Neuberger Berman Group LLC Trims Position in Tractor Supply Company (TSCO)
Neuberger Berman Group LLC lessened its stake in Tractor Supply Company (NASDAQ:TSCO) by 19.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,497,468 shares of the specialty retailer’s stock after selling 597,673 shares during the period. Neuberger Berman Group LLC owned about 1.99% of Tractor Supply worth $158,065,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Comerica Securities Inc. raised its position in Tractor Supply by 67.4% in the second quarter. Comerica Securities Inc. now owns 5,596 shares of the specialty retailer’s stock worth $303,000 after purchasing an additional 2,254 shares in the last quarter. Andra AP fonden raised its position in Tractor Supply by 88.8% in the second quarter. Andra AP fonden now owns 18,500 shares of the specialty retailer’s stock worth $1,003,000 after purchasing an additional 8,700 shares in the last quarter. Strs Ohio raised its position in Tractor Supply by 248.4% in the third quarter. Strs Ohio now owns 5,818 shares of the specialty retailer’s stock worth $368,000 after purchasing an additional 4,148 shares in the last quarter. Tandem Investment Advisors Inc. raised its position in Tractor Supply by 8.8% in the second quarter. Tandem Investment Advisors Inc. now owns 90,437 shares of the specialty retailer’s stock worth $4,903,000 after purchasing an additional 7,347 shares in the last quarter. Finally, Achmea Investment Management B.V. raised its position in Tractor Supply by 58.3% in the second quarter. Achmea Investment Management B.V. now owns 12,891 shares of the specialty retailer’s stock worth $697,000 after purchasing an additional 4,748 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.
Shares of Tractor Supply Company (NASDAQ TSCO) opened at $67.92 on Thursday. The company has a quick ratio of 0.17, a current ratio of 2.00 and a debt-to-equity ratio of 0.38. The firm has a market cap of $8,518.29, a P/E ratio of 20.13, a P/E/G ratio of 1.48 and a beta of 1.32. Tractor Supply Company has a fifty-two week low of $49.87 and a fifty-two week high of $78.25.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.68 billion. Tractor Supply had a net margin of 6.04% and a return on equity of 31.25%. Tractor Supply’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 earnings per share. research analysts expect that Tractor Supply Company will post 3.28 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Investors of record on Monday, November 20th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Friday, November 17th. Tractor Supply’s dividend payout ratio is currently 32.05%.
TSCO has been the subject of several recent research reports. Oppenheimer reissued a “hold” rating on shares of Tractor Supply in a research report on Thursday, October 26th. Credit Suisse Group set a $52.00 price objective on shares of Tractor Supply and gave the stock a “hold” rating in a report on Thursday, October 26th. Robert W. Baird set a $62.00 price objective on shares of Tractor Supply and gave the stock a “buy” rating in a report on Friday, August 25th. BMO Capital Markets reaffirmed a “hold” rating and set a $61.00 price objective on shares of Tractor Supply in a report on Thursday, November 2nd. Finally, Zacks Investment Research raised shares of Tractor Supply from a “strong sell” rating to a “hold” rating in a report on Friday, October 27th. Seventeen analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $66.26.
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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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