Benjamin Edwards Inc. lifted its holdings in Tractor Supply (NASDAQ:TSCO - Free Report) by 1,501.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 171,050 shares of the specialty retailer's stock after purchasing an additional 160,367 shares during the quarter. Tractor Supply comprises 0.7% of Benjamin Edwards Inc.'s holdings, making the stock its 24th biggest position. Benjamin Edwards Inc. owned approximately 0.16% of Tractor Supply worth $49,773,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in shares of Tractor Supply by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,123,280 shares of the specialty retailer's stock valued at $303,278,000 after purchasing an additional 110,342 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Tractor Supply by 3.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 830,193 shares of the specialty retailer's stock valued at $241,528,000 after acquiring an additional 29,730 shares in the last quarter. Provident Trust Co. boosted its position in Tractor Supply by 1.7% during the 3rd quarter. Provident Trust Co. now owns 679,701 shares of the specialty retailer's stock worth $197,745,000 after acquiring an additional 11,139 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Tractor Supply by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 631,406 shares of the specialty retailer's stock worth $183,695,000 after acquiring an additional 8,142 shares in the last quarter. Finally, King Luther Capital Management Corp raised its holdings in shares of Tractor Supply by 0.4% in the third quarter. King Luther Capital Management Corp now owns 454,290 shares of the specialty retailer's stock valued at $132,166,000 after purchasing an additional 2,018 shares during the last quarter. 98.72% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts recently commented on the stock. Wedbush restated a "neutral" rating and set a $270.00 target price on shares of Tractor Supply in a report on Friday, October 25th. Melius Research began coverage on shares of Tractor Supply in a research note on Monday, September 23rd. They set a "buy" rating and a $315.00 price objective for the company. DA Davidson lifted their target price on Tractor Supply from $300.00 to $325.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Citigroup lowered Tractor Supply from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 17th. Finally, Wells Fargo & Company decreased their price target on Tractor Supply from $325.00 to $320.00 and set an "overweight" rating for the company in a research note on Monday, November 25th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Tractor Supply has a consensus rating of "Moderate Buy" and a consensus price target of $282.59.
View Our Latest Stock Report on TSCO
Insider Transactions at Tractor Supply
In other news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply 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 sale, the chief financial officer now directly owns 9,683 shares in the company, valued at approximately $2,862,682.12. The trade was a 70.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.24% of the company's stock.
Tractor Supply Stock Performance
Shares of Tractor Supply stock traded up $6.60 on Monday, hitting $290.27. The stock had a trading volume of 1,191,170 shares, compared to its average volume of 1,047,953. The stock has a market cap of $31.01 billion, a price-to-earnings ratio of 27.64, a price-to-earnings-growth ratio of 3.56 and a beta of 0.82. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81. Tractor Supply has a twelve month low of $205.48 and a twelve month high of $307.64. The business's 50 day moving average is $284.77 and its two-hundred day moving average is $275.92.
Tractor Supply Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.52%. The ex-dividend date is Monday, November 25th. Tractor Supply's payout ratio is 42.80%.
Tractor Supply Company Profile
(
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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