Charles Schwab Investment Management Inc. Buys 8,142 Shares of Tractor Supply (NASDAQ:TSCO)

Charles Schwab Investment Management Inc. increased its position in shares of Tractor Supply (NASDAQ:TSCO) by 1.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 631,406 shares of the specialty retailer’s stock after acquiring an additional 8,142 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Tractor Supply were worth $183,695,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. LRI Investments LLC acquired a new position in shares of Tractor Supply in the 1st quarter valued at approximately $28,000. Future Financial Wealth Managment LLC acquired a new position in Tractor Supply during the third quarter valued at approximately $29,000. First Personal Financial Services bought a new stake in Tractor Supply during the third quarter worth $29,000. Whittier Trust Co. boosted its holdings in shares of Tractor Supply by 60.9% in 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. Finally, OFI Invest Asset Management bought a new position in shares of Tractor Supply in the 2nd quarter valued at $33,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Kurt D. Barton sold 23,532 shares of the company’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 in the company, valued at $2,862,682.12. This represents a 70.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.24% of the company’s stock.

Tractor Supply Stock Up 3.0 %

Shares of NASDAQ TSCO opened at $281.71 on Friday. The company’s 50 day moving average price is $284.18 and its 200-day moving average price is $275.51. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48. Tractor Supply has a 52-week low of $197.00 and a 52-week high of $307.64. The company has a market capitalization of $30.10 billion, a P/E ratio of 27.40, a price-to-earnings-growth ratio of 3.43 and a beta of 0.82.

Tractor Supply Dividend Announcement

The company 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. The ex-dividend date of this dividend is Monday, November 25th. This represents a $4.40 dividend on an annualized basis and a yield of 1.56%. Tractor Supply’s dividend payout ratio (DPR) is currently 42.80%.

Analysts Set New Price Targets

Several analysts recently weighed in on TSCO shares. Piper Sandler upped their price objective on Tractor Supply from $300.00 to $332.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Evercore ISI raised shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a report on Friday, November 15th. Truist Financial decreased their price target on shares of Tractor Supply from $325.00 to $317.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Barclays increased their price objective on shares of Tractor Supply from $240.00 to $250.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Finally, Melius Research initiated coverage on shares of Tractor Supply in a research note on Monday, September 23rd. They set a “buy” rating and a $315.00 target price on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $282.82.

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.