IQ EQ FUND MANAGEMENT IRELAND Ltd Acquires 1,662 Shares of Tractor Supply (NASDAQ:TSCO)

IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in shares of Tractor Supply (NASDAQ:TSCO) by 14.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,042 shares of the specialty retailer’s stock after buying an additional 1,662 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Tractor Supply were worth $3,794,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Future Financial Wealth Managment LLC bought a new stake in shares of Tractor Supply during the first quarter valued at approximately $26,000. Rise Advisors LLC boosted its position in Tractor Supply by 157.1% in the 1st quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 66 shares during the last quarter. LRI Investments LLC bought a new position in Tractor Supply in the 1st quarter valued at $28,000. J.Safra Asset Management Corp increased its stake in shares of Tractor Supply by 700.0% in the 1st quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 98 shares during the period. Finally, Whittier Trust Co. raised its position in shares of Tractor Supply by 60.9% during the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 42 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now owns 9,683 shares of the company’s stock, valued at $2,862,682.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at $2,862,682.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $262.35, for a total transaction of $141,669.00. Following the transaction, the senior vice president now owns 5,170 shares of the company’s stock, valued at approximately $1,356,349.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 price target on shares of Tractor Supply in a report on Thursday, July 25th. Benchmark reaffirmed a “buy” rating and issued a $280.00 target price on shares of Tractor Supply in a research note on Monday, September 30th. Citigroup raised shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. Wells Fargo & Company raised their price objective on shares of Tractor Supply from $295.00 to $325.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Finally, Loop Capital lifted their target price on shares of Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Friday, September 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Tractor Supply has a consensus rating of “Moderate Buy” and an average target price of $269.55.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $302.80 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.25 and a current ratio of 1.43. The company has a market capitalization of $32.66 billion, a P/E ratio of 29.20, a price-to-earnings-growth ratio of 3.81 and a beta of 0.80. The company’s 50 day moving average price is $278.47 and its two-hundred day moving average price is $271.47. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $307.64.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, hitting the consensus estimate of $3.93. The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.28 billion. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the company posted $3.83 EPS. On average, analysts expect that Tractor Supply will post 10.23 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Monday, August 26th. Tractor Supply’s dividend payout ratio is presently 42.43%.

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.