Nations Financial Group Inc. IA ADV Purchases Shares of 838 Tractor Supply (NASDAQ:TSCO)

Nations Financial Group Inc. IA ADV purchased a new stake in shares of Tractor Supply (NASDAQ:TSCO) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 838 shares of the specialty retailer’s stock, valued at approximately $244,000.

Other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. increased its position in shares of Tractor Supply by 527.7% during the second quarter. Assenagon Asset Management S.A. now owns 26,501 shares of the specialty retailer’s stock valued at $7,155,000 after acquiring an additional 22,279 shares during the last quarter. Ballentine Partners LLC grew its holdings in shares of Tractor Supply by 2.1% in the second quarter. Ballentine Partners LLC now owns 4,504 shares of the specialty retailer’s stock valued at $1,216,000 after purchasing an additional 93 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of Tractor Supply by 11,952.8% in the first quarter. Clearbridge Investments LLC now owns 241,177 shares of the specialty retailer’s stock valued at $63,121,000 after purchasing an additional 239,176 shares in the last quarter. Silvant Capital Management LLC grew its holdings in shares of Tractor Supply by 20.9% in the third quarter. Silvant Capital Management LLC now owns 14,781 shares of the specialty retailer’s stock valued at $4,300,000 after purchasing an additional 2,556 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Tractor Supply by 12.5% in 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 purchasing an additional 368,859 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Tractor Supply

In other news, CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the completion of the transaction, the chief financial officer now owns 9,683 shares of the company’s stock, valued at $2,862,682.12. This represents a 70.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.24% of the stock is owned by insiders.

Tractor Supply Price Performance

Tractor Supply stock opened at $277.08 on Friday. The firm has a market capitalization of $29.60 billion, a PE ratio of 26.95, a P/E/G ratio of 3.50 and a beta of 0.82. 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’s 50-day simple moving average is $284.23 and its 200 day simple moving average is $275.32. Tractor Supply has a 52 week low of $193.73 and a 52 week high of $307.64.

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $4.40 dividend on an annualized basis and a yield of 1.59%. Tractor Supply’s dividend payout ratio (DPR) is 42.80%.

Analyst Upgrades and Downgrades

TSCO has been the subject of a number of recent research reports. Piper Sandler lifted their price target on shares of Tractor Supply from $300.00 to $332.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Wells Fargo & Company lifted their price target on shares of Tractor Supply from $295.00 to $325.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Evercore ISI downgraded shares of Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 price target for the company. in a research note on Thursday, October 3rd. Benchmark boosted their price objective on shares of Tractor Supply from $280.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, Truist Financial reduced their price objective on shares of Tractor Supply from $325.00 to $317.00 and set a “buy” rating for the company in a research report on Friday, October 25th. 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 company. Based on data from MarketBeat, Tractor Supply has an average rating of “Hold” and an average target price of $282.82.

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.