion, a price-to-earnings ratio of 21.91, a P/E/G ratio of 1.83 and a beta of 1.03. The business has a 50 day moving average of $95.61 and a 200-day moving average of $101.26.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.01). Tractor Supply had a net margin of 6.69% and a return on equity of 36.64%. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period in the prior year, the company posted $0.95 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. Equities analysts predict that Tractor Supply will post 4.71 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be given a $0.35 dividend. The ex-dividend date is Friday, November 22nd. This represents a $1.40 annualized dividend and a dividend yield of 1.48%. Tractor Supply’s dividend payout ratio is 32.48%.
Tractor Supply Profile
Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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