Tractor Supply (NASDAQ:TSCO) Stock Position Lifted by Blueshift Asset Management LLC

Blueshift Asset Management LLC grew its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 32.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,945 shares of the specialty retailer’s stock after purchasing an additional 2,452 shares during the period. Tractor Supply makes up approximately 0.7% of Blueshift Asset Management LLC’s investment portfolio, making the stock its 22nd largest holding. Blueshift Asset Management LLC’s holdings in Tractor Supply were worth $2,893,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of TSCO. Future Financial Wealth Managment LLC acquired a new position in Tractor Supply during the 3rd quarter valued at about $29,000. First Personal Financial Services acquired a new stake in shares of Tractor Supply in the 3rd quarter worth approximately $29,000. Whittier Trust Co. boosted its holdings in shares of Tractor Supply by 60.9% in the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 42 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Tractor Supply during the second quarter valued at approximately $33,000. Finally, DT Investment Partners LLC raised its holdings in Tractor Supply by 120.0% during the third quarter. DT Investment Partners LLC now owns 132 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 72 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TSCO has been the subject of several research reports. Wedbush reaffirmed a “neutral” rating and set a $270.00 target price on shares of Tractor Supply in a research note on Friday, October 25th. Melius Research began coverage on shares of Tractor Supply in a report on Monday, September 23rd. They set a “buy” rating and a $315.00 target price for the company. Evercore ISI raised Tractor Supply from a “hold” rating to a “strong-buy” rating in a report on Friday, November 15th. Citigroup lowered Tractor Supply from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Finally, JPMorgan Chase & Co. lifted their price target on Tractor Supply from $260.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Tractor Supply presently has a consensus rating of “Moderate Buy” and a consensus price target of $282.59.

Tractor Supply Stock Down 2.0 %

Tractor Supply stock opened at $280.19 on Wednesday. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81. Tractor Supply has a 1-year low of $197.00 and a 1-year high of $307.64. The firm’s fifty day simple moving average is $284.23 and its 200-day simple moving average is $275.68. The company has a market capitalization of $29.94 billion, a P/E ratio of 27.26, a P/E/G ratio of 3.59 and a beta of 0.82.

Tractor Supply Dividend Announcement

The business 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 annualized dividend and a yield of 1.57%. Tractor Supply’s dividend payout ratio (DPR) is currently 42.80%.

Insiders Place Their Bets

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 9,683 shares in the company, valued at $2,862,682.12. This represents a 70.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.58% of the company’s stock.

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.