CANADA LIFE ASSURANCE Co Decreases Stock Holdings in Tractor Supply (NASDAQ:TSCO)

CANADA LIFE ASSURANCE Co lowered its position in shares of Tractor Supply (NASDAQ:TSCO) by 2.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 96,760 shares of the specialty retailer’s stock after selling 1,931 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in Tractor Supply were worth $25,340,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TSCO. Wedmont Private Capital grew its stake in shares of Tractor Supply by 3.6% in the first quarter. Wedmont Private Capital now owns 1,309 shares of the specialty retailer’s stock worth $331,000 after purchasing an additional 45 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in Tractor Supply by 998.2% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 109,403 shares of the specialty retailer’s stock worth $23,525,000 after acquiring an additional 99,441 shares during the period. Scotia Capital Inc. boosted its holdings in Tractor Supply by 792.9% in the fourth quarter. Scotia Capital Inc. now owns 19,438 shares of the specialty retailer’s stock valued at $4,180,000 after acquiring an additional 17,261 shares in the last quarter. WCM Investment Management LLC purchased a new position in Tractor Supply during the 4th quarter valued at $782,000. Finally, Vanguard Group Inc. raised its holdings in Tractor Supply by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 12,804,873 shares of the specialty retailer’s stock worth $2,753,432,000 after purchasing an additional 48,439 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Performance

TSCO opened at $257.44 on Friday. 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 12-month low of $185.00 and a 12-month high of $290.38. The company has a market cap of $27.75 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 3.42 and a beta of 0.81. The company’s 50 day moving average is $273.95 and its 200 day moving average is $256.96.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, missing the consensus estimate of $3.94 by ($0.01). Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.28 billion. During the same period last year, the business earned $3.83 EPS. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts predict that Tractor Supply will post 10.33 EPS for the current year.

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th were paid a $1.10 dividend. The ex-dividend date was Friday, May 24th. This represents a $4.40 dividend on an annualized basis and a yield of 1.71%. Tractor Supply’s payout ratio is presently 42.84%.

Analyst Ratings Changes

TSCO has been the topic of several research analyst reports. Wedbush reiterated a “neutral” rating and set a $235.00 price target on shares of Tractor Supply in a research report on Tuesday, April 23rd. Morgan Stanley lifted their target price on shares of Tractor Supply from $195.00 to $235.00 and gave the company an “underweight” rating in a report on Friday, April 26th. Piper Sandler upped their price target on Tractor Supply from $265.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. Robert W. Baird lifted their price objective on Tractor Supply from $260.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, Benchmark reissued a “buy” rating and issued a $256.00 target price on shares of Tractor Supply in a report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $254.38.

About Tractor Supply

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.