Strategy Asset Managers LLC Raises Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Strategy Asset Managers LLC grew its position in Tractor Supply (NASDAQ:TSCO) by 5.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,198 shares of the specialty retailer’s stock after acquiring an additional 61 shares during the quarter. Strategy Asset Managers LLC’s holdings in Tractor Supply were worth $348,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC increased its holdings in shares of Tractor Supply by 18.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 9,934 shares of the specialty retailer’s stock valued at $2,600,000 after purchasing an additional 1,557 shares during the period. Lake Street Advisors Group LLC purchased a new stake in Tractor Supply in the 1st quarter valued at approximately $272,000. InterOcean Capital Group LLC acquired a new position in Tractor Supply during the 1st quarter worth approximately $257,000. Advisors Asset Management Inc. grew its holdings in Tractor Supply by 21.8% during the first quarter. Advisors Asset Management Inc. now owns 37,684 shares of the specialty retailer’s stock worth $9,863,000 after acquiring an additional 6,745 shares during the period. Finally, Rodgers Brothers Inc. purchased a new position in shares of Tractor Supply in the 1st quarter valued at about $222,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Tractor Supply Price Performance

Shares of Tractor Supply stock opened at $270.00 on Thursday. The business’s fifty day moving average price is $284.33 and its 200 day moving average price is $275.40. Tractor Supply has a twelve month low of $193.73 and a twelve month high of $307.64. 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 stock has a market capitalization of $28.85 billion, a P/E ratio of 26.26, a PEG ratio of 3.42 and a beta of 0.82.

Tractor Supply Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Monday, November 25th. Tractor Supply’s dividend payout ratio is currently 42.80%.

Insider Transactions at Tractor Supply

In other news, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction 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 owns 9,683 shares of the company’s stock, valued at $2,862,682.12. This represents a 70.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Evercore ISI raised Tractor Supply from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 15th. Gordon Haskett downgraded shares of Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, October 24th. Raymond James raised their price objective on shares of Tractor Supply from $285.00 to $290.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Mizuho upped their target price on Tractor Supply from $250.00 to $270.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Finally, UBS Group raised their price target on Tractor Supply from $272.00 to $280.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.