GDS Wealth Management Invests $534,000 in Tractor Supply (NASDAQ:TSCO)

GDS Wealth Management bought a new stake in Tractor Supply (NASDAQ:TSCO - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,834 shares of the specialty retailer's stock, valued at approximately $534,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. LRI Investments LLC acquired a new position in Tractor Supply in the first quarter valued at approximately $28,000. J.Safra Asset Management Corp grew its holdings in shares of Tractor Supply by 700.0% during the 1st quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer's stock worth $29,000 after purchasing an additional 98 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in shares of Tractor Supply during the 3rd quarter worth about $29,000. First Personal Financial Services purchased a new stake in Tractor Supply in the 3rd quarter valued at about $29,000. Finally, Whittier Trust Co. lifted its position 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 buying an additional 42 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TSCO has been the topic of a number of research analyst reports. Citigroup downgraded shares of Tractor Supply from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 17th. Mizuho boosted their target price on Tractor Supply from $250.00 to $270.00 and gave the company a "neutral" rating in a research report on Friday, October 25th. Truist Financial dropped their price objective on Tractor Supply from $325.00 to $317.00 and set a "buy" rating for the company in a research note on Friday, October 25th. Benchmark boosted their price objective on Tractor Supply from $280.00 to $310.00 and gave the company a "buy" rating in a report on Monday, October 28th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $270.00 target price on shares of Tractor Supply in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Tractor Supply presently has a consensus rating of "Hold" and an average price target of $282.82.

Tractor Supply Stock Performance

TSCO traded down $7.65 during trading on Monday, hitting $280.91. The stock had a trading volume of 444,816 shares, compared to its average volume of 1,057,497. The firm has a market capitalization of $30.30 billion, a P/E ratio of 28.07, a PEG ratio of 3.62 and a beta of 0.82. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48. Tractor Supply has a twelve month low of $193.73 and a twelve month high of $307.64. The company's 50-day moving average price is $283.49 and its 200 day moving average price is $275.13.

Tractor Supply Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Monday, November 25th. Tractor Supply's dividend payout ratio is presently 42.80%.

Insider Buying and Selling at Tractor Supply

In other news, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 9,683 shares in the company, valued at $2,862,682.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.24% of the stock is owned by corporate insiders.

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.