Todays Report: Today: Alta Capital Management LLC invests in Tractor Supply Co. (TSCO) Shares

Today: Alta Capital Management LLC invests in Tractor Supply Co. (TSCO) Shares

Alta Capital Management LLC increased its stake in Tractor Supply Co. (NASDAQ:TSCO) by 1.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 171,316 shares of the company’s stock after buying an additional 2,460 shares during the period. Alta Capital Management LLC’s holdings in Tractor Supply were worth $11,538,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Tractor Supply by 1.7% in the second quarter. Vanguard Group Inc. now owns 11,625,336 shares of the company’s stock valued at $1,059,998,000 after buying an additional 189,876 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Tractor Supply by 1.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,464,266 shares of the company’s stock valued at $315,872,000 after buying an additional 33,365 shares in the last quarter. Fiera Capital Corp increased its position in shares of Tractor Supply by 12.1% in the second quarter. Fiera Capital Corp now owns 2,168,378 shares of the company’s stock valued at $197,713,000 after buying an additional 234,205 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of Tractor Supply by 54.3% in the second quarter. William Blair Investment Management LLC now owns 2,150,617 shares of the company’s stock valued at $196,093,000 after buying an additional 756,716 shares in the last quarter. Finally, BlackRock Fund Advisors increased its position in shares of Tractor Supply by 1.7% in the second quarter. BlackRock Fund Advisors now owns 2,147,173 shares of the company’s stock valued at $195,779,000 after buying an additional 36,634 shares in the last quarter. Hedge funds and other institutional investors own 90.57% of the company’s stock.

Shares of Tractor Supply Co. (NASDAQ:TSCO) traded up 0.42% during midday trading on Monday, reaching $74.92. 1,088,044 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $67.80 and its 200 day moving average price is $81.65. The stock has a market capitalization of $9.83 billion, a P/E ratio of 23.78 and a beta of 1.23. Tractor Supply Co. has a 1-year low of $61.50 and a 1-year high of $97.25.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Wednesday, October 19th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.01. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.54 billion. Tractor Supply had a net margin of 6.53% and a return on equity of 29.78%. Tractor Supply’s revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.64 EPS. On average, equities analysts predict that Tractor Supply Co. will post $3.24 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 29th. Shareholders of record on Monday, November 14th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $0.96 annualized dividend and a yield of 1.29%. Tractor Supply’s payout ratio is 30.48%.

Several research analysts recently weighed in on the stock. TheStreet downgraded shares of Tractor Supply from a “buy” rating to a “hold” rating in a report on Monday, November 7th. Zacks Investment Research raised shares of Tractor Supply from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 8th. Argus downgraded shares of Tractor Supply from a “buy” rating to a “hold” rating in a report on Friday, October 28th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $73.00 target price (down previously from $77.00) on shares of Tractor Supply in a report on Saturday, October 22nd. Finally, Guggenheim reissued a “buy” rating and set a $85.00 price objective (down previously from $90.00) on shares of Tractor Supply in a report on Saturday, October 22nd. Fourteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Tractor Supply presently has an average rating of “Hold” and an average price target of $85.95.

In other news, Director Mark J. Weikel bought 1,000 shares of the firm’s stock in a transaction on Thursday, November 3rd. The shares were bought at an average cost of $66.14 per share, for a total transaction of $66,140.00. Following the acquisition, the director now directly owns 5,627 shares of the company’s stock, valued at approximately $372,169.78. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by company insiders.

Tractor Supply Company Profile

Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company operates in the retail sale of products that support the rural lifestyle segment. The Company focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses.

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