Citigroup Inc. Has $27.70 Million Holdings in Tractor Supply (NASDAQ:TSCO)

Citigroup Inc. lessened its stake in Tractor Supply (NASDAQ:TSCO - Free Report) by 13.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 95,197 shares of the specialty retailer's stock after selling 14,304 shares during the period. Citigroup Inc. owned about 0.09% of Tractor Supply worth $27,696,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of TSCO. Assenagon Asset Management S.A. increased its stake in shares of Tractor Supply by 527.7% during the second quarter. Assenagon Asset Management S.A. now owns 26,501 shares of the specialty retailer's stock worth $7,155,000 after buying an additional 22,279 shares during the period. Ballentine Partners LLC grew its position in shares of Tractor Supply by 2.1% in the 2nd quarter. Ballentine Partners LLC now owns 4,504 shares of the specialty retailer's stock valued at $1,216,000 after buying an additional 93 shares during the last quarter. Silvant Capital Management LLC lifted its position in Tractor Supply by 20.9% in the third quarter. Silvant Capital Management LLC now owns 14,781 shares of the specialty retailer's stock valued at $4,300,000 after acquiring an additional 2,556 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Tractor Supply by 199.0% in the 1st quarter. Cetera Investment Advisers now owns 35,771 shares of the specialty retailer's stock valued at $9,362,000 after purchasing an additional 23,806 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in shares of Tractor Supply during the second quarter worth approximately $13,353,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 9,683 shares of the company's stock, valued at $2,862,682.12. This represents a 70.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.58% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Melius Research initiated coverage on shares of Tractor Supply in a report on Monday, September 23rd. They issued a "buy" rating and a $315.00 target price on the stock. Telsey Advisory Group reaffirmed an "outperform" rating and set a $335.00 price target on shares of Tractor Supply in a research note on Thursday, October 24th. Raymond James upped their target price 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. 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. Finally, UBS Group lifted their price objective on Tractor Supply from $272.00 to $280.00 and gave the stock a "neutral" rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $282.59.

Tractor Supply Trading Up 1.9 %

Shares of Tractor Supply stock traded up $5.36 during trading on Tuesday, hitting $285.99. The stock had a trading volume of 1,756,460 shares, compared to its average volume of 1,053,260. The stock has a 50 day simple moving average of $284.23 and a 200 day simple moving average of $275.68. The company has a market capitalization of $30.56 billion, a PE ratio of 27.82, a P/E/G ratio of 3.53 and a beta of 0.82. Tractor Supply has a 1 year low of $197.00 and a 1 year high of $307.64. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.54%. Tractor Supply's dividend payout ratio is 42.80%.

Tractor Supply 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.