B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Tractor Supply (NASDAQ:TSCO - Free Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 13,288 shares of the specialty retailer's stock, valued at approximately $3,866,000.
A number of other institutional investors also recently bought and sold shares of the business. Henrickson Nauta Wealth Advisors Inc. raised its holdings in shares of Tractor Supply by 3.2% during the third quarter. Henrickson Nauta Wealth Advisors Inc. now owns 1,127 shares of the specialty retailer's stock worth $328,000 after purchasing an additional 35 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of Tractor Supply by 0.5% in the 3rd quarter. Private Advisor Group LLC now owns 7,693 shares of the specialty retailer's stock valued at $2,238,000 after buying an additional 37 shares during the period. Signature Wealth Management Group boosted its stake in shares of Tractor Supply by 0.5% in the second quarter. Signature Wealth Management Group now owns 6,999 shares of the specialty retailer's stock worth $1,890,000 after buying an additional 38 shares during the last quarter. X Square Capital LLC grew its holdings in Tractor Supply by 1.6% during the second quarter. X Square Capital LLC now owns 2,579 shares of the specialty retailer's stock worth $696,000 after acquiring an additional 41 shares during the period. Finally, TCI Wealth Advisors Inc. lifted its holdings in Tractor Supply by 5.1% in the third quarter. TCI Wealth Advisors Inc. now owns 846 shares of the specialty retailer's stock valued at $246,000 after acquiring an additional 41 shares during the period. 98.72% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the stock. Barclays lifted their target price on shares of Tractor Supply from $240.00 to $250.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. Benchmark increased their price target on Tractor Supply from $280.00 to $310.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Evercore ISI upgraded Tractor Supply from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 15th. Gordon Haskett lowered Tractor Supply from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, October 24th. Finally, Citigroup lowered shares of Tractor Supply from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $282.82.
Check Out Our Latest Stock Report on Tractor Supply
Insider Buying and Selling
In other 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 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 SEC, which is available at this hyperlink. 0.24% of the stock is currently owned by company insiders.
Tractor Supply Price Performance
Shares of TSCO stock opened at $270.00 on Thursday. The firm's 50-day moving average is $284.33 and its two-hundred day moving average is $275.40. Tractor Supply has a 12 month low of $193.73 and a 12 month high of $307.64. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17. The company has a market capitalization of $28.85 billion, a PE ratio of 26.26, a price-to-earnings-growth ratio of 3.42 and a beta of 0.82.
Tractor Supply Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Monday, November 25th. Tractor Supply's dividend payout ratio is presently 42.80%.
About Tractor Supply
(
Free Report)
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.
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