QRG Capital Management Inc. Acquires 510 Shares of Tractor Supply (NASDAQ:TSCO)

QRG Capital Management Inc. increased its holdings in Tractor Supply (NASDAQ:TSCOFree Report) by 2.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 25,397 shares of the specialty retailer’s stock after acquiring an additional 510 shares during the period. QRG Capital Management Inc.’s holdings in Tractor Supply were worth $5,461,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in TSCO. Qsemble Capital Management LP bought a new stake in shares of Tractor Supply in the 4th quarter valued at about $415,000. NBC Securities Inc. lifted its stake in shares of Tractor Supply by 41.5% in the 4th quarter. NBC Securities Inc. now owns 498 shares of the specialty retailer’s stock valued at $107,000 after acquiring an additional 146 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Tractor Supply by 112.0% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 2,822 shares of the specialty retailer’s stock valued at $607,000 after acquiring an additional 1,491 shares during the last quarter. Bancreek Capital Management LP lifted its stake in shares of Tractor Supply by 14.4% in the 4th quarter. Bancreek Capital Management LP now owns 27,278 shares of the specialty retailer’s stock valued at $5,866,000 after acquiring an additional 3,442 shares during the last quarter. Finally, Principal Securities Inc. bought a new stake in shares of Tractor Supply in the 4th quarter valued at about $421,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TSCO. JPMorgan Chase & Co. boosted their price target on Tractor Supply from $241.00 to $263.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. TD Cowen lifted their target price on shares of Tractor Supply from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Benchmark reiterated a “buy” rating and set a $256.00 price target on shares of Tractor Supply in a research report on Monday, April 22nd. Wells Fargo & Company boosted their price target on shares of Tractor Supply from $250.00 to $285.00 and gave the company an “overweight” rating in a research report on Monday, March 25th. Finally, Mizuho reiterated a “neutral” rating and set a $250.00 price target (up previously from $245.00) on shares of Tractor Supply in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Tractor Supply currently has a consensus rating of “Hold” and a consensus price target of $253.54.

Check Out Our Latest Stock Report on Tractor Supply

Tractor Supply Price Performance

TSCO traded down $0.06 during trading on Monday, hitting $271.37. 252,960 shares of the company traded hands, compared to its average volume of 1,139,460. The company has a market cap of $29.26 billion, a PE ratio of 26.43, a P/E/G ratio of 3.42 and a beta of 0.82. The stock’s 50-day simple moving average is $257.69 and its two-hundred day simple moving average is $231.81. Tractor Supply has a 1 year low of $185.00 and a 1 year high of $279.38. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 0.83.

Tractor Supply (NASDAQ:TSCOGet Free Report) last posted its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.13. The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.40 billion. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. Tractor Supply’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the company posted $1.65 earnings per share. As a group, sell-side analysts anticipate that Tractor Supply will post 10.32 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th will be paid a dividend of $1.10 per share. The ex-dividend date is Friday, May 24th. This represents a $4.40 annualized dividend and a yield of 1.62%. Tractor Supply’s payout ratio is 42.84%.

Insider Activity at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 4,335 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the completion of the transaction, the chief financial officer now owns 20,678 shares in the company, valued at $5,314,246. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Tractor Supply news, CFO Kurt D. Barton sold 4,335 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the completion of the transaction, the chief financial officer now owns 20,678 shares in the company, valued at $5,314,246. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kurt D. Barton sold 401 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $232.06, for a total transaction of $93,056.06. Following the transaction, the chief financial officer now owns 25,013 shares of the company’s stock, valued at approximately $5,804,516.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 62,470 shares of company stock valued at $14,773,121. Corporate insiders own 0.58% of the company’s stock.

Tractor Supply Company Profile

(Free Report)

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.

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

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