Tractor Supply (NASDAQ:TSCO) is Bancreek Capital Management LP's 6th Largest Position

Bancreek Capital Management LP boosted its stake in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 10.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 31,129 shares of the specialty retailer's stock after acquiring an additional 3,043 shares during the period. Tractor Supply comprises about 5.7% of Bancreek Capital Management LP's holdings, making the stock its 6th biggest holding. Bancreek Capital Management LP's holdings in Tractor Supply were worth $9,056,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TSCO. LRI Investments LLC purchased a new position in Tractor Supply in the 1st quarter valued at $28,000. J.Safra Asset Management Corp boosted its position in Tractor Supply by 700.0% during the first quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer's stock worth $29,000 after acquiring an additional 98 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in Tractor Supply during the 3rd quarter valued at about $29,000. First Personal Financial Services acquired a new stake in Tractor Supply in the 3rd quarter valued at about $29,000. Finally, Whittier Trust Co. boosted its holdings 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 worth $30,000 after purchasing an additional 42 shares during the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TSCO shares. Piper Sandler increased their price target on Tractor Supply from $300.00 to $332.00 and gave the company an "overweight" rating in a report on Monday, October 14th. Gordon Haskett lowered Tractor Supply from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, October 24th. Telsey Advisory Group reissued an "outperform" rating and issued a $335.00 price objective on shares of Tractor Supply in a report on Thursday, October 24th. Benchmark lifted 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, October 28th. Finally, Wedbush reissued a "neutral" rating and issued a $270.00 price target on shares of Tractor Supply in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $282.82.

Insider Buying and Selling at Tractor Supply

In related news, CFO Kurt D. Barton sold 23,532 shares of the business's stock in a transaction 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 SEC, which is accessible through the SEC website. Insiders own 0.24% of the company's stock.

Tractor Supply Stock Down 0.2 %

Shares of Tractor Supply stock traded down $0.54 on Wednesday, reaching $278.65. 256,596 shares of the company were exchanged, compared to its average volume of 1,054,790. The stock's 50 day moving average price is $283.98 and its 200-day moving average price is $275.28. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17. Tractor Supply has a 1-year low of $193.73 and a 1-year high of $307.64. The company has a market cap of $29.77 billion, a P/E ratio of 27.09, a price-to-earnings-growth ratio of 3.50 and a beta of 0.82.

Tractor Supply Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Monday, November 25th. Tractor Supply's dividend payout ratio is presently 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.