Tractor Supply (NASDAQ:TSCO) Shares Acquired by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC lifted its stake in shares of Tractor Supply (NASDAQ:TSCO) by 1.0% during the third quarter, Holdings Channel reports. The firm owned 8,076 shares of the specialty retailer’s stock after buying an additional 77 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Tractor Supply were worth $2,349,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. CIBC Asset Management Inc boosted its stake in Tractor Supply by 8.3% during the 3rd quarter. CIBC Asset Management Inc now owns 15,743 shares of the specialty retailer’s stock valued at $4,580,000 after purchasing an additional 1,210 shares in the last quarter. Lifeworks Advisors LLC acquired a new position in shares of Tractor Supply in the 3rd quarter worth $231,000. Metis Global Partners LLC grew its holdings in shares of Tractor Supply by 1.6% in the 3rd quarter. Metis Global Partners LLC now owns 5,123 shares of the specialty retailer’s stock worth $1,490,000 after acquiring an additional 80 shares during the last quarter. KBC Group NV grew its holdings in shares of Tractor Supply by 196.4% in the 3rd quarter. KBC Group NV now owns 59,578 shares of the specialty retailer’s stock worth $17,333,000 after acquiring an additional 39,479 shares during the last quarter. Finally, Huntington National Bank grew its holdings in shares of Tractor Supply by 0.7% in the 3rd quarter. Huntington National Bank now owns 5,538 shares of the specialty retailer’s stock worth $1,611,000 after acquiring an additional 41 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Tractor Supply Trading Down 1.1 %

Shares of TSCO stock opened at $274.00 on Friday. Tractor Supply has a 52-week low of $193.73 and a 52-week high of $307.64. 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 company has a 50-day simple moving average of $284.23 and a two-hundred day simple moving average of $275.32. The company has a market capitalization of $29.27 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 3.50 and a beta of 0.82.

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Monday, November 25th. Tractor Supply’s dividend payout ratio (DPR) is presently 42.80%.

Insider Buying and Selling

In related news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the completion of the transaction, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at $2,862,682.12. This trade represents a 70.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.24% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Benchmark lifted their target price on Tractor Supply from $280.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Barclays raised their target price on Tractor Supply from $240.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. DA Davidson raised their target price on Tractor Supply from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Mizuho raised their target price on Tractor Supply from $250.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $270.00 target price on shares of Tractor Supply 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 given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average 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.