Meridian Wealth Management LLC acquired a new stake in shares of Tractor Supply (NASDAQ:TSCO - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,918 shares of the specialty retailer's stock, valued at approximately $558,000.
Several other hedge funds have also made changes to their positions in TSCO. Future Financial Wealth Managment LLC bought a new stake in Tractor Supply in the third quarter valued at about $29,000. First Personal Financial Services bought a new stake in shares of Tractor Supply in the 3rd quarter valued at approximately $29,000. LRI Investments LLC acquired a new position in shares of Tractor Supply in the 1st quarter worth approximately $28,000. Whittier Trust Co. lifted its position in shares of Tractor Supply by 60.9% during the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer's stock worth $30,000 after buying an additional 42 shares during the period. Finally, OFI Invest Asset Management acquired a new stake in Tractor Supply in the 2nd quarter valued at $33,000. Institutional investors own 98.72% of the company's stock.
Insider Transactions at Tractor Supply
In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction 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 owns 9,683 shares in the company, valued at $2,862,682.12. This trade represents a 70.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.58% of the company's stock.
Tractor Supply Stock Up 1.9 %
NASDAQ TSCO traded up $5.36 during trading hours on Monday, reaching $285.99. 1,756,329 shares of the company's stock were exchanged, compared to its average volume of 1,053,260. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48. The company has a market capitalization of $30.56 billion, a price-to-earnings ratio of 27.82, a price-to-earnings-growth ratio of 3.53 and a beta of 0.82. The company's 50-day moving average is $284.18 and its two-hundred day moving average is $275.57. Tractor Supply has a one year low of $197.00 and a one year high of $307.64.
Tractor Supply Announces Dividend
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 given a dividend of $1.10 per share. The ex-dividend date is Monday, November 25th. This represents a $4.40 annualized dividend and a yield of 1.54%. Tractor Supply's dividend payout ratio (DPR) is presently 42.80%.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on TSCO shares. Benchmark lifted 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. JPMorgan Chase & Co. boosted their price target on shares of Tractor Supply from $260.00 to $290.00 and gave the company a "neutral" rating in a research report on Wednesday, October 16th. Gordon Haskett cut shares of Tractor Supply from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, October 24th. Robert W. Baird set a $320.00 target price on Tractor Supply in a report on Thursday, October 17th. Finally, UBS Group raised their price target on Tractor Supply from $272.00 to $280.00 and gave the company a "neutral" rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Tractor Supply currently has an average rating of "Moderate Buy" and a consensus target price of $282.59.
Read Our Latest Analysis on Tractor Supply
About Tractor Supply
(
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.
Read More
Before you consider Tractor Supply, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tractor Supply wasn't on the list.
While Tractor Supply currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
