Tractor Supply (NASDAQ:TSCO) Shares Acquired by W.H. Cornerstone Investments Inc.

W.H. Cornerstone Investments Inc. lifted its stake in shares of Tractor Supply (NASDAQ:TSCO) by 52.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,663 shares of the specialty retailer’s stock after purchasing an additional 570 shares during the period. W.H. Cornerstone Investments Inc.’s holdings in Tractor Supply were worth $484,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. LRI Investments LLC purchased a new stake in Tractor Supply during the first quarter valued at about $28,000. J.Safra Asset Management Corp boosted its position in Tractor Supply by 700.0% during the 1st quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 98 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in Tractor Supply during the third quarter valued at $29,000. Whittier Trust Co. grew its stake in Tractor Supply by 60.9% in the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 42 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new position in Tractor Supply in the second quarter valued at about $33,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity 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 stock was sold at an average price of $295.64, for a total value of $6,957,000.48. Following 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 document filed with the SEC, which is available through this hyperlink. In related news, CFO Kurt D. Barton sold 23,532 shares of the business’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 transaction, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Matthew L. Rubin sold 540 shares of Tractor Supply stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $262.35, for a total value of $141,669.00. Following the transaction, the senior vice president now owns 5,170 shares in the company, 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. 0.58% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TSCO shares. Barclays lifted their price target on Tractor Supply from $240.00 to $250.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Raymond James increased their price target 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. JPMorgan Chase & Co. lifted their price objective on shares of Tractor Supply from $260.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Wells Fargo & Company upped their price objective on shares of Tractor Supply from $295.00 to $325.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Finally, Evercore ISI lowered Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 target price on the stock. in a report on Thursday, October 3rd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $282.82.

Tractor Supply Price Performance

Shares of TSCO stock opened at $270.36 on Tuesday. 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 has a 12 month low of $193.60 and a 12 month high of $307.64. The firm has a market cap of $29.16 billion, a price-to-earnings ratio of 26.30, a PEG ratio of 3.34 and a beta of 0.82. The stock has a 50-day moving average price of $282.42 and a 200 day moving average price of $274.10.

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Monday, August 26th. Tractor Supply’s dividend payout ratio (DPR) is 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.