Dynamic Technology Lab Private Ltd Has $1.25 Million Holdings in Tractor Supply (NASDAQ:TSCO)

Dynamic Technology Lab Private Ltd cut its holdings in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 43.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,300 shares of the specialty retailer's stock after selling 3,241 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Tractor Supply were worth $1,251,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in TSCO. Dimensional Fund Advisors LP increased its holdings in 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 buying an additional 110,342 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of 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 during the last quarter. Provident Trust Co. increased its holdings in shares of Tractor Supply by 1.7% in the 3rd quarter. Provident Trust Co. now owns 679,701 shares of the specialty retailer's stock valued at $197,745,000 after acquiring an additional 11,139 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position 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 valued at $183,695,000 after acquiring an additional 8,142 shares in the last quarter. Finally, King Luther Capital Management Corp lifted its stake in Tractor Supply by 0.4% during the third quarter. King Luther Capital Management Corp now owns 454,290 shares of the specialty retailer's stock worth $132,166,000 after purchasing an additional 2,018 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Tractor Supply Price Performance

NASDAQ:TSCO traded up $3.42 during midday trading on Wednesday, hitting $283.61. 321,268 shares of the stock were exchanged, compared to its average volume of 1,048,872. The company has a market capitalization of $30.30 billion, a price-to-earnings ratio of 27.26, a P/E/G ratio of 3.59 and a beta of 0.82. 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 has a one year low of $197.00 and a one year high of $307.64. The business has a 50-day moving average price of $284.23 and a two-hundred day moving average price of $275.68.

Tractor Supply Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders 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 annualized dividend and a dividend yield of 1.55%. Tractor Supply's dividend payout ratio (DPR) is 42.80%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Melius Research started coverage on shares of Tractor Supply in a research note on Monday, September 23rd. They set a "buy" rating and a $315.00 target price for the company. Citigroup downgraded shares of Tractor Supply from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. raised their target price on shares of Tractor Supply from $260.00 to $290.00 and gave the stock a "neutral" rating in a report on Wednesday, October 16th. Mizuho upped their target price on Tractor Supply from $250.00 to $270.00 and gave the company a "neutral" rating in a report on Friday, October 25th. Finally, 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $282.59.

Insider Activity at Tractor Supply

In other Tractor Supply 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 transaction, the chief financial officer now 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 SEC, which can be accessed through this hyperlink. Company insiders own 0.58% of the company's stock.

Tractor Supply 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.