Tractor Supply (NASDAQ:TSCO) Shares Bought by Blueshift Asset Management LLC

Blueshift Asset Management LLC increased its position in Tractor Supply (NASDAQ:TSCO) by 32.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,945 shares of the specialty retailer’s stock after acquiring an additional 2,452 shares during the period. Tractor Supply makes up about 0.7% of Blueshift Asset Management LLC’s investment portfolio, making the stock its 22nd biggest position. Blueshift Asset Management LLC’s holdings in Tractor Supply were worth $2,893,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Future Financial Wealth Managment LLC acquired a new position in Tractor Supply during the third quarter worth about $29,000. First Personal Financial Services acquired a new position in shares of Tractor Supply during the 3rd quarter worth approximately $29,000. Whittier Trust Co. lifted its stake in 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 buying an additional 42 shares in the last quarter. OFI Invest Asset Management acquired a new stake in Tractor Supply during the 2nd quarter valued at $33,000. Finally, DT Investment Partners LLC raised its holdings in shares of Tractor Supply by 120.0% in the third quarter. DT Investment Partners LLC now owns 132 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 72 shares during the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Tractor Supply Price Performance

Shares of TSCO stock opened at $280.19 on Wednesday. The firm has a market cap of $29.94 billion, a P/E ratio of 27.26, a P/E/G ratio of 3.59 and a beta of 0.82. The firm has a fifty day moving average of $284.23 and a two-hundred day moving average of $275.68. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17. Tractor Supply has a 1-year low of $197.00 and a 1-year high of $307.64.

Tractor Supply Announces Dividend

The company also recently disclosed 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. This represents a $4.40 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Monday, November 25th. Tractor Supply’s dividend payout ratio is currently 42.80%.

Analyst Ratings Changes

A number of research firms recently commented on TSCO. Robert W. Baird set a $320.00 price objective on Tractor Supply in a research report on Thursday, October 17th. Gordon Haskett downgraded shares of Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, October 24th. Melius Research started coverage on shares of Tractor Supply in a research note on Monday, September 23rd. They set a “buy” rating and a $315.00 price objective on the stock. Barclays boosted their price target on Tractor Supply from $240.00 to $250.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Finally, DA Davidson raised their price objective on Tractor Supply from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $282.59.

Insider Buying and Selling at Tractor Supply

In related news, CFO Kurt D. Barton sold 23,532 shares of the 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.58% of the stock is currently owned by insiders.

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.