Asset Management One Co. Ltd. Has $12.16 Million Position in Tractor Supply Company (NASDAQ:TSCO)

Asset Management One Co. Ltd. raised its stake in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 7.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 220,704 shares of the specialty retailer's stock after purchasing an additional 15,380 shares during the period. Asset Management One Co. Ltd.'s holdings in Tractor Supply were worth $12,161,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FORA Capital LLC grew its stake in shares of Tractor Supply by 434.1% in the fourth quarter. FORA Capital LLC now owns 35,526 shares of the specialty retailer's stock worth $1,885,000 after acquiring an additional 28,875 shares during the last quarter. Sowell Financial Services LLC raised its holdings in shares of Tractor Supply by 49.3% in the first quarter. Sowell Financial Services LLC now owns 20,029 shares of the specialty retailer's stock valued at $1,104,000 after buying an additional 6,612 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of Tractor Supply by 385.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,089,542 shares of the specialty retailer's stock valued at $59,260,000 after buying an additional 865,273 shares during the last quarter. BOK Financial Private Wealth Inc. raised its holdings in shares of Tractor Supply by 330.2% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 21,355 shares of the specialty retailer's stock valued at $1,133,000 after buying an additional 16,391 shares during the last quarter. Finally, Gen Wealth Partners Inc increased its position in Tractor Supply by 513.8% in the fourth quarter. Gen Wealth Partners Inc now owns 14,320 shares of the specialty retailer's stock worth $760,000 after purchasing an additional 11,987 shares during the period. Institutional investors and hedge funds own 98.72% of the company's stock.

Tractor Supply Stock Performance

TSCO opened at $51.84 on Friday. The firm has a market cap of $27.49 billion, a P/E ratio of 25.74, a price-to-earnings-growth ratio of 2.84 and a beta of 0.74. Tractor Supply Company has a 52-week low of $46.85 and a 52-week high of $61.53. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.17 and a current ratio of 1.41. The business's fifty day moving average is $50.89 and its 200-day moving average is $53.08.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The specialty retailer reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.03). The business had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.55 billion. Tractor Supply had a net margin of 7.24% and a return on equity of 47.56%. The business's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business earned $1.83 earnings per share. Sell-side analysts expect that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend was Wednesday, May 28th. Tractor Supply's payout ratio is 45.77%.

Insider Activity

In other Tractor Supply news, SVP Matthew L. Rubin sold 2,810 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $51.76, for a total value of $145,445.60. Following the transaction, the senior vice president now directly owns 29,722 shares of the company's stock, valued at approximately $1,538,410.72. The trade was a 8.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jonathan S. Estep sold 56,630 shares of the business's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $53.00, for a total value of $3,001,390.00. Following the completion of the transaction, the executive vice president now directly owns 74,605 shares in the company, valued at approximately $3,954,065. This trade represents a 43.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.65% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on TSCO. Wall Street Zen lowered Tractor Supply from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. Telsey Advisory Group set a $60.00 price objective on Tractor Supply in a research report on Friday, April 25th. Raymond James Financial cut their target price on Tractor Supply from $61.00 to $57.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Guggenheim cut their price objective on Tractor Supply from $60.00 to $55.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, UBS Group set a $54.00 price target on Tractor Supply in a research note on Friday, April 25th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $58.02.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.