Washington Trust Bank Sells 180 Shares of Tractor Supply (NASDAQ:TSCO)

Washington Trust Bank trimmed its holdings in Tractor Supply (NASDAQ:TSCO) by 10.5% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,542 shares of the specialty retailer’s stock after selling 180 shares during the quarter. Washington Trust Bank’s holdings in Tractor Supply were worth $449,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Private Advisor Group LLC boosted its position in Tractor Supply by 9.0% during the first quarter. Private Advisor Group LLC now owns 7,116 shares of the specialty retailer’s stock valued at $1,862,000 after buying an additional 589 shares during the period. Avidian Wealth Solutions LLC purchased a new stake in Tractor Supply during the 1st quarter valued at about $211,000. Duality Advisers LP boosted its holdings in Tractor Supply by 24.6% during the 1st quarter. Duality Advisers LP now owns 25,733 shares of the specialty retailer’s stock valued at $6,735,000 after acquiring an additional 5,079 shares during the period. Empirical Finance LLC grew its position in Tractor Supply by 3.4% during the 1st quarter. Empirical Finance LLC now owns 4,039 shares of the specialty retailer’s stock worth $1,057,000 after acquiring an additional 133 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its stake in Tractor Supply by 3.2% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 5,980 shares of the specialty retailer’s stock worth $1,565,000 after purchasing an additional 188 shares during the period. Institutional investors own 98.72% of the company’s stock.

Insider Transactions at Tractor Supply

In related 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 value of $6,957,000.48. Following the transaction, the chief financial officer now owns 9,683 shares in the company, valued at $2,862,682.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Kurt D. Barton sold 23,532 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now directly owns 9,683 shares in the company, valued at $2,862,682.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction on 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 disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Tractor Supply Stock Up 1.0 %

Shares of Tractor Supply stock traded up $3.01 during midday trading on Thursday, hitting $291.96. The company had a trading volume of 8,630 shares, compared to its average volume of 1,053,976. The company has a 50 day moving average of $282.75 and a 200 day moving average of $274.53. The stock has a market capitalization of $31.49 billion, a P/E ratio of 28.11, a P/E/G ratio of 3.39 and a beta of 0.82. Tractor Supply has a 52-week low of $193.60 and a 52-week high of $307.64. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TSCO shares. Wedbush reissued a “neutral” rating and set a $270.00 price objective on shares of Tractor Supply in a research note on Friday, October 25th. UBS Group boosted their price objective on shares of Tractor Supply from $272.00 to $280.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Telsey Advisory Group reiterated an “outperform” rating and set a $335.00 target price on shares of Tractor Supply in a report on Thursday, October 24th. Piper Sandler upped their price target on Tractor Supply from $300.00 to $332.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Finally, Robert W. Baird set a $320.00 price objective on Tractor Supply in a research report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Tractor Supply has a consensus rating of “Hold” and a consensus target price of $282.82.

About Tractor Supply

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.