Zurcher Kantonalbank Zurich Cantonalbank Has $54.11 Million Stock Position in Tractor Supply (NASDAQ:TSCO)

Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in Tractor Supply (NASDAQ:TSCO) by 23.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 186,002 shares of the specialty retailer’s stock after selling 56,874 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.17% of Tractor Supply worth $54,114,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new position in shares of Tractor Supply in the 3rd quarter valued at $29,000. First Personal Financial Services bought a new position in Tractor Supply in the third quarter valued at about $29,000. Whittier Trust Co. raised its stake in 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 in the last quarter. Providence Capital Advisors LLC acquired a new stake in shares of Tractor Supply in the 3rd quarter valued at approximately $32,000. Finally, OFI Invest Asset Management bought a new stake in shares of Tractor Supply during the 2nd quarter valued at approximately $33,000. 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 firm’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. This trade represents a 70.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Melius Research began coverage on shares of Tractor Supply in a research note on Monday, September 23rd. They issued a “buy” rating and a $315.00 price objective for the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $335.00 price target on shares of Tractor Supply in a research note on Thursday, October 24th. Benchmark boosted their price objective on Tractor Supply from $280.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. UBS Group lifted their price target on Tractor Supply from $272.00 to $280.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Finally, Gordon Haskett downgraded Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $282.59.

Tractor Supply Price Performance

Shares of NASDAQ TSCO opened at $281.96 on Friday. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81. The firm’s 50-day moving average price is $284.43 and its 200-day moving average price is $275.79. The firm has a market capitalization of $30.12 billion, a P/E ratio of 27.43, a P/E/G ratio of 3.54 and a beta of 0.82. Tractor Supply has a 1-year low of $197.00 and a 1-year high of $307.64.

Tractor Supply Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be issued a $1.10 dividend. The ex-dividend date is Monday, November 25th. This represents a $4.40 annualized dividend and a yield of 1.56%. Tractor Supply’s payout ratio is currently 42.80%.

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.