Tractor Supply (NASDAQ:TSCO) Holdings Cut by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its stake in Tractor Supply (NASDAQ:TSCO - Free Report) by 14.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 314,958 shares of the specialty retailer's stock after selling 53,203 shares during the quarter. Principal Financial Group Inc. owned approximately 0.29% of Tractor Supply worth $91,631,000 as of its most recent filing with the SEC.

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

Tractor Supply Price Performance

TSCO stock traded down $0.73 on Friday, hitting $288.56. 1,201,907 shares of the company's stock traded hands, compared to its average volume of 1,060,391. The stock has a market cap of $31.13 billion, a price-to-earnings ratio of 28.07, a P/E/G ratio of 3.62 and a beta of 0.82. Tractor Supply has a 1-year low of $193.60 and a 1-year high of $307.64. 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 stock has a fifty day moving average of $283.49 and a 200-day moving average of $274.88.

Tractor Supply Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be given a $1.10 dividend. The ex-dividend date is Monday, November 25th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.52%. Tractor Supply's dividend payout ratio (DPR) is 42.80%.

Insider Buying and Selling

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the company's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction 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 approximately $1,356,349.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $6,957,000.48. Following the completion of the sale, the chief financial officer now owns 9,683 shares of the company's stock, valued at $2,862,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction, the senior vice president now directly owns 5,170 shares in the company, 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. 0.24% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TSCO shares. Wedbush reiterated a "neutral" rating and set a $270.00 price target on shares of Tractor Supply in a research report on Friday, October 25th. Citigroup cut Tractor Supply from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 17th. Raymond James upped their price target on shares of Tractor Supply from $285.00 to $290.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Barclays lifted their price objective on shares of Tractor Supply from $240.00 to $250.00 and gave the company an "equal weight" rating in a research report on Friday, October 25th. Finally, Mizuho upped their target price on shares of Tractor Supply from $250.00 to $270.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Tractor Supply has a consensus 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.