Saturna Capital Corp Sells 2,730 Shares of Tractor Supply (NASDAQ:TSCO)

Saturna Capital Corp decreased its position in Tractor Supply (NASDAQ:TSCO - Free Report) by 54.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,330 shares of the specialty retailer's stock after selling 2,730 shares during the period. Saturna Capital Corp's holdings in Tractor Supply were worth $678,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. LRI Investments LLC bought a new position in Tractor Supply in the first quarter worth $28,000. J.Safra Asset Management Corp boosted its position in shares of Tractor Supply by 700.0% during the 1st quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer's stock valued at $29,000 after acquiring an additional 98 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of Tractor Supply during the 3rd quarter valued at about $29,000. First Personal Financial Services bought a new stake in Tractor Supply in the third quarter valued at about $29,000. Finally, Whittier Trust Co. raised its position in Tractor Supply by 60.9% in the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer's stock worth $30,000 after purchasing an additional 42 shares in the last quarter. Institutional investors own 98.72% of the company's stock.

Tractor Supply Trading Down 0.2 %

NASDAQ TSCO traded down $0.44 during trading hours on Wednesday, hitting $278.75. The company's stock had a trading volume of 570,642 shares, compared to its average volume of 1,056,218. Tractor Supply has a twelve month low of $193.73 and a twelve month high of $307.64. The firm has a market capitalization of $29.78 billion, a P/E ratio of 27.09, a PEG ratio of 3.50 and a beta of 0.82. 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 fifty day moving average of $283.98 and a 200 day moving average of $275.28.

Tractor Supply Announces Dividend

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 $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 (DPR) is currently 42.80%.

Insider Transactions 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 sale, the chief financial officer now directly owns 9,683 shares in the company, valued at $2,862,682.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.24% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TSCO has been the topic of several analyst reports. Truist Financial lowered their price objective on Tractor Supply from $325.00 to $317.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Loop Capital upped their price target on Tractor Supply from $250.00 to $260.00 and gave the company a "hold" rating in a research report on Friday, September 6th. Robert W. Baird set a $320.00 price objective on Tractor Supply in a report on Thursday, October 17th. DA Davidson upped their target price on shares of Tractor Supply from $300.00 to $325.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Finally, Wells Fargo & Company increased their target price on shares of Tractor Supply from $295.00 to $325.00 and gave the stock an "overweight" rating in a research report on Friday, October 11th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $282.82.

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.