Arcadia Investment Management Corp MI Sells 4,024 Shares of Tractor Supply (NASDAQ:TSCO)

Arcadia Investment Management Corp MI lessened its stake in shares of Tractor Supply (NASDAQ:TSCO) by 16.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 20,545 shares of the specialty retailer’s stock after selling 4,024 shares during the period. Arcadia Investment Management Corp MI’s holdings in Tractor Supply were worth $5,977,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Henrickson Nauta Wealth Advisors Inc. increased its stake in shares of Tractor Supply by 3.2% during the third quarter. Henrickson Nauta Wealth Advisors Inc. now owns 1,127 shares of the specialty retailer’s stock valued at $328,000 after buying an additional 35 shares during the period. Private Advisor Group LLC lifted its holdings in shares of Tractor Supply by 0.5% during the third quarter. Private Advisor Group LLC now owns 7,693 shares of the specialty retailer’s stock worth $2,238,000 after purchasing an additional 37 shares during the period. Signature Wealth Management Group lifted its holdings in shares of Tractor Supply by 0.5% during the second quarter. Signature Wealth Management Group now owns 6,999 shares of the specialty retailer’s stock worth $1,890,000 after purchasing an additional 38 shares during the period. X Square Capital LLC lifted its holdings in shares of Tractor Supply by 1.6% during the second quarter. X Square Capital LLC now owns 2,579 shares of the specialty retailer’s stock worth $696,000 after purchasing an additional 41 shares during the period. Finally, TCI Wealth Advisors Inc. raised its position in Tractor Supply by 5.1% during the third quarter. TCI Wealth Advisors Inc. now owns 846 shares of the specialty retailer’s stock valued at $246,000 after acquiring an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TSCO. Robert W. Baird set a $320.00 target price on Tractor Supply in a research note on Thursday, October 17th. Evercore ISI downgraded Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 price objective for the company. in a research note on Thursday, October 3rd. JPMorgan Chase & Co. upped their target price on Tractor Supply from $260.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Gordon Haskett cut Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, October 24th. Finally, DA Davidson increased their price target on Tractor Supply from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Tractor Supply currently has an average rating of “Hold” and an average target price of $282.82.

Tractor Supply Stock Up 0.4 %

Shares of Tractor Supply stock opened at $266.57 on Friday. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81. The business’s 50 day simple moving average is $282.42 and its 200-day simple moving average is $273.71. The stock has a market capitalization of $28.75 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 3.33 and a beta of 0.82. Tractor Supply has a twelve month low of $191.38 and a twelve month high of $307.64.

Tractor Supply Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Monday, August 26th. Tractor Supply’s dividend payout ratio (DPR) is 42.80%.

Insider Buying and Selling at Tractor Supply

In related news, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the sale, the senior vice president now directly owns 5,170 shares in the company, valued at approximately $1,356,349.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the transaction, the senior vice president now owns 5,170 shares in the company, valued at $1,356,349.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 of the company’s stock, valued at approximately $2,862,682.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.

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.