Thematics Asset Management Lowers Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Thematics Asset Management cut its holdings in Tractor Supply (NASDAQ:TSCO) by 12.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,476 shares of the specialty retailer’s stock after selling 2,428 shares during the quarter. Thematics Asset Management’s holdings in Tractor Supply were worth $4,793,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in TSCO. Brooklyn Investment Group acquired a new position in Tractor Supply during the third quarter worth $144,000. Quantbot Technologies LP raised its position in shares of Tractor Supply by 1,054.7% during the 3rd quarter. Quantbot Technologies LP now owns 8,291 shares of the specialty retailer’s stock worth $2,412,000 after purchasing an additional 7,573 shares during the last quarter. FMR LLC lifted its stake in Tractor Supply by 7.6% in the 3rd quarter. FMR LLC now owns 163,454 shares of the specialty retailer’s stock valued at $47,554,000 after buying an additional 11,584 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in Tractor Supply by 17.3% in the 3rd quarter. D.A. Davidson & CO. now owns 9,685 shares of the specialty retailer’s stock worth $2,818,000 after buying an additional 1,430 shares during the last quarter. Finally, Truvestments Capital LLC increased its stake in Tractor Supply by 8.7% during the 3rd quarter. Truvestments Capital LLC now owns 3,151 shares of the specialty retailer’s stock worth $917,000 after buying an additional 253 shares in the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TSCO. Truist Financial dropped their price target on Tractor Supply from $325.00 to $317.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Gordon Haskett downgraded shares of Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, October 24th. Melius Research assumed coverage on shares of Tractor Supply in a report on Monday, September 23rd. They issued a “buy” rating and a $315.00 price objective for the company. DA Davidson boosted their target price on Tractor Supply from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company cut their price target on Tractor Supply from $325.00 to $320.00 and set an “overweight” rating for the company in a report on Monday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Tractor Supply presently has an average rating of “Moderate Buy” and an average price target of $282.59.

Tractor Supply Trading Up 1.9 %

NASDAQ TSCO traded up $5.36 during trading on Tuesday, hitting $285.99. The stock had a trading volume of 1,756,460 shares, compared to its average volume of 1,053,260. The company has a market capitalization of $30.56 billion, a PE ratio of 27.82, a PEG ratio of 3.53 and a beta of 0.82. Tractor Supply has a twelve month low of $197.00 and a twelve month high of $307.64. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81. The firm has a 50 day moving average price of $284.23 and a 200 day moving average price of $275.68.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $4.40 dividend on an annualized basis and a yield of 1.54%. Tractor Supply’s dividend payout ratio (DPR) is presently 42.80%.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply 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 transaction of $6,957,000.48. Following the completion of the transaction, the chief financial officer now owns 9,683 shares in the company, valued at $2,862,682.12. The trade was a 70.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.58% of the stock is currently owned by corporate insiders.

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.