Tractor Supply (NASDAQ:TSCO) Shares Purchased by X Square Capital LLC

X Square Capital LLC boosted its stake in Tractor Supply (NASDAQ:TSCO) by 8.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,795 shares of the specialty retailer’s stock after acquiring an additional 216 shares during the period. X Square Capital LLC’s holdings in Tractor Supply were worth $813,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Brookstone Capital Management increased its position in Tractor Supply by 20.1% during the 1st quarter. Brookstone Capital Management now owns 1,776 shares of the specialty retailer’s stock worth $465,000 after purchasing an additional 297 shares during the period. Future Financial Wealth Managment LLC acquired a new position in Tractor Supply during the 1st quarter worth approximately $26,000. Revolve Wealth Partners LLC acquired a new position in Tractor Supply during the 1st quarter worth approximately $219,000. Wealthcare Advisory Partners LLC acquired a new position in Tractor Supply during the 1st quarter worth approximately $332,000. Finally, 180 Wealth Advisors LLC increased its position in Tractor Supply by 0.6% during the 1st quarter. 180 Wealth Advisors LLC now owns 9,197 shares of the specialty retailer’s stock worth $2,407,000 after purchasing an additional 53 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analysts Set New Price Targets

TSCO has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on Tractor Supply from $295.00 to $325.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Loop Capital boosted their price target on Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Benchmark reissued a “buy” rating and set a $280.00 price target on shares of Tractor Supply in a research note on Monday. Evercore ISI lowered Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 price target on the stock. in a research note on Thursday, October 3rd. Finally, Wedbush reissued a “neutral” rating and set a $270.00 price target on shares of Tractor Supply in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $272.50.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was 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 of the company’s stock, valued at $1,356,349.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction dated 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 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Matthew L. Rubin sold 540 shares of Tractor Supply stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $262.35, for a total value of $141,669.00. Following the completion of the transaction, the senior vice president now owns 5,170 shares of the company’s stock, valued at $1,356,349.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.

Tractor Supply Trading Up 0.2 %

Shares of TSCO opened at $292.09 on Thursday. The company has a current ratio of 1.43, a quick ratio of 0.25 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $31.51 billion, a P/E ratio of 28.17, a price-to-earnings-growth ratio of 3.66 and a beta of 0.80. The stock’s fifty day simple moving average is $281.82 and its 200 day simple moving average is $272.88. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $307.64.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, hitting the consensus estimate of $3.93. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same period last year, the company posted $3.83 EPS. The business’s quarterly revenue was up 1.6% on a year-over-year basis. On average, equities research analysts forecast that Tractor Supply will post 10.23 earnings per share for the current year.

Tractor Supply Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend was Monday, August 26th. Tractor Supply’s dividend payout ratio (DPR) is presently 42.43%.

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.