Ascent Group LLC Has $610,000 Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Ascent Group LLC decreased its position in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 77.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,096 shares of the specialty retailer's stock after selling 7,290 shares during the quarter. Ascent Group LLC's holdings in Tractor Supply were worth $610,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of TSCO. Benjamin Edwards Inc. grew its position in shares of Tractor Supply by 1,501.1% in the 3rd quarter. Benjamin Edwards Inc. now owns 171,050 shares of the specialty retailer's stock valued at $49,773,000 after purchasing an additional 160,367 shares during the period. Erste Asset Management GmbH bought a new stake in shares of Tractor Supply during the third quarter worth $485,000. Edgestream Partners L.P. acquired a new stake in shares of Tractor Supply during the third quarter worth $1,082,000. Caisse DE Depot ET Placement DU Quebec lifted its position in Tractor Supply by 71.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 66,347 shares of the specialty retailer's stock valued at $19,302,000 after acquiring an additional 27,600 shares in the last quarter. Finally, Icon Wealth Advisors LLC acquired a new position in Tractor Supply in the 3rd quarter worth $111,000. Institutional investors own 98.72% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on TSCO. Evercore ISI upgraded Tractor Supply from a "hold" rating to a "strong-buy" rating in a report on Friday, November 15th. Barclays upped their price target on Tractor Supply from $240.00 to $250.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Raymond James lifted their price objective on shares of Tractor Supply from $285.00 to $290.00 and gave the company an "outperform" rating in a report on Friday, October 25th. DA Davidson increased their target price on shares of Tractor Supply from $300.00 to $325.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Finally, Mizuho lifted their price target on shares of Tractor Supply from $250.00 to $270.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $282.59.

Tractor Supply Stock Performance

Shares of Tractor Supply stock traded down $3.39 during trading on Thursday, reaching $282.47. The company's stock had a trading volume of 1,153,161 shares, compared to its average volume of 1,050,965. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81. The business's 50-day moving average price is $285.28 and its 200-day moving average price is $276.09. Tractor Supply has a 52 week low of $206.60 and a 52 week high of $307.64. The firm has a market cap of $30.18 billion, a PE ratio of 27.81, a P/E/G ratio of 3.57 and a beta of 0.83.

Tractor Supply shares are set to split on Friday, December 20th. The 5-1 split was announced on Thursday, December 5th. The newly issued shares will be payable to shareholders after the closing bell on Thursday, December 19th.

Tractor Supply Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Monday, November 25th. Tractor Supply's dividend payout ratio (DPR) is presently 42.80%.

Insider Buying and Selling

In related news, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total value of $6,957,000.48. Following the completion of the transaction, the chief financial officer now owns 9,683 shares of the company's stock, valued at $2,862,682.12. This represents a 70.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.24% of the stock is currently owned by company insiders.

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.