Tractor Supply (NASDAQ:TSCO) Stake Lifted by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC boosted its holdings in Tractor Supply (NASDAQ:TSCO) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,076 shares of the specialty retailer’s stock after buying an additional 77 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Tractor Supply were worth $2,349,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. LRI Investments LLC bought a new position in shares of Tractor Supply during the 1st quarter worth about $28,000. Future Financial Wealth Managment LLC bought a new stake in shares of Tractor Supply during the third quarter worth $29,000. First Personal Financial Services bought a new stake in shares of Tractor Supply during the third quarter worth $29,000. Whittier Trust Co. grew its position 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 acquired a new stake in Tractor Supply in the second quarter valued at $33,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Activity at Tractor Supply

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 stock was 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. The trade was 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 accessible through this hyperlink. Company insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

TSCO has been the subject of a number of research reports. Benchmark raised their target price on shares of Tractor Supply from $280.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Loop Capital lifted their price target on shares of Tractor Supply from $250.00 to $260.00 and gave the company a “hold” rating in a report on Friday, September 6th. DA Davidson lifted their target price on shares of Tractor Supply from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Raymond James boosted their price target on shares of Tractor Supply from $285.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. boosted their price target 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. Two equities 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 stock. Based on data from MarketBeat, Tractor Supply currently has an average rating of “Hold” and an average price target of $282.82.

Tractor Supply Stock Down 1.1 %

Shares of NASDAQ TSCO opened at $274.00 on Friday. The stock has a market cap of $29.27 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 3.50 and a beta of 0.82. 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 52-week low of $193.73 and a 52-week high of $307.64. The business has a 50-day moving average price of $284.23 and a 200 day moving average price of $275.32.

Tractor Supply Announces Dividend

The firm also recently declared 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 of this dividend is Monday, November 25th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.61%. Tractor Supply’s dividend payout ratio (DPR) is presently 42.80%.

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.