Tractor Supply (NASDAQ:TSCO) Shares Sold by Qsemble Capital Management LP

Qsemble Capital Management LP lessened its stake in shares of Tractor Supply (NASDAQ:TSCO) by 84.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,997 shares of the specialty retailer’s stock after selling 11,192 shares during the quarter. Qsemble Capital Management LP’s holdings in Tractor Supply were worth $581,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Truvestments Capital LLC grew its position in Tractor Supply by 8.7% in the third quarter. Truvestments Capital LLC now owns 3,151 shares of the specialty retailer’s stock worth $917,000 after buying an additional 253 shares during the last quarter. Loomis Sayles & Co. L P grew its position in Tractor Supply by 0.4% in the third quarter. Loomis Sayles & Co. L P now owns 46,930 shares of the specialty retailer’s stock worth $13,653,000 after buying an additional 177 shares during the last quarter. Daiwa Securities Group Inc. grew its position in Tractor Supply by 8.0% in the third quarter. Daiwa Securities Group Inc. now owns 17,726 shares of the specialty retailer’s stock worth $5,157,000 after buying an additional 1,316 shares during the last quarter. Westfield Capital Management Co. LP grew its position in Tractor Supply by 1.7% in the third quarter. Westfield Capital Management Co. LP now owns 29,583 shares of the specialty retailer’s stock worth $8,607,000 after buying an additional 506 shares during the last quarter. Finally, Alpha DNA Investment Management LLC grew its position in Tractor Supply by 13.0% in the third quarter. Alpha DNA Investment Management LLC now owns 2,115 shares of the specialty retailer’s stock worth $615,000 after buying an additional 244 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Barclays lifted their price target 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. Robert W. Baird set a $320.00 price target on shares of Tractor Supply in a research report on Thursday, October 17th. Truist Financial lowered their price objective on shares of Tractor Supply from $325.00 to $317.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Melius Research began coverage on shares of Tractor Supply in a research report on Monday, September 23rd. They set a “buy” rating and a $315.00 price objective on the stock. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $335.00 price objective on shares of Tractor Supply in a research report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $282.59.

Tractor Supply Stock Performance

NASDAQ TSCO opened at $281.96 on Thursday. The stock has a market cap of $30.12 billion, a P/E ratio of 27.43, a PEG ratio of 3.59 and a beta of 0.82. The company’s 50-day simple moving average is $284.30 and its 200 day simple moving average is $275.74. Tractor Supply has a twelve month low of $197.00 and a twelve month 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. Investors of record on Monday, November 25th will be paid a $1.10 dividend. The ex-dividend date is Monday, November 25th. This represents a $4.40 dividend on an annualized basis and a yield of 1.56%. Tractor Supply’s payout ratio is currently 42.80%.

Insiders Place Their Bets

In other news, CFO Kurt D. Barton sold 23,532 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total transaction 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 approximately $2,862,682.12. This trade represents a 70.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.58% of the company’s stock.

About Tractor Supply

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.