Charles Schwab Investment Management Inc. Buys 8,142 Shares of Tractor Supply (NASDAQ:TSCO)

Charles Schwab Investment Management Inc. boosted its stake in Tractor Supply (NASDAQ:TSCO) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 631,406 shares of the specialty retailer’s stock after acquiring an additional 8,142 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.59% of Tractor Supply worth $183,695,000 as of its most recent SEC filing.

A number of other institutional investors and 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 in the third quarter valued at about $29,000. First Personal Financial Services bought a new stake in Tractor Supply in the 3rd quarter valued at approximately $29,000. LRI Investments LLC acquired a new position in Tractor Supply during the 1st quarter worth approximately $28,000. Whittier Trust Co. grew its stake in shares of Tractor Supply by 60.9% during the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 42 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new stake in shares of Tractor Supply in the second quarter valued at approximately $33,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction dated 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 in the company, valued at $2,862,682.12. The trade was a 70.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.24% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently commented on TSCO shares. Citigroup cut shares of Tractor Supply from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. DA Davidson raised their price objective on Tractor Supply from $300.00 to $325.00 and gave the company a “buy” rating in a report on Friday, October 25th. Robert W. Baird set a $320.00 target price on Tractor Supply in a report on Thursday, October 17th. Barclays increased their price target on Tractor Supply from $240.00 to $250.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $335.00 price target on shares of Tractor Supply in a research report on Thursday, October 24th. Two 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. Based on data from MarketBeat, Tractor Supply presently has an average rating of “Moderate Buy” and a consensus price target of $282.82.

Tractor Supply Price Performance

Tractor Supply stock opened at $281.71 on Friday. The company has a market capitalization of $30.10 billion, a price-to-earnings ratio of 27.40, a PEG ratio of 3.43 and a beta of 0.82. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81. Tractor Supply has a 12 month low of $197.00 and a 12 month high of $307.64. The stock’s 50 day moving average is $284.18 and its 200-day moving average is $275.51.

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be given a $1.10 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.56%. Tractor Supply’s payout ratio is presently 42.80%.

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.