Tractor Supply (NASDAQ:TSCO) Shares Bought by Metis Global Partners LLC

Metis Global Partners LLC boosted its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 1.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,123 shares of the specialty retailer’s stock after purchasing an additional 80 shares during the quarter. Metis Global Partners LLC’s holdings in Tractor Supply were worth $1,490,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its position in shares of Tractor Supply by 527.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 26,501 shares of the specialty retailer’s stock valued at $7,155,000 after buying an additional 22,279 shares in the last quarter. Ballentine Partners LLC lifted its holdings in Tractor Supply by 2.1% during the second quarter. Ballentine Partners LLC now owns 4,504 shares of the specialty retailer’s stock valued at $1,216,000 after purchasing an additional 93 shares in the last quarter. Clearbridge Investments LLC grew its position in shares of Tractor Supply by 11,952.8% in the first quarter. Clearbridge Investments LLC now owns 241,177 shares of the specialty retailer’s stock valued at $63,121,000 after purchasing an additional 239,176 shares during the period. Silvant Capital Management LLC increased its stake in shares of Tractor Supply by 20.9% during the third quarter. Silvant Capital Management LLC now owns 14,781 shares of the specialty retailer’s stock worth $4,300,000 after purchasing an additional 2,556 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Tractor Supply by 12.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock worth $871,691,000 after purchasing an additional 368,859 shares in the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total value of $6,957,000.48. Following the completion of 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 70.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

TSCO has been the topic of a number of research reports. UBS Group lifted their price objective on Tractor Supply from $272.00 to $280.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Wedbush reiterated a “neutral” rating and set a $270.00 price target on shares of Tractor Supply in a research report on Friday, October 25th. JPMorgan Chase & Co. increased their price objective on Tractor Supply from $260.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Truist Financial lowered their target price on shares of Tractor Supply from $325.00 to $317.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, Wells Fargo & Company increased their target price on shares of Tractor Supply from $295.00 to $325.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Two research 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. According to data from MarketBeat.com, Tractor Supply currently has an average rating of “Hold” and an average price target of $282.82.

Tractor Supply Stock Down 0.5 %

Shares of NASDAQ:TSCO opened at $275.66 on Friday. The company has a market capitalization of $29.45 billion, a price-to-earnings ratio of 26.82, a PEG ratio of 3.50 and a beta of 0.82. Tractor Supply has a 12-month low of $193.73 and a 12-month high of $307.64. The business has a 50-day moving average price of $284.33 and a 200 day moving average price of $275.32. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Monday, November 25th. Tractor Supply’s dividend payout ratio is presently 42.80%.

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.