Tractor Supply (NASDAQ:TSCO) Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB reduced its position in Tractor Supply (NASDAQ:TSCOFree Report) by 97.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,840 shares of the specialty retailer’s stock after selling 361,404 shares during the quarter. Nordea Investment Management AB’s holdings in Tractor Supply were worth $2,054,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its holdings in Tractor Supply by 14.8% in the 3rd quarter. AQR Capital Management LLC now owns 25,162 shares of the specialty retailer’s stock valued at $5,109,000 after buying an additional 3,251 shares in the last quarter. Diversified Trust Co raised its position in shares of Tractor Supply by 3.3% during the 3rd quarter. Diversified Trust Co now owns 4,405 shares of the specialty retailer’s stock valued at $894,000 after buying an additional 142 shares during the period. Public Sector Pension Investment Board lifted its holdings in Tractor Supply by 11.1% in the third quarter. Public Sector Pension Investment Board now owns 11,655 shares of the specialty retailer’s stock valued at $2,367,000 after acquiring an additional 1,163 shares during the last quarter. Deutsche Bank AG grew its position in Tractor Supply by 12.3% in the third quarter. Deutsche Bank AG now owns 652,866 shares of the specialty retailer’s stock worth $132,564,000 after acquiring an additional 71,463 shares during the period. Finally, Banque Pictet & Cie SA increased its stake in Tractor Supply by 5.8% during the third quarter. Banque Pictet & Cie SA now owns 6,999 shares of the specialty retailer’s stock worth $1,421,000 after acquiring an additional 384 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on TSCO. Morgan Stanley increased their price target on Tractor Supply from $195.00 to $235.00 and gave the stock an “underweight” rating in a report on Friday, April 26th. Robert W. Baird upped their price objective on shares of Tractor Supply from $260.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Wedbush reissued a “neutral” rating and issued a $235.00 target price on shares of Tractor Supply in a research report on Tuesday, April 23rd. Raymond James upped their price target on Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, Barclays lifted their price objective on Tractor Supply from $234.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $253.96.

View Our Latest Stock Report on Tractor Supply

Tractor Supply Price Performance

TSCO stock opened at $259.25 on Thursday. The business has a 50 day moving average price of $274.28 and a 200 day moving average price of $253.01. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 0.83. The stock has a market cap of $27.95 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 3.40 and a beta of 0.81. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $290.38.

Tractor Supply (NASDAQ:TSCOGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.13. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter in the previous year, the firm earned $1.65 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. Equities research analysts anticipate that Tractor Supply will post 10.34 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date was Friday, May 24th. Tractor Supply’s dividend payout ratio (DPR) is currently 42.84%.

Tractor Supply 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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