Tractor Supply (NASDAQ:TSCO) Shares Bought by Lifestyle Asset Management Inc.

Lifestyle Asset Management Inc. boosted its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 3.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,138 shares of the specialty retailer’s stock after buying an additional 149 shares during the quarter. Tractor Supply accounts for 0.7% of Lifestyle Asset Management Inc.’s investment portfolio, making the stock its 29th largest position. Lifestyle Asset Management Inc.’s holdings in Tractor Supply were worth $1,204,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of TSCO. Price T Rowe Associates Inc. MD increased its stake in shares of Tractor Supply by 12.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock worth $871,691,000 after buying an additional 368,859 shares during the period. Marshall Wace LLP lifted its holdings in Tractor Supply by 2,921.4% during the 2nd quarter. Marshall Wace LLP now owns 357,225 shares of the specialty retailer’s stock worth $96,451,000 after buying an additional 345,402 shares during the last quarter. Clearbridge Investments LLC boosted its position in shares of Tractor Supply by 11,952.8% during the 1st quarter. Clearbridge Investments LLC now owns 241,177 shares of the specialty retailer’s stock worth $63,121,000 after acquiring an additional 239,176 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Tractor Supply by 29,058.6% in the 3rd quarter. International Assets Investment Management LLC now owns 233,269 shares of the specialty retailer’s stock valued at $67,865,000 after acquiring an additional 232,469 shares during the last quarter. Finally, Employees Retirement System of Texas purchased a new stake in Tractor Supply during the second quarter worth approximately $38,070,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TSCO has been the topic of a number of research analyst reports. Mizuho raised their price objective on shares of Tractor Supply from $250.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Gordon Haskett lowered Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, October 24th. Wedbush reaffirmed a “neutral” rating and issued a $270.00 price objective on shares of Tractor Supply in a report on Friday, October 25th. Melius Research started coverage on shares of Tractor Supply in a research note on Monday, September 23rd. They issued a “buy” rating and a $315.00 price objective for the company. Finally, Loop Capital upped their price target on Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Friday, September 6th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $282.82.

Tractor Supply Price Performance

Shares of NASDAQ TSCO opened at $289.29 on Friday. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81. The business’s 50 day moving average is $283.07 and its 200-day moving average is $274.63. Tractor Supply has a 1-year low of $193.60 and a 1-year high of $307.64. The firm has a market cap of $31.21 billion, a P/E ratio of 28.14, a price-to-earnings-growth ratio of 3.62 and a beta of 0.82.

Tractor Supply Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be issued 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 dividend yield of 1.52%. Tractor Supply’s dividend payout ratio (DPR) is currently 42.80%.

Insider Activity

In related news, SVP Matthew L. Rubin sold 540 shares of Tractor Supply stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the sale, the senior vice president now directly owns 5,170 shares in the company, valued at $1,356,349.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other 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 value of $6,957,000.48. Following the completion of the sale, the chief financial officer now owns 9,683 shares in the company, valued at $2,862,682.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Matthew L. Rubin sold 540 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the completion of the sale, the senior vice president now owns 5,170 shares in the company, valued at $1,356,349.50. This 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.

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.