DekaBank Deutsche Girozentrale Cuts Position in Tractor Supply (NASDAQ:TSCO)

DekaBank Deutsche Girozentrale cut its stake in Tractor Supply (NASDAQ:TSCO) by 6.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,862 shares of the specialty retailer’s stock after selling 1,572 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Tractor Supply were worth $6,782,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TSCO. LRI Investments LLC bought a new stake in Tractor Supply in the first quarter worth $28,000. J.Safra Asset Management Corp lifted its stake in Tractor Supply by 700.0% in the first quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 98 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in Tractor Supply in the third quarter worth $29,000. Whittier Trust Co. lifted its stake in Tractor Supply by 60.9% in the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 42 shares during the last quarter. Finally, OFI Invest Asset Management bought a new stake in Tractor Supply in the second quarter worth $33,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the sale, the senior vice president now owns 5,170 shares in the company, valued at approximately $1,356,349.50. This represents a 0.00 % 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. In other news, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the sale, the senior vice president now owns 5,170 shares in the company, valued at $1,356,349.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.

Tractor Supply Price Performance

Shares of TSCO opened at $267.94 on Thursday. The stock has a market cap of $28.90 billion, a PE ratio of 26.06, a price-to-earnings-growth ratio of 3.42 and a beta of 0.80. 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 fifty-two week low of $188.07 and a fifty-two week high of $307.64. The firm’s 50-day simple moving average is $282.47 and its two-hundred day simple moving average is $273.60.

Tractor Supply Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Monday, August 26th. Tractor Supply’s dividend payout ratio (DPR) is presently 42.80%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. DA Davidson boosted their price target on shares of Tractor Supply from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Benchmark boosted their price target on shares of Tractor Supply from $280.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday. Robert W. Baird set a $320.00 price objective on shares of Tractor Supply in a research note on Thursday, October 17th. Gordon Haskett downgraded shares of Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, October 24th. Finally, Barclays upped their price objective on shares of Tractor Supply from $240.00 to $250.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $279.00.

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.