CWA Asset Management Group LLC Makes New $4.27 Million Investment in Tractor Supply (NASDAQ:TSCO)

CWA Asset Management Group LLC purchased a new stake in Tractor Supply (NASDAQ:TSCO - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 14,671 shares of the specialty retailer's stock, valued at approximately $4,268,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Future Financial Wealth Managment LLC acquired a new position in Tractor Supply in the third quarter valued at $29,000. LRI Investments LLC acquired a new position in Tractor Supply in the first quarter valued at $28,000. Whittier Trust Co. increased its stake in Tractor Supply by 60.9% in the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer's stock valued at $30,000 after purchasing an additional 42 shares during the period. J.Safra Asset Management Corp increased its stake in Tractor Supply by 700.0% in the first quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer's stock valued at $29,000 after purchasing an additional 98 shares during the period. Finally, OFI Invest Asset Management acquired a new position in Tractor Supply in the second quarter valued at $33,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

Tractor Supply Price Performance

Shares of NASDAQ TSCO traded down $0.73 on Friday, hitting $288.56. The company's stock had a trading volume of 1,201,907 shares, compared to its average volume of 1,060,391. Tractor Supply has a 12-month low of $193.60 and a 12-month high of $307.64. The company has a market capitalization of $31.13 billion, a price-to-earnings ratio of 28.07, a price-to-earnings-growth ratio of 3.62 and a beta of 0.82. 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 stock has a 50 day moving average of $283.49 and a 200-day moving average of $275.01.

Tractor Supply Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Monday, November 25th. Tractor Supply's dividend payout ratio (DPR) is presently 42.80%.

Analysts Set New Price Targets

TSCO has been the topic of a number of recent research reports. Barclays lifted their price objective on shares of Tractor Supply from $240.00 to $250.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Truist Financial dropped their price target on shares of Tractor Supply from $325.00 to $317.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Wedbush reiterated a "neutral" rating and set a $270.00 price target on shares of Tractor Supply in a research note on Friday, October 25th. Melius Research initiated coverage on shares of Tractor Supply in a research note on Monday, September 23rd. They set a "buy" rating and a $315.00 price target on the stock. Finally, Loop Capital boosted their price target on shares of Tractor Supply from $250.00 to $260.00 and gave the stock a "hold" rating in a research note on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Tractor Supply presently has a consensus rating of "Hold" and a consensus target price of $282.82.

Insider Buying and Selling at Tractor Supply

In related news, CFO Kurt D. Barton sold 23,532 shares of the company's stock in a transaction that occurred 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 transaction, the chief financial officer now owns 9,683 shares of the company's stock, valued at approximately $2,862,682.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Kurt D. Barton sold 23,532 shares of the company's stock in a transaction that occurred 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 transaction, the chief financial officer now owns 9,683 shares of the company's stock, valued at approximately $2,862,682.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Matthew L. Rubin sold 540 shares of the company's stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the transaction, the senior vice president now directly owns 5,170 shares in the company, valued at $1,356,349.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.24% of the company's stock.

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.