Assenagon Asset Management S.A. lifted its position in Tractor Supply (NASDAQ:TSCO - Free Report) by 87.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,558 shares of the specialty retailer's stock after purchasing an additional 23,057 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Tractor Supply were worth $14,418,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Future Financial Wealth Managment LLC acquired a new stake in shares of Tractor Supply in the 3rd quarter valued at about $29,000. LRI Investments LLC acquired a new stake in Tractor Supply during the 1st quarter worth approximately $28,000. Whittier Trust Co. lifted its position in 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 acquiring an additional 42 shares during the period. J.Safra Asset Management Corp lifted its position in 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 acquiring an additional 98 shares during the period. Finally, OFI Invest Asset Management acquired a new stake in Tractor Supply during the 2nd quarter worth approximately $33,000. 98.72% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, CFO Kurt D. Barton sold 23,532 shares of the firm's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, SVP Matthew L. Rubin sold 540 shares of the firm's stock in a transaction on Monday, August 12th. The stock was sold at an average price of $262.35, for a total transaction of $141,669.00. Following the sale, the senior vice president now owns 5,170 shares in the company, valued at $1,356,349.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kurt D. Barton sold 23,532 shares of the firm's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total value of $6,957,000.48. Following the sale, 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 disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.
Tractor Supply Price Performance
Tractor Supply stock traded down $1.52 during mid-day trading on Friday, hitting $272.77. 826,163 shares of the company were exchanged, compared to its average volume of 1,052,698. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.43 and a quick ratio of 0.25. The business's 50 day simple moving average is $282.24 and its two-hundred day simple moving average is $273.33. The company has a market capitalization of $29.41 billion, a P/E ratio of 26.56, a PEG ratio of 3.66 and a beta of 0.80. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $307.64.
Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, hitting the consensus estimate of $3.93. The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.28 billion. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. Tractor Supply's revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $3.83 earnings per share. Analysts forecast that Tractor Supply will post 10.23 earnings per share for the current fiscal year.
Tractor Supply Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Monday, August 26th. Tractor Supply's payout ratio is 42.84%.
Wall Street Analyst Weigh In
TSCO has been the subject of a number of recent research reports. Wedbush reaffirmed a "neutral" rating and set a $270.00 price objective on shares of Tractor Supply in a research report on Friday. Mizuho increased their price objective on Tractor Supply from $250.00 to $270.00 and gave the stock a "neutral" rating in a research report on Friday. Truist Financial decreased their price objective on Tractor Supply from $325.00 to $317.00 and set a "buy" rating for the company in a research report on Friday. Barclays increased their price objective on Tractor Supply from $240.00 to $250.00 and gave the stock an "equal weight" rating in a research report on Friday. Finally, JPMorgan Chase & Co. increased their target price on Tractor Supply from $260.00 to $290.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $277.70.
Check Out Our Latest Stock 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.
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