Vident Investment Advisory LLC acquired a new stake in Tractor Supply Company (NASDAQ:TSCO) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 7,568 shares of the specialty retailer’s stock, valued at approximately $479,000.

A number of other hedge funds also recently made changes to their positions in TSCO. Vanguard Group Inc. increased its stake in shares of Tractor Supply by 1.4% during the second quarter. Vanguard Group Inc. now owns 12,519,767 shares of the specialty retailer’s stock valued at $678,696,000 after buying an additional 170,986 shares during the period. BlackRock Inc. increased its stake in shares of Tractor Supply by 1.7% during the second quarter. BlackRock Inc. now owns 7,968,825 shares of the specialty retailer’s stock valued at $431,989,000 after buying an additional 133,235 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Tractor Supply by 1.8% during the third quarter. Bank of New York Mellon Corp now owns 6,413,006 shares of the specialty retailer’s stock valued at $405,879,000 after buying an additional 114,539 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Tractor Supply by 7,599.1% during the second quarter. Ameriprise Financial Inc. now owns 4,230,168 shares of the specialty retailer’s stock valued at $229,319,000 after buying an additional 4,175,224 shares during the period. Finally, Fiera Capital Corp increased its stake in shares of Tractor Supply by 14.9% during the second quarter. Fiera Capital Corp now owns 3,700,846 shares of the specialty retailer’s stock valued at $200,623,000 after buying an additional 480,717 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Several equities analysts have recently issued reports on the company. Oppenheimer reissued a “hold” rating on shares of Tractor Supply in a research note on Friday, December 1st. Moffett Nathanson assumed coverage on Tractor Supply in a research note on Monday, December 4th. They set a “neutral” rating on the stock. UBS cut Tractor Supply from a “buy” rating to a “neutral” rating and boosted their target price for the company from $62.00 to $67.00 in a research note on Monday, October 2nd. Piper Jaffray Companies reissued a “hold” rating and set a $57.00 target price on shares of Tractor Supply in a research note on Friday, September 29th. Finally, Robert W. Baird reissued a “buy” rating and set a $66.00 target price on shares of Tractor Supply in a research note on Wednesday, October 4th. Seventeen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $66.26.

Shares of Tractor Supply Company (TSCO) opened at $68.42 on Friday. The firm has a market capitalization of $8,591.09, a price-to-earnings ratio of 20.30, a P/E/G ratio of 1.49 and a beta of 1.32. Tractor Supply Company has a 12 month low of $49.87 and a 12 month high of $78.25. The company has a quick ratio of 0.17, a current ratio of 2.00 and a debt-to-equity ratio of 0.38.

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, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.04. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 earnings per share. analysts predict that Tractor Supply Company will post 3.28 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Monday, November 20th were paid a $0.27 dividend. The ex-dividend date was Friday, November 17th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.58%. Tractor Supply’s dividend payout ratio is currently 32.05%.

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About Tractor Supply

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)

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