Tractor Supply (NASDAQ:TSCO) Shares Bought by King Luther Capital Management Corp

King Luther Capital Management Corp lifted its position in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 0.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 454,290 shares of the specialty retailer's stock after buying an additional 2,018 shares during the period. King Luther Capital Management Corp owned approximately 0.42% of Tractor Supply worth $132,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC raised its holdings in Tractor Supply by 18.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 9,934 shares of the specialty retailer's stock valued at $2,600,000 after buying an additional 1,557 shares during the period. Lake Street Advisors Group LLC acquired a new stake in shares of Tractor Supply in the first quarter valued at $272,000. InterOcean Capital Group LLC purchased a new stake in shares of Tractor Supply in the 1st quarter valued at $257,000. Advisors Asset Management Inc. lifted its stake in Tractor Supply by 21.8% during the 1st quarter. Advisors Asset Management Inc. now owns 37,684 shares of the specialty retailer's stock worth $9,863,000 after acquiring an additional 6,745 shares in the last quarter. Finally, Rodgers Brothers Inc. purchased a new position in Tractor Supply during the 1st quarter valued at about $222,000. Hedge funds and other institutional investors own 98.72% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TSCO shares. Robert W. Baird set a $320.00 price objective on shares of Tractor Supply in a report on Thursday, October 17th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $335.00 price objective on shares of Tractor Supply in a research report on Thursday, October 24th. Melius Research assumed coverage on Tractor Supply in a research note on Monday, September 23rd. They set a "buy" rating and a $315.00 target price for the company. Barclays upped their price target on Tractor Supply from $240.00 to $250.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. Finally, Mizuho boosted their price objective on 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, eight have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $282.82.

Insider Transactions at Tractor Supply

In other news, CFO Kurt D. Barton sold 23,532 shares of the firm's stock in a transaction on Tuesday, October 1st. The shares were 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 in the company, valued at approximately $2,862,682.12. This trade represents a 70.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.24% of the company's stock.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $270.00 on Thursday. The stock's 50-day moving average price is $284.33 and its 200 day moving average price is $275.40. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $28.85 billion, a PE ratio of 26.26, a price-to-earnings-growth ratio of 3.42 and a beta of 0.82. Tractor Supply has a 52-week low of $193.73 and a 52-week high of $307.64.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Monday, November 25th. Tractor Supply's dividend payout ratio (DPR) is presently 42.80%.

Tractor Supply Company 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.

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