11,886 Shares in Tractor Supply (NASDAQ:TSCO) Acquired by Aigen Investment Management LP

Aigen Investment Management LP bought a new stake in Tractor Supply (NASDAQ:TSCO - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,886 shares of the specialty retailer's stock, valued at approximately $3,458,000. Tractor Supply comprises 0.7% of Aigen Investment Management LP's portfolio, making the stock its 16th largest position.

Other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC boosted its holdings in shares of Tractor Supply by 2.3% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 10,899 shares of the specialty retailer's stock worth $3,171,000 after buying an additional 249 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Tractor Supply by 2.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 247,752 shares of the specialty retailer's stock worth $72,078,000 after buying an additional 5,759 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Tractor Supply during the 3rd quarter worth approximately $474,000. Harbour Investments Inc. boosted its holdings in shares of Tractor Supply by 4.6% during the 3rd quarter. Harbour Investments Inc. now owns 958 shares of the specialty retailer's stock worth $279,000 after buying an additional 42 shares in the last quarter. Finally, Apollon Wealth Management LLC boosted its holdings in shares of Tractor Supply by 3.1% during the 3rd quarter. Apollon Wealth Management LLC now owns 5,747 shares of the specialty retailer's stock worth $1,672,000 after buying an additional 171 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TSCO. Wedbush reiterated a "neutral" rating and issued a $270.00 target price on shares of Tractor Supply in a report on Friday, October 25th. Gordon Haskett cut Tractor Supply from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, October 24th. Evercore ISI cut Tractor Supply from an "outperform" rating to an "in-line" rating and set a $300.00 price objective on the stock. in a research note on Thursday, October 3rd. Citigroup cut Tractor Supply from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 17th. Finally, Melius Research started coverage on Tractor Supply in a research report on Monday, September 23rd. They set a "buy" rating and a $315.00 target price for the company. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $282.82.

Tractor Supply Price Performance

NASDAQ:TSCO traded down $2.38 during mid-day trading on Tuesday, reaching $279.19. The stock had a trading volume of 837,936 shares, compared to its average volume of 1,058,433. The firm has a 50 day moving average price of $283.77 and a two-hundred day moving average price of $275.24. The stock has a market capitalization of $30.12 billion, a P/E ratio of 27.39, a P/E/G ratio of 3.62 and a beta of 0.82. Tractor Supply has a one year low of $193.73 and a one year high of $307.64. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48.

Tractor Supply Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $4.40 dividend on an annualized basis and a yield of 1.58%. Tractor Supply's dividend payout ratio (DPR) is currently 42.80%.

Insiders Place Their Bets

In related news, CFO Kurt D. Barton sold 23,532 shares of the company's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total value of $6,957,000.48. Following the sale, the chief financial officer now directly owns 9,683 shares of the company's stock, valued at $2,862,682.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.24% of the company's stock.

Tractor Supply Company 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.