Brown Brothers Harriman & Co. Lowers Holdings in Tractor Supply (NASDAQ:TSCO)

Brown Brothers Harriman & Co. trimmed its position in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 21.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,763 shares of the specialty retailer's stock after selling 9,872 shares during the period. Brown Brothers Harriman & Co.'s holdings in Tractor Supply were worth $10,695,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TSCO. Marshall Wace LLP boosted its stake in shares of Tractor Supply by 2,921.4% in the 2nd quarter. Marshall Wace LLP now owns 357,225 shares of the specialty retailer's stock valued at $96,451,000 after purchasing an additional 345,402 shares in the last quarter. International Assets Investment Management LLC boosted its position in Tractor Supply by 29,058.6% during the third quarter. International Assets Investment Management LLC now owns 233,269 shares of the specialty retailer's stock valued at $67,865,000 after buying an additional 232,469 shares during the period. Clearbridge Investments LLC lifted its stake in shares of Tractor Supply by 67.4% in the 2nd quarter. Clearbridge Investments LLC now owns 403,710 shares of the specialty retailer's stock valued at $109,002,000 after acquiring an additional 162,533 shares during the last quarter. Employees Retirement System of Texas purchased a new stake in Tractor Supply during the 2nd quarter valued at about $38,070,000. Finally, Swedbank AB bought a new position in Tractor Supply during the 1st quarter worth approximately $34,262,000. Institutional investors own 98.72% of the company's stock.

Insider Buying and Selling at Tractor Supply

In related news, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction that occurred 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 directly owns 9,683 shares of the company's stock, valued at approximately $2,862,682.12. This represents a 70.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.58% of the stock is owned by corporate insiders.

Tractor Supply Stock Performance

Shares of TSCO stock traded up $5.36 during trading hours on Monday, reaching $285.99. The company had a trading volume of 1,756,329 shares, compared to its average volume of 1,053,260. The firm has a market cap of $30.56 billion, a PE ratio of 27.82, a price-to-earnings-growth ratio of 3.53 and a beta of 0.82. The business has a fifty day moving average price of $284.18 and a 200-day moving average price of $275.57. Tractor Supply has a one year low of $197.00 and a one year high of $307.64. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48.

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be given a dividend of $1.10 per share. The ex-dividend date is Monday, November 25th. This represents a $4.40 annualized dividend and a yield of 1.54%. Tractor Supply's dividend payout ratio (DPR) is 42.80%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Robert W. Baird set a $320.00 price objective on Tractor Supply in a research note on Thursday, October 17th. Wedbush reissued a "neutral" rating and issued a $270.00 price target on shares of Tractor Supply in a report on Friday, October 25th. Benchmark increased their target price on shares of Tractor Supply from $280.00 to $310.00 and gave the stock a "buy" rating in a report on Monday, October 28th. Telsey Advisory Group restated an "outperform" rating and set a $335.00 price target on shares of Tractor Supply in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. increased their price objective on Tractor Supply from $260.00 to $290.00 and gave the stock a "neutral" rating in a report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $282.59.

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.