Tidal Investments LLC raised its stake in Tractor Supply Company (NASDAQ:TSCO – Free Report) by 71.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 172,799 shares of the specialty retailer’s stock after acquiring an additional 72,284 shares during the period. Tidal Investments LLC’s holdings in Tractor Supply were worth $5,462,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Tractor Supply during the second quarter worth about $1,500,967,000. Capital International Investors raised its stake in Tractor Supply by 3.9% during the fourth quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer’s stock valued at $1,214,390,000 after buying an additional 902,659 shares in the last quarter. California State Teachers Retirement System raised its stake in Tractor Supply by 2,942.0% during the second quarter. California State Teachers Retirement System now owns 23,260,693 shares of the specialty retailer’s stock valued at $735,865,000 after buying an additional 22,496,041 shares in the last quarter. State Street Corp raised its stake in Tractor Supply by 0.7% during the fourth quarter. State Street Corp now owns 23,051,776 shares of the specialty retailer’s stock valued at $1,152,819,000 after buying an additional 162,774 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Tractor Supply by 18.4% during the 4th quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer’s stock worth $871,855,000 after buying an additional 2,706,819 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.
Tractor Supply Price Performance
Shares of Tractor Supply stock opened at $33.01 on Monday. The business’s fifty day moving average price is $33.00 and its two-hundred day moving average price is $36.55. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.33 and a quick ratio of 0.23. The company has a market capitalization of $17.31 billion, a P/E ratio of 17.19, a PEG ratio of 3.56 and a beta of 0.48. Tractor Supply Company has a 1-year low of $28.36 and a 1-year high of $60.85.
Tractor Supply Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Monday, August 24th. Tractor Supply’s dividend payout ratio is currently 50.00%.
Analyst Ratings Changes
Several research analysts have recently commented on TSCO shares. Weiss Ratings lowered Tractor Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. Raymond James Financial reduced their price objective on Tractor Supply from $48.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, July 17th. DA Davidson decreased their price objective on shares of Tractor Supply from $50.00 to $40.00 and set a “buy” rating for the company in a report on Monday, June 22nd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $38.00 price objective (down from $43.00) on shares of Tractor Supply in a report on Friday, July 24th. Finally, Evercore reissued an “outperform” rating and set a $40.00 target price on shares of Tractor Supply in a report on Tuesday, July 7th. Thirteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $39.31.
Read Our Latest Stock Analysis on Tractor Supply
Insider Activity at Tractor Supply
In related news, Director Edna Morris bought 1,560 shares of the stock in a transaction on Tuesday, August 4th. The shares were purchased at an average price of $32.44 per share, with a total value of $50,606.40. Following the purchase, the director owned 279,720 shares in the company, valued at approximately $9,074,116.80. This represents a 0.56% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Andre Hawaux purchased 3,150 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were bought at an average price of $31.83 per share, for a total transaction of $100,264.50. Following the completion of the transaction, the director directly owned 3,150 shares in the company, valued at $100,264.50. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 20,310 shares of company stock worth $652,411 in the last 90 days. Corporate insiders own 0.64% of the company’s stock.
About Tractor Supply
Tractor Supply Company (NASDAQ:TSCO) is a specialty retailer serving the needs of recreational farmers, ranchers, homeowners, pet owners and other customers who live a rural lifestyle. The company operates Tractor Supply stores across the United States, offering products designed for agriculture, home improvement, outdoor living and animal care.
Its merchandise includes livestock and pet supplies, agricultural and lawn-and-garden equipment, tools, hardware, fencing, workwear, footwear, outdoor power equipment, seasonal goods and home products.
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