Tractor Supply (NASDAQ:TSCO) Shares Purchased by KPP Advisory Services LLC

KPP Advisory Services LLC raised its position in Tractor Supply (NASDAQ:TSCO) by 13.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,167 shares of the specialty retailer’s stock after purchasing an additional 138 shares during the period. KPP Advisory Services LLC’s holdings in Tractor Supply were worth $340,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TSCO. Future Financial Wealth Managment LLC purchased a new position in Tractor Supply during the 3rd quarter valued at about $29,000. First Personal Financial Services purchased a new stake in Tractor Supply in the 3rd quarter valued at approximately $29,000. LRI Investments LLC acquired a new stake in Tractor Supply during the 1st quarter valued at $28,000. Whittier Trust Co. increased its position in Tractor Supply by 60.9% during the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after buying an additional 42 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new position in shares of Tractor Supply in the second quarter worth $33,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Trading Down 0.5 %

NASDAQ:TSCO opened at $275.66 on Friday. Tractor Supply has a 12 month low of $193.73 and a 12 month high of $307.64. The business’s 50-day moving average is $284.33 and its two-hundred day moving average is $275.32. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17. The firm has a market capitalization of $29.45 billion, a PE ratio of 26.82, a price-to-earnings-growth ratio of 3.46 and a beta of 0.82.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.60%. The ex-dividend date is Monday, November 25th. Tractor Supply’s dividend payout ratio (DPR) is presently 42.80%.

Analyst Ratings Changes

A number of research firms recently commented on TSCO. Wedbush reaffirmed a “neutral” rating and set a $270.00 price objective on shares of Tractor Supply in a research note on Friday, October 25th. DA Davidson lifted their price target on shares of Tractor Supply from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Robert W. Baird set a $320.00 price objective on shares of Tractor Supply in a research note on Thursday, October 17th. Gordon Haskett cut shares of Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, October 24th. Finally, Truist Financial reduced their price target on Tractor Supply from $325.00 to $317.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $282.82.

Insiders Place Their Bets

In other 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 transaction, the chief financial officer now directly owns 9,683 shares in the company, valued at approximately $2,862,682.12. This represents a 70.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.24% of the stock is owned by company insiders.

Tractor Supply Company 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.