Stratos Wealth Partners LTD. raised its stake in Tractor Supply Company (NASDAQ:TSCO – Free Report) by 6.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 99,433 shares of the specialty retailer’s stock after buying an additional 6,143 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Tractor Supply were worth $5,247,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Nordea Investment Management AB raised its holdings in shares of Tractor Supply by 6.2% during the second quarter. Nordea Investment Management AB now owns 49,122 shares of the specialty retailer’s stock worth $2,566,000 after acquiring an additional 2,879 shares during the period. Bellecapital International Ltd. increased its holdings in Tractor Supply by 1.5% during the 2nd quarter. Bellecapital International Ltd. now owns 175,871 shares of the specialty retailer’s stock worth $9,281,000 after purchasing an additional 2,636 shares in the last quarter. Barlow Wealth Partners Inc. bought a new position in Tractor Supply during the 2nd quarter worth about $215,000. Uptick Partners LLC raised its stake in shares of Tractor Supply by 47.3% in the 2nd quarter. Uptick Partners LLC now owns 5,523 shares of the specialty retailer’s stock valued at $291,000 after purchasing an additional 1,773 shares during the period. Finally, Rosenberg Matthew Hamilton lifted its holdings in shares of Tractor Supply by 6.3% in the second quarter. Rosenberg Matthew Hamilton now owns 6,533 shares of the specialty retailer’s stock valued at $345,000 after purchasing an additional 388 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.
Tractor Supply Price Performance
NASDAQ:TSCO opened at $55.20 on Friday. The stock has a market capitalization of $29.25 billion, a PE ratio of 27.09, a P/E/G ratio of 2.83 and a beta of 0.73. Tractor Supply Company has a 1-year low of $46.85 and a 1-year high of $63.99. The firm has a fifty day simple moving average of $58.63 and a 200 day simple moving average of $54.95. The company has a current ratio of 1.28, a quick ratio of 0.16 and a debt-to-equity ratio of 0.68.
Tractor Supply Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Monday, August 25th. Tractor Supply’s payout ratio is 45.10%.
Wall Street Analysts Forecast Growth
TSCO has been the subject of a number of research reports. Truist Financial increased their price objective on Tractor Supply from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Tractor Supply in a research report on Wednesday, October 8th. Evercore ISI decreased their price target on shares of Tractor Supply from $65.00 to $60.00 and set an “in-line” rating for the company in a research note on Tuesday, October 7th. Telsey Advisory Group reiterated an “outperform” rating and issued a $70.00 price objective on shares of Tractor Supply in a report on Friday. Finally, Bank of America upgraded shares of Tractor Supply from an “underperform” rating to a “buy” rating and set a $70.00 target price for the company in a report on Thursday, July 24th. Fifteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $62.45.
Check Out Our Latest Research Report on TSCO
Insiders Place Their Bets
In other Tractor Supply news, CFO Kurt D. Barton sold 90,000 shares of the company’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $63.96, for a total value of $5,756,400.00. Following the sale, the chief financial officer owned 47,715 shares in the company, valued at $3,051,851.40. This represents a 65.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Noni L. Ellison sold 5,200 shares of Tractor Supply stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $63.96, for a total value of $332,592.00. Following the transaction, the senior vice president owned 28,639 shares of the company’s stock, valued at $1,831,750.44. This represents a 15.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 103,045 shares of company stock worth $6,547,257 over the last ninety days. 0.65% of the stock is currently owned by corporate insiders.
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.
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