US Bancorp DE Sells 228 Shares of Tractor Supply (NASDAQ:TSCO)

US Bancorp DE decreased its position in Tractor Supply (NASDAQ:TSCO) by 0.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 33,802 shares of the specialty retailer’s stock after selling 228 shares during the quarter. US Bancorp DE’s holdings in Tractor Supply were worth $9,834,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TSCO. Future Financial Wealth Managment LLC bought a new stake in Tractor Supply during the third quarter worth about $29,000. LRI Investments LLC bought a new stake in Tractor Supply during the 1st quarter worth approximately $28,000. Whittier Trust Co. increased its holdings in Tractor Supply by 60.9% during the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 42 shares in the last quarter. J.Safra Asset Management Corp raised its position in Tractor Supply by 700.0% in the 1st quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 98 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in Tractor Supply in the second quarter worth $33,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TSCO. Barclays raised their target price on Tractor Supply from $240.00 to $250.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Loop Capital boosted their target price on shares of Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Raymond James upped their target price on shares of Tractor Supply from $285.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Citigroup lowered shares of Tractor Supply from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Finally, Truist Financial decreased their price objective on Tractor Supply from $325.00 to $317.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $282.82.

Tractor Supply Trading Up 0.4 %

Shares of NASDAQ TSCO opened at $266.57 on Friday. Tractor Supply has a twelve month low of $191.38 and a twelve month high of $307.64. The stock has a market cap of $28.75 billion, a price-to-earnings ratio of 25.93, a P/E/G ratio of 3.33 and a beta of 0.82. 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 company’s fifty day moving average is $282.42 and its 200-day moving average is $273.71.

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were issued a dividend of $1.10 per share. The ex-dividend date was Monday, August 26th. This represents a $4.40 annualized dividend and a yield of 1.65%. Tractor Supply’s dividend payout ratio is presently 42.80%.

Insider Buying and Selling at Tractor Supply

In related news, CFO Kurt D. Barton sold 23,532 shares of the business’s stock in a transaction 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 sale, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the transaction, the senior vice president now directly owns 5,170 shares in the company, valued at $1,356,349.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kurt D. Barton sold 23,532 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the sale, the chief financial officer now owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

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.