Tractor Supply (NASDAQ:TSCO) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. lessened its holdings in Tractor Supply (NASDAQ:TSCO) by 1.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 40,537 shares of the specialty retailer’s stock after selling 737 shares during the quarter. Advisors Asset Management Inc.’s holdings in Tractor Supply were worth $11,793,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. LRI Investments LLC purchased a new position in Tractor Supply in the first quarter valued at $28,000. Future Financial Wealth Managment LLC acquired a new stake in Tractor Supply in the 3rd quarter valued at about $29,000. First Personal Financial Services purchased a new position in shares of Tractor Supply in the 3rd quarter valued at about $29,000. Whittier Trust Co. grew its position in shares of 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 during the second quarter worth about $33,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Activity

In other 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 value of $6,957,000.48. Following the sale, the chief financial officer now owns 9,683 shares of the company’s stock, valued at $2,862,682.12. The trade was a 70.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.58% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on TSCO shares. Wells Fargo & Company raised their target price on shares of Tractor Supply from $295.00 to $325.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Raymond James raised their price objective on shares of Tractor Supply from $285.00 to $290.00 and gave the company an “outperform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. boosted their target price on shares of Tractor Supply from $260.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Melius Research assumed coverage on Tractor Supply in a report on Monday, September 23rd. They issued a “buy” rating and a $315.00 target price on the stock. Finally, Gordon Haskett downgraded Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Tractor Supply has an average rating of “Moderate Buy” and a consensus price target of $282.82.

Tractor Supply Price Performance

Shares of NASDAQ:TSCO opened at $272.85 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48. Tractor Supply has a one year low of $193.73 and a one year high of $307.64. The company has a 50-day simple moving average of $284.45 and a 200-day simple moving average of $275.44. The stock has a market capitalization of $29.15 billion, a price-to-earnings ratio of 26.54, a PEG ratio of 3.46 and a beta of 0.82.

Tractor Supply Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be paid a $1.10 dividend. The ex-dividend date is Monday, November 25th. This represents a $4.40 annualized dividend and a dividend yield of 1.61%. Tractor Supply’s dividend payout ratio (DPR) is currently 42.80%.

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.