National Pension Service Buys 2,510 Shares of Tractor Supply (NASDAQ:TSCO)

National Pension Service boosted its holdings in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 157,441 shares of the specialty retailer's stock after acquiring an additional 2,510 shares during the period. National Pension Service owned approximately 0.15% of Tractor Supply worth $45,804,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Private Advisor Group LLC lifted its stake in Tractor Supply by 9.0% in the first quarter. Private Advisor Group LLC now owns 7,116 shares of the specialty retailer's stock valued at $1,862,000 after buying an additional 589 shares in the last quarter. Avidian Wealth Solutions LLC bought a new position in Tractor Supply during the 1st quarter worth about $211,000. Duality Advisers LP raised its stake in shares of Tractor Supply by 24.6% in the 1st quarter. Duality Advisers LP now owns 25,733 shares of the specialty retailer's stock valued at $6,735,000 after purchasing an additional 5,079 shares during the period. Empirical Finance LLC lifted its holdings in shares of Tractor Supply by 3.4% in the first quarter. Empirical Finance LLC now owns 4,039 shares of the specialty retailer's stock valued at $1,057,000 after purchasing an additional 133 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its position in shares of Tractor Supply by 3.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 5,980 shares of the specialty retailer's stock worth $1,565,000 after buying an additional 188 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Tractor Supply

In related 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 value of $141,669.00. Following the transaction, the senior vice president now owns 5,170 shares in the company, valued at approximately $1,356,349.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Tractor Supply 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 value 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 document filed with the SEC, which can be accessed through the SEC website. Also, SVP Matthew L. Rubin sold 540 shares of the business's stock in a transaction on Monday, August 12th. The stock was sold at an average price of $262.35, for a total value of $141,669.00. Following the transaction, the senior vice president now directly 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. Insiders own 0.24% of the company's stock.

Tractor Supply Stock Performance

TSCO traded up $0.34 during trading on Thursday, hitting $289.29. The stock had a trading volume of 1,252,863 shares, compared to its average volume of 1,059,736. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17. The company has a 50 day moving average price of $282.75 and a 200-day moving average price of $274.53. Tractor Supply has a one year low of $193.60 and a one year high of $307.64. The firm has a market cap of $31.21 billion, a price-to-earnings ratio of 28.11, a P/E/G ratio of 3.39 and a beta of 0.82.

Tractor Supply Announces Dividend

The firm also recently announced 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. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.52%. Tractor Supply's payout ratio is presently 42.80%.

Wall Street Analysts Forecast Growth

TSCO has been the topic of a number of recent research reports. Evercore ISI lowered Tractor Supply from an "outperform" rating to an "in-line" rating and set a $300.00 target price on the stock. in a research report on Thursday, October 3rd. Wedbush reissued a "neutral" rating and issued a $270.00 price objective on shares of Tractor Supply in a research report on Friday, October 25th. Truist Financial decreased their target price on shares of Tractor Supply from $325.00 to $317.00 and set a "buy" rating for the company in a research report on Friday, October 25th. DA Davidson boosted their price target on shares of Tractor Supply from $300.00 to $325.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Finally, Loop Capital lifted their target price on Tractor Supply from $250.00 to $260.00 and gave the company a "hold" rating in a research report on Friday, September 6th. Two 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. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $282.82.

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.