Tractor Supply (NASDAQ:TSCO) Stake Decreased by Speece Thorson Capital Group Inc.

Speece Thorson Capital Group Inc. lessened its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 0.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,041 shares of the specialty retailer’s stock after selling 144 shares during the period. Tractor Supply accounts for about 2.7% of Speece Thorson Capital Group Inc.’s investment portfolio, making the stock its 16th biggest holding. Speece Thorson Capital Group Inc.’s holdings in Tractor Supply were worth $14,849,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TSCO. Price T Rowe Associates Inc. MD raised its holdings 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 valued at $871,691,000 after buying an additional 368,859 shares during the last quarter. Marshall Wace LLP raised its holdings in Tractor Supply by 2,921.4% during the second quarter. Marshall Wace LLP now owns 357,225 shares of the specialty retailer’s stock worth $96,451,000 after purchasing an additional 345,402 shares in the last quarter. Clearbridge Investments LLC raised its holdings in Tractor Supply by 11,952.8% during the first quarter. Clearbridge Investments LLC now owns 241,177 shares of the specialty retailer’s stock worth $63,121,000 after purchasing an additional 239,176 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Tractor Supply by 29,058.6% during the third quarter. International Assets Investment Management LLC now owns 233,269 shares of the specialty retailer’s stock worth $67,865,000 after purchasing an additional 232,469 shares in the last quarter. Finally, Employees Retirement System of Texas bought a new stake in Tractor Supply during the second quarter worth approximately $38,070,000. Institutional investors own 98.72% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on TSCO. JPMorgan Chase & Co. boosted their target price on Tractor Supply from $260.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Wells Fargo & Company upped their price target on Tractor Supply from $295.00 to $325.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Gordon Haskett cut Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, October 24th. Evercore ISI cut Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 price target on the stock. in a report on Thursday, October 3rd. Finally, Citigroup cut Tractor Supply from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $282.82.

Tractor Supply Stock Down 0.2 %

Shares of Tractor Supply stock traded down $0.48 on Wednesday, hitting $278.71. 65,462 shares of the company traded hands, compared to its average volume of 1,053,921. The company has a 50-day moving average price of $283.98 and a 200 day moving average price of $275.28. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81. Tractor Supply has a 12-month low of $193.73 and a 12-month high of $307.64. The company has a market cap of $29.78 billion, a PE ratio of 27.16, a PEG ratio of 3.53 and a beta of 0.82.

Tractor Supply Announces Dividend

The business 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. This represents a $4.40 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Monday, November 25th. Tractor Supply’s dividend payout ratio is currently 42.80%.

Insider Activity

In related news, CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction on 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 directly owns 9,683 shares in the company, valued at approximately $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 accessible through this link. 0.58% 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.