First Horizon Advisors Inc. Has $102,000 Holdings in Tractor Supply (NASDAQ:TSCO)

First Horizon Advisors Inc. increased its position in shares of Tractor Supply (NASDAQ:TSCO) by 13.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 351 shares of the specialty retailer’s stock after buying an additional 41 shares during the period. First Horizon Advisors Inc.’s holdings in Tractor Supply were worth $102,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TSCO. Marshall Wace LLP increased its stake in shares of Tractor Supply by 2,921.4% during the 2nd quarter. Marshall Wace LLP now owns 357,225 shares of the specialty retailer’s stock worth $96,451,000 after purchasing an additional 345,402 shares during the last quarter. International Assets Investment Management LLC increased its position in Tractor Supply by 29,058.6% during the third quarter. International Assets Investment Management LLC now owns 233,269 shares of the specialty retailer’s stock worth $67,865,000 after buying an additional 232,469 shares during the last quarter. Clearbridge Investments LLC raised its stake in Tractor Supply by 67.4% in the second quarter. Clearbridge Investments LLC now owns 403,710 shares of the specialty retailer’s stock valued at $109,002,000 after buying an additional 162,533 shares during the period. Employees Retirement System of Texas acquired a new stake in shares of Tractor Supply in the second quarter valued at approximately $38,070,000. Finally, Swedbank AB bought a new position in shares of Tractor Supply during the 1st quarter worth approximately $34,262,000. 98.72% of the stock is owned by institutional investors.

Insider Activity at Tractor Supply

In related news, CFO Kurt D. Barton sold 23,532 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now owns 9,683 shares of the company’s stock, valued at $2,862,682.12. This trade represents a 70.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.24% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Truist Financial cut their price target on Tractor Supply from $325.00 to $317.00 and set a “buy” rating for the company in a report on Friday, October 25th. Robert W. Baird set a $320.00 target price on shares of Tractor Supply in a research note on Thursday, October 17th. Loop Capital upped their price target on shares of Tractor Supply from $250.00 to $260.00 and gave the company a “hold” rating in a research note on Friday, September 6th. Evercore ISI upgraded Tractor Supply from a “hold” rating to a “strong-buy” rating in a report on Friday, November 15th. Finally, JPMorgan Chase & Co. lifted their price target on Tractor Supply from $260.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Tractor Supply currently has an average rating of “Moderate Buy” and an average price target of $282.82.

Tractor Supply Price Performance

Shares of TSCO stock opened at $281.71 on Friday. The business has a fifty day simple moving average of $284.18 and a 200 day simple moving average of $275.51. The company has a market cap of $30.10 billion, a P/E ratio of 27.40, a P/E/G ratio of 3.43 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 twelve month low of $197.00 and a twelve month high of $307.64.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders 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 1.56%. Tractor Supply’s payout ratio is currently 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.