Great Valley Advisor Group Inc. Sells 294 Shares of Tractor Supply (NASDAQ:TSCO)

Great Valley Advisor Group Inc. lessened its stake in shares of Tractor Supply (NASDAQ:TSCO) by 16.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,479 shares of the specialty retailer’s stock after selling 294 shares during the period. Great Valley Advisor Group Inc.’s holdings in Tractor Supply were worth $430,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Silvercrest Asset Management Group LLC increased its holdings in Tractor Supply by 10.4% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 9,587 shares of the specialty retailer’s stock worth $2,509,000 after purchasing an additional 902 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its stake in shares of Tractor Supply by 18.4% in the first quarter. B. Riley Wealth Advisors Inc. now owns 8,118 shares of the specialty retailer’s stock valued at $2,125,000 after buying an additional 1,261 shares during the period. Tidal Investments LLC raised its holdings in Tractor Supply by 321.9% in the 1st quarter. Tidal Investments LLC now owns 16,477 shares of the specialty retailer’s stock valued at $4,312,000 after buying an additional 12,572 shares during the last quarter. Comerica Bank boosted its position in 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. Finally, National Wealth Management Group LLC bought a new stake in Tractor Supply during the 1st quarter worth approximately $505,000. Institutional investors own 98.72% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TSCO shares. Evercore ISI raised shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 15th. DA Davidson raised their target price on Tractor Supply from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Melius Research started coverage on Tractor Supply in a research report on Monday, September 23rd. They issued a “buy” rating and a $315.00 price target on the stock. Piper Sandler increased their price target on Tractor Supply from $300.00 to $332.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Finally, Mizuho lifted their price objective on Tractor Supply from $250.00 to $270.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $282.59.

Tractor Supply Trading Down 2.0 %

Shares of TSCO stock opened at $280.19 on Wednesday. The stock has a market capitalization of $29.94 billion, a price-to-earnings ratio of 27.26, a PEG ratio of 3.53 and a beta of 0.82. The company’s fifty day simple moving average is $284.23 and its two-hundred day simple moving average is $275.68. Tractor Supply has a 1 year low of $197.00 and a 1 year high of $307.64. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17.

Tractor Supply Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.57%. Tractor Supply’s payout ratio is 42.80%.

Insider Buying and Selling

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was 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. This trade represents a 70.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.58% of the stock is currently owned by insiders.

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.