Congress Asset Management Co. Buys 7,110 Shares of Tractor Supply (NASDAQ:TSCO)

Congress Asset Management Co. lifted its position in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 4.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 179,458 shares of the specialty retailer's stock after acquiring an additional 7,110 shares during the quarter. Congress Asset Management Co. owned 0.17% of Tractor Supply worth $52,210,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of TSCO. Henrickson Nauta Wealth Advisors Inc. increased its holdings in Tractor Supply by 3.2% in the 3rd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 1,127 shares of the specialty retailer's stock valued at $328,000 after buying an additional 35 shares during the period. Private Advisor Group LLC increased its stake in shares of Tractor Supply by 0.5% in the third quarter. Private Advisor Group LLC now owns 7,693 shares of the specialty retailer's stock valued at $2,238,000 after buying an additional 37 shares during the period. Signature Wealth Management Group boosted its holdings in shares of Tractor Supply by 0.5% during the 2nd quarter. Signature Wealth Management Group now owns 6,999 shares of the specialty retailer's stock worth $1,890,000 after buying an additional 38 shares in the last quarter. X Square Capital LLC raised its position in Tractor Supply by 1.6% in the 2nd quarter. X Square Capital LLC now owns 2,579 shares of the specialty retailer's stock valued at $696,000 after buying an additional 41 shares during the last quarter. Finally, TCI Wealth Advisors Inc. boosted its stake in Tractor Supply by 5.1% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 846 shares of the specialty retailer's stock worth $246,000 after purchasing an additional 41 shares during the period. Hedge funds and other institutional investors own 98.72% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on TSCO. Mizuho boosted their price target on Tractor Supply from $250.00 to $270.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. Melius Research assumed coverage on Tractor Supply in a research report on Monday, September 23rd. They issued a "buy" rating and a $315.00 price objective for the company. Gordon Haskett lowered Tractor Supply from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, October 24th. Benchmark boosted their price target on Tractor Supply from $280.00 to $310.00 and gave the company a "buy" rating in a report on Monday. Finally, Raymond James increased their price objective on shares of Tractor Supply from $285.00 to $290.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $279.00.

Insider Transactions at Tractor Supply

In other news, SVP Matthew L. Rubin sold 540 shares of Tractor Supply stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the sale, the senior vice president now directly 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 at the SEC website. In related news, CFO Kurt D. Barton sold 23,532 shares of the company'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 completion of the sale, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Matthew L. Rubin sold 540 shares of the firm's stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 5,170 shares of the company's stock, valued at $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 owned by corporate insiders.

Tractor Supply Price Performance

TSCO traded down $2.43 on Thursday, hitting $265.51. 1,156,606 shares of the company were exchanged, compared to its average volume of 1,052,627. 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 firm has a market capitalization of $28.64 billion, a P/E ratio of 25.83, a price-to-earnings-growth ratio of 3.42 and a beta of 0.80. The business's fifty day moving average is $282.48 and its 200 day moving average is $273.54. Tractor Supply has a fifty-two week low of $188.07 and a fifty-two week high of $307.64.

Tractor Supply Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Monday, August 26th. Tractor Supply's dividend payout ratio (DPR) is currently 42.80%.

About Tractor Supply

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.