Pensioenfonds Rail & OV Cuts Holdings in Tractor Supply (NASDAQ:TSCO)

Pensioenfonds Rail & OV trimmed its stake in Tractor Supply (NASDAQ:TSCO) by 30.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 149,656 shares of the specialty retailer’s stock after selling 64,622 shares during the period. Tractor Supply accounts for 2.8% of Pensioenfonds Rail & OV’s portfolio, making the stock its 14th largest position. Pensioenfonds Rail & OV owned 0.14% of Tractor Supply worth $39,168,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Tractor Supply by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 12,804,873 shares of the specialty retailer’s stock valued at $2,753,432,000 after acquiring an additional 48,439 shares during the last quarter. Capital International Investors lifted its holdings in shares of Tractor Supply by 7.6% during the 4th quarter. Capital International Investors now owns 6,233,852 shares of the specialty retailer’s stock valued at $1,340,589,000 after purchasing an additional 439,954 shares during the last quarter. Capital World Investors grew its stake in Tractor Supply by 10.0% during the 4th quarter. Capital World Investors now owns 5,849,188 shares of the specialty retailer’s stock worth $1,257,751,000 after buying an additional 531,170 shares during the last quarter. Wellington Management Group LLP grew its stake in Tractor Supply by 63.2% during the 4th quarter. Wellington Management Group LLP now owns 4,606,455 shares of the specialty retailer’s stock worth $990,526,000 after buying an additional 1,784,304 shares during the last quarter. Finally, Stifel Financial Corp increased its position in Tractor Supply by 0.4% during the 4th quarter. Stifel Financial Corp now owns 1,589,461 shares of the specialty retailer’s stock valued at $341,793,000 after buying an additional 6,879 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Tractor Supply Stock Up 1.0 %

NASDAQ:TSCO traded up $2.64 during mid-day trading on Wednesday, hitting $267.20. The stock had a trading volume of 784,356 shares, compared to its average volume of 1,146,558. 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 has a twelve month low of $185.00 and a twelve month high of $290.38. The company has a market capitalization of $28.81 billion, a PE ratio of 26.01, a PEG ratio of 3.44 and a beta of 0.83. The stock has a 50-day simple moving average of $273.77 and a two-hundred day simple moving average of $249.56.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.13. The business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.40 billion. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The company’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the business earned $1.65 EPS. On average, equities research analysts anticipate that Tractor Supply will post 10.34 EPS for the current year.

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date was Friday, May 24th. Tractor Supply’s dividend payout ratio (DPR) is 42.84%.

Analyst Ratings Changes

TSCO has been the topic of a number of research analyst reports. Barclays boosted their price target on Tractor Supply from $234.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Raymond James boosted their target price on shares of Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Mizuho reaffirmed a “neutral” rating and issued a $250.00 price target (up previously from $245.00) on shares of Tractor Supply in a report on Friday, April 26th. Robert W. Baird boosted their price objective on shares of Tractor Supply from $260.00 to $285.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Wells Fargo & Company raised their target price on Tractor Supply from $250.00 to $285.00 and gave the stock an “overweight” rating in a research note on Monday, March 25th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $254.17.

Tractor Supply Profile

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.