First Horizon Advisors Inc. Has $102,000 Holdings in Tractor Supply (NASDAQ:TSCO)

First Horizon Advisors Inc. boosted its stake in Tractor Supply (NASDAQ:TSCO) by 13.2% in the third quarter, HoldingsChannel.com reports. The firm owned 351 shares of the specialty retailer’s stock after buying an additional 41 shares during the period. First Horizon Advisors Inc.’s holdings in Tractor Supply were worth $102,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. LRI Investments LLC bought a new stake in Tractor Supply in the first quarter valued at approximately $28,000. Future Financial Wealth Managment LLC bought a new stake in shares of Tractor Supply in the 3rd quarter valued at $29,000. First Personal Financial Services acquired a new stake in shares of Tractor Supply during the third quarter worth $29,000. Whittier Trust Co. raised its stake in Tractor Supply by 60.9% during the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after buying an additional 42 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in Tractor Supply in the second quarter valued at $33,000. 98.72% of the stock is owned by institutional investors.

Insider Activity at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the business’s 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 sale, the chief financial officer now directly owns 9,683 shares in the company, valued at $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 is available through the SEC website. 0.24% of the stock is owned by company insiders.

Analysts Set New Price Targets

TSCO has been the topic of a number of recent analyst reports. Melius Research began coverage on Tractor Supply in a research note on Monday, September 23rd. They issued a “buy” rating and a $315.00 price objective on the stock. Mizuho increased their price target on Tractor Supply from $250.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Gordon Haskett downgraded shares of Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, October 24th. Telsey Advisory Group reiterated an “outperform” rating and set a $335.00 target price on shares of Tractor Supply in a research report on Thursday, October 24th. Finally, UBS Group raised their price target on shares of Tractor Supply from $272.00 to $280.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $282.82.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $281.71 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48. The firm has a market cap of $30.10 billion, a price-to-earnings ratio of 27.40, a P/E/G ratio of 3.43 and a beta of 0.82. Tractor Supply has a 52 week low of $197.00 and a 52 week high of $307.64. The firm’s 50-day simple moving average is $284.18 and its two-hundred day simple moving average is $275.51.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be issued a $1.10 dividend. The ex-dividend date is Monday, November 25th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.56%. Tractor Supply’s dividend payout ratio (DPR) is presently 42.80%.

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.