Stephens Investment Management Group LLC Boosts Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Stephens Investment Management Group LLC boosted its stake in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 1.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 155,988 shares of the specialty retailer's stock after purchasing an additional 2,376 shares during the period. Stephens Investment Management Group LLC owned approximately 0.14% of Tractor Supply worth $45,382,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. LRI Investments LLC acquired a new stake in shares of Tractor Supply during the 1st quarter valued at about $28,000. J.Safra Asset Management Corp grew 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 valued at $29,000 after acquiring 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 valued at about $29,000. Whittier Trust Co. grew 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 valued at $30,000 after acquiring an additional 42 shares during the period. Finally, OFI Invest Asset Management acquired a new stake in shares of Tractor Supply during the 2nd quarter valued at about $33,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the company's stock in a transaction 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 transaction, the senior vice president now owns 5,170 shares in the company, valued at $1,356,349.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction dated 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 of the company's stock, valued at $1,356,349.50. 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 insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TSCO. Barclays raised their target price 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. Raymond James raised their price target on shares of Tractor Supply from $285.00 to $290.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Piper Sandler raised their price target on shares of Tractor Supply from $300.00 to $332.00 and gave the company an "overweight" rating in a research note on Monday, October 14th. UBS Group raised their price target on shares of Tractor Supply from $272.00 to $280.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Finally, Benchmark raised their target price on shares of Tractor Supply from $280.00 to $310.00 and gave the stock a "buy" rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Tractor Supply currently has an average rating of "Hold" and a consensus price target of $279.00.

Tractor Supply Stock Up 0.4 %

Shares of TSCO stock traded up $1.06 on Friday, reaching $266.57. 1,093,867 shares of the stock were exchanged, compared to its average volume of 1,052,821. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81. The business's 50 day moving average price is $282.48 and its 200 day moving average price is $273.54. The company has a market capitalization of $28.75 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 3.36 and a beta of 0.80. Tractor Supply has a twelve month low of $191.38 and a twelve month high of $307.64.

Tractor Supply Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders 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 annualized dividend and a yield of 1.65%. Tractor Supply's dividend payout ratio is presently 42.80%.

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.