Zurcher Kantonalbank Zurich Cantonalbank Sells 56,874 Shares of Tractor Supply (NASDAQ:TSCO)

Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in Tractor Supply (NASDAQ:TSCO - Free Report) by 23.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 186,002 shares of the specialty retailer's stock after selling 56,874 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.17% of Tractor Supply worth $54,114,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Future Financial Wealth Managment LLC bought a new stake in Tractor Supply in the 3rd quarter valued at $29,000. First Personal Financial Services acquired a new stake in shares of Tractor Supply during the 3rd quarter valued at about $29,000. Whittier Trust Co. increased its stake in Tractor Supply by 60.9% in the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer's stock valued at $30,000 after acquiring an additional 42 shares during the period. Providence Capital Advisors LLC acquired a new position in Tractor Supply in the third quarter worth about $32,000. Finally, OFI Invest Asset Management bought a new position in Tractor Supply during the second quarter worth about $33,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TSCO. 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. Benchmark upped their price target on Tractor Supply from $280.00 to $310.00 and gave the company a "buy" rating in a research report on Monday, October 28th. Robert W. Baird set a $320.00 price objective on Tractor Supply in a research note on Thursday, October 17th. UBS Group boosted their target price on shares of Tractor Supply from $272.00 to $280.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Finally, Barclays increased their target price on shares of Tractor Supply from $240.00 to $250.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $282.59.

Tractor Supply Trading Up 0.6 %

NASDAQ:TSCO traded up $1.71 on Friday, hitting $283.67. 763,894 shares of the stock were exchanged, compared to its average volume of 1,049,463. 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 has a 52 week low of $197.91 and a 52 week high of $307.64. The stock has a market capitalization of $30.31 billion, a price-to-earnings ratio of 27.78, a P/E/G ratio of 3.54 and a beta of 0.82. The company's 50-day moving average price is $284.59 and its 200 day moving average price is $275.83.

Tractor Supply Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be issued a $1.10 dividend. The ex-dividend date is Monday, November 25th. This represents a $4.40 annualized dividend and a yield of 1.55%. Tractor Supply's dividend payout ratio is currently 42.80%.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the firm's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.24% of the company's stock.

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.