BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 2,682 Shares of Tractor Supply (NASDAQ:TSCO)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its holdings in Tractor Supply (NASDAQ:TSCO - Free Report) by 13.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,986 shares of the specialty retailer's stock after selling 2,682 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Tractor Supply were worth $5,233,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Assenagon Asset Management S.A. boosted its position in shares of Tractor Supply by 527.7% during the second quarter. Assenagon Asset Management S.A. now owns 26,501 shares of the specialty retailer's stock valued at $7,155,000 after purchasing an additional 22,279 shares in the last quarter. Ballentine Partners LLC boosted its position in shares of Tractor Supply by 2.1% during the second quarter. Ballentine Partners LLC now owns 4,504 shares of the specialty retailer's stock valued at $1,216,000 after purchasing an additional 93 shares in the last quarter. Silvant Capital Management LLC boosted its position in shares of Tractor Supply by 20.9% during the third quarter. Silvant Capital Management LLC now owns 14,781 shares of the specialty retailer's stock valued at $4,300,000 after purchasing an additional 2,556 shares in the last quarter. Blueshift Asset Management LLC boosted its position in shares of Tractor Supply by 32.7% during the third quarter. Blueshift Asset Management LLC now owns 9,945 shares of the specialty retailer's stock valued at $2,893,000 after purchasing an additional 2,452 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Tractor Supply by 199.0% in the first quarter. Cetera Investment Advisers now owns 35,771 shares of the specialty retailer's stock worth $9,362,000 after acquiring an additional 23,806 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Tractor Supply Stock Performance

NASDAQ TSCO traded down $5.29 on Tuesday, reaching $284.98. 1,222,483 shares of the stock were exchanged, compared to its average volume of 1,050,813. The firm has a market capitalization of $30.45 billion, a PE ratio of 27.72, a PEG ratio of 3.64 and a beta of 0.83. Tractor Supply has a one year low of $205.48 and a one year high of $307.64. The company's 50-day simple moving average is $285.04 and its two-hundred day simple moving average is $276.02. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81.

Tractor Supply Dividend Announcement

The firm also recently declared 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. 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 1.54%. Tractor Supply's dividend payout ratio is presently 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 shares were sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the completion of the transaction, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. This represents a 70.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on TSCO. Melius Research began coverage on Tractor Supply in a report on Monday, September 23rd. They issued a "buy" rating and a $315.00 target price on the stock. Citigroup downgraded Tractor Supply from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 17th. Wells Fargo & Company dropped their target price on Tractor Supply from $325.00 to $320.00 and set an "overweight" rating on the stock in a report on Monday, November 25th. Truist Financial dropped their target price on Tractor Supply from $325.00 to $317.00 and set a "buy" rating on the stock in a report on Friday, October 25th. Finally, Mizuho boosted their price target on Tractor Supply from $250.00 to $270.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $282.59.

About Tractor Supply

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.