Northwest & Ethical Investments L.P. Has $3.09 Million Holdings in Tractor Supply (NASDAQ:TSCO)

Northwest & Ethical Investments L.P. raised its position in shares of Tractor Supply (NASDAQ:TSCO) by 2.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 10,625 shares of the specialty retailer’s stock after purchasing an additional 219 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Tractor Supply were worth $3,091,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TSCO. Comerica Bank grew its position in shares of Tractor Supply by 2.8% during the 1st quarter. Comerica Bank now owns 28,151 shares of the specialty retailer’s stock worth $7,368,000 after buying an additional 779 shares during the period. Swedbank AB acquired a new stake in shares of Tractor Supply during the 1st quarter worth approximately $34,262,000. Atria Investments Inc grew its position in shares of Tractor Supply by 0.4% during the 1st quarter. Atria Investments Inc now owns 22,415 shares of the specialty retailer’s stock worth $5,866,000 after buying an additional 100 shares during the period. Cetera Investment Advisers grew its position in shares of Tractor Supply by 199.0% during the 1st quarter. Cetera Investment Advisers now owns 35,771 shares of the specialty retailer’s stock worth $9,362,000 after buying an additional 23,806 shares during the period. Finally, Cetera Advisors LLC grew its position in shares of Tractor Supply by 37.3% during the 1st quarter. Cetera Advisors LLC now owns 10,729 shares of the specialty retailer’s stock worth $2,808,000 after buying an additional 2,916 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TSCO shares. Loop Capital increased their target price on Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Friday, September 6th. Piper Sandler increased their target price on Tractor Supply from $300.00 to $332.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Mizuho increased their target price on Tractor Supply from $250.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Truist Financial cut their target price on Tractor Supply from $325.00 to $317.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, Benchmark increased their target price on Tractor Supply from $280.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $282.59.

Tractor Supply Stock Up 0.6 %

TSCO stock opened at $281.96 on Friday. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $30.12 billion, a PE ratio of 27.43, a PEG ratio of 3.54 and a beta of 0.82. Tractor Supply has a twelve month low of $197.00 and a twelve month high of $307.64. The stock has a 50-day simple moving average of $284.43 and a two-hundred day simple moving average of $275.79.

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 given a dividend of $1.10 per share. The ex-dividend date is Monday, November 25th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.56%. Tractor Supply’s dividend payout ratio (DPR) is presently 42.80%.

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 stock was sold at an average price of $295.64, for a total transaction 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 approximately $2,862,682.12. This trade represents a 70.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.24% of the company’s stock.

Tractor Supply 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.