Allspring Global Investments Holdings LLC Acquires 3,182 Shares of Tractor Supply (NASDAQ:TSCO)

Allspring Global Investments Holdings LLC grew its stake in Tractor Supply (NASDAQ:TSCO - Free Report) by 48.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,801 shares of the specialty retailer's stock after buying an additional 3,182 shares during the period. Allspring Global Investments Holdings LLC's holdings in Tractor Supply were worth $2,851,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. LRI Investments LLC acquired a new position in Tractor Supply during the 1st quarter worth $28,000. J.Safra Asset Management Corp lifted its position 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 last quarter. Future Financial Wealth Managment LLC bought a new stake in Tractor Supply during the 3rd quarter valued at approximately $29,000. Whittier Trust Co. grew its holdings in Tractor Supply by 60.9% in the 2nd 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. Finally, OFI Invest Asset Management bought a new position in Tractor Supply in the 2nd quarter worth approximately $33,000. Institutional investors own 98.72% of the company's stock.

Tractor Supply Trading Down 0.3 %

Shares of Tractor Supply stock traded down $0.86 during trading on Wednesday, reaching $267.94. 1,101,349 shares of the company were exchanged, compared to its average volume of 1,052,132. The business has a 50-day moving average price of $282.46 and a 200-day moving average price of $273.64. The firm has a market capitalization of $28.90 billion, a price-to-earnings ratio of 26.15, a P/E/G ratio of 3.42 and a beta of 0.80. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81. Tractor Supply has a twelve month low of $188.07 and a twelve month high of $307.64.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were paid a $1.10 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.64%. Tractor Supply's dividend payout ratio (DPR) is presently 42.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Barclays increased their price objective on Tractor Supply from $240.00 to $250.00 and gave the company an "equal weight" rating in a research report on Friday, October 25th. Wells Fargo & Company increased their price target on shares of Tractor Supply from $295.00 to $325.00 and gave the company an "overweight" rating in a report on Friday, October 11th. Evercore ISI downgraded shares of Tractor Supply from an "outperform" rating to an "in-line" rating and set a $300.00 price objective on the stock. in a report on Thursday, October 3rd. Mizuho increased their target price on shares of Tractor Supply from $250.00 to $270.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Finally, Citigroup lowered Tractor Supply from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $279.00.

Insider Activity at Tractor Supply

In related news, CFO Kurt D. Barton sold 23,532 shares of the business'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 completion of 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related 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 of the company's stock, valued at approximately $2,862,682.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Matthew L. Rubin sold 540 shares of the business's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the completion of the transaction, the senior vice president now directly owns 5,170 shares of the company's stock, valued at approximately $1,356,349.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by corporate insiders.

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.