Bank of Montreal Can Sells 3,273 Shares of Tractor Supply (NASDAQ:TSCO)

Bank of Montreal Can decreased its holdings in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 3.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 102,358 shares of the specialty retailer's stock after selling 3,273 shares during the period. Bank of Montreal Can owned approximately 0.10% of Tractor Supply worth $29,289,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Comerica Bank boosted its stake in Tractor Supply by 2.8% during the 1st quarter. Comerica Bank now owns 28,151 shares of the specialty retailer's stock worth $7,368,000 after acquiring an additional 779 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Tractor Supply by 199.0% in the 1st quarter. Cetera Investment Advisers now owns 35,771 shares of the specialty retailer's stock valued at $9,362,000 after buying an additional 23,806 shares in the last quarter. Cetera Advisors LLC raised its stake in Tractor Supply by 37.3% during the 1st quarter. Cetera Advisors LLC now owns 10,729 shares of the specialty retailer's stock worth $2,808,000 after buying an additional 2,916 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Tractor Supply by 12.9% during the first quarter. EverSource Wealth Advisors LLC now owns 917 shares of the specialty retailer's stock worth $250,000 after acquiring an additional 105 shares in the last quarter. Finally, Transcend Capital Advisors LLC lifted its holdings in Tractor Supply by 13.0% during the second quarter. Transcend Capital Advisors LLC now owns 4,654 shares of the specialty retailer's stock worth $1,257,000 after acquiring an additional 536 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.

Insiders Place Their Bets

In related news, CFO Kurt D. Barton sold 23,532 shares of the company's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.24% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Evercore ISI upgraded Tractor Supply from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 15th. Wells Fargo & Company reduced their price target on shares of Tractor Supply from $325.00 to $320.00 and set an "overweight" rating for the company in a report on Monday, November 25th. Mizuho raised their price objective on shares of Tractor Supply from $250.00 to $270.00 and gave the stock a "neutral" rating in a report on Friday, October 25th. Robert W. Baird set a $320.00 price target on Tractor Supply in a report on Thursday, October 17th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $335.00 price objective on shares of Tractor Supply in a report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $282.59.

Tractor Supply Stock Performance

Shares of TSCO stock traded up $1.71 during trading on Friday, reaching $283.67. 763,894 shares of the company's stock were exchanged, compared to its average volume of 1,049,463. 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 firm's fifty day moving average price is $284.77 and its 200-day moving average price is $275.91. Tractor Supply has a twelve month low of $197.91 and a twelve month high of $307.64. The stock has a market capitalization of $30.31 billion, a PE ratio of 27.59, a PEG ratio of 3.54 and a beta of 0.82.

Tractor Supply Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Monday, November 25th. Tractor Supply's dividend payout ratio is presently 42.80%.

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.