Tractor Supply (NASDAQ:TSCO) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its position in shares of Tractor Supply (NASDAQ:TSCO) by 8.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 17,726 shares of the specialty retailer’s stock after buying an additional 1,316 shares during the period. Daiwa Securities Group Inc.’s holdings in Tractor Supply were worth $5,157,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in TSCO. Marshall Wace LLP increased its stake in Tractor Supply by 2,921.4% during the second quarter. Marshall Wace LLP now owns 357,225 shares of the specialty retailer’s stock valued at $96,451,000 after purchasing an additional 345,402 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Tractor Supply by 29,058.6% during the third quarter. International Assets Investment Management LLC now owns 233,269 shares of the specialty retailer’s stock valued at $67,865,000 after acquiring an additional 232,469 shares during the period. Clearbridge Investments LLC raised its stake in shares of Tractor Supply by 67.4% in the 2nd quarter. Clearbridge Investments LLC now owns 403,710 shares of the specialty retailer’s stock worth $109,002,000 after buying an additional 162,533 shares in the last quarter. Employees Retirement System of Texas acquired a new stake in Tractor Supply in the 2nd quarter valued at about $38,070,000. Finally, Swedbank AB acquired a new stake in Tractor Supply during the first quarter valued at approximately $34,262,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TSCO. Melius Research initiated coverage on shares of Tractor Supply in a research note on Monday, September 23rd. They issued a “buy” rating and a $315.00 price target on the stock. Loop Capital upped their target price on shares of Tractor Supply from $250.00 to $260.00 and gave the company a “hold” rating in a research note on Friday, September 6th. Piper Sandler raised their price target on Tractor Supply from $300.00 to $332.00 and gave the company an “overweight” rating in a report on Monday, October 14th. UBS Group boosted their target price on Tractor Supply from $272.00 to $280.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Finally, Benchmark upped their price objective on Tractor Supply from $280.00 to $310.00 and gave the company a “buy” rating in a report on Monday, October 28th. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, Tractor Supply currently has an average rating of “Moderate Buy” and a consensus target price of $282.59.

Insiders Place Their Bets

In other news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply 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 directly owns 9,683 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.58% of the stock is owned by corporate insiders.

Tractor Supply Stock Down 2.0 %

TSCO stock opened at $280.19 on Wednesday. Tractor Supply has a fifty-two week low of $197.00 and a fifty-two week high of $307.64. The company has a market capitalization of $29.94 billion, a price-to-earnings ratio of 27.26, a price-to-earnings-growth ratio of 3.53 and a beta of 0.82. The business’s 50 day moving average price is $284.23 and its two-hundred day moving average price is $275.68. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48.

Tractor Supply Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be paid a $1.10 dividend. The ex-dividend date is Monday, November 25th. This represents a $4.40 annualized dividend and a yield of 1.57%. Tractor Supply’s payout ratio is 42.80%.

Tractor Supply 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.