Nations Financial Group Inc. IA ADV Acquires Shares of 838 Tractor Supply (NASDAQ:TSCO)

Nations Financial Group Inc. IA ADV acquired a new position in shares of Tractor Supply (NASDAQ:TSCO) during the third quarter, HoldingsChannel.com reports. The fund acquired 838 shares of the specialty retailer’s stock, valued at approximately $244,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Future Financial Wealth Managment LLC purchased a new position in Tractor Supply in the 3rd quarter worth approximately $29,000. First Personal Financial Services purchased a new position in shares of Tractor Supply in the third quarter valued at $29,000. LRI Investments LLC acquired a new stake in Tractor Supply during the 1st quarter valued at $28,000. Whittier Trust Co. increased its stake in Tractor Supply by 60.9% during the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after buying an additional 42 shares during the period. Finally, OFI Invest Asset Management acquired a new position in Tractor Supply in the 2nd quarter worth $33,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on TSCO shares. Evercore ISI cut Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 price target on the stock. in a research note on Thursday, October 3rd. Mizuho upped their target price on shares of Tractor Supply from $250.00 to $270.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Gordon Haskett cut shares of Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. increased their price target on shares of Tractor Supply from $260.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company raised their target price on shares of Tractor Supply from $295.00 to $325.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $282.82.

Tractor Supply Trading Down 0.6 %

Shares of Tractor Supply stock opened at $277.08 on Friday. The firm has a market capitalization of $29.60 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 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 is $284.23 and its 200 day moving average is $275.32. Tractor Supply has a 1 year low of $193.73 and a 1 year high of $307.64.

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $4.40 annualized dividend and a yield of 1.59%. Tractor Supply’s dividend payout ratio is presently 42.80%.

Insider Buying and Selling

In other news, CFO Kurt D. Barton sold 23,532 shares of the business’s stock in a transaction that occurred 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 owns 9,683 shares in the company, valued at approximately $2,862,682.12. The trade was a 70.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.24% of the stock is 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.