Prospera Private Wealth LLC Acquires Shares of 11,680 Tractor Supply (NASDAQ:TSCO)

Prospera Private Wealth LLC bought a new position in Tractor Supply (NASDAQ:TSCO) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 11,680 shares of the specialty retailer’s stock, valued at approximately $3,398,000.

Several other large investors have also recently modified their holdings of TSCO. Future Financial Wealth Managment LLC purchased a new stake in Tractor Supply during the 3rd quarter worth about $29,000. First Personal Financial Services purchased a new stake in shares of Tractor Supply in the third quarter worth about $29,000. LRI Investments LLC purchased a new stake in shares of Tractor Supply in the first quarter worth about $28,000. Whittier Trust Co. boosted its position in shares of Tractor Supply by 60.9% in the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 42 shares during the period. Finally, OFI Invest Asset Management purchased a new position in Tractor Supply during the second quarter valued at approximately $33,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Trading Down 1.4 %

Shares of TSCO stock opened at $272.85 on Wednesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17. The business has a 50-day moving average of $284.45 and a 200 day moving average of $275.44. The stock has a market capitalization of $29.15 billion, a PE ratio of 26.54, a P/E/G ratio of 3.46 and a beta of 0.82. Tractor Supply has a 1-year low of $193.73 and a 1-year high of $307.64.

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Monday, November 25th. Tractor Supply’s payout ratio is 42.80%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Piper Sandler increased their target price 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. JPMorgan Chase & Co. lifted their price objective on Tractor Supply from $260.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Truist Financial decreased their target price on Tractor Supply from $325.00 to $317.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $335.00 price target on shares of Tractor Supply in a report on Thursday, October 24th. Finally, Melius Research initiated coverage on Tractor Supply in a report on Monday, September 23rd. They set a “buy” rating and a $315.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $282.82.

Insider Activity at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the business’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 approximately $2,862,682.12. The trade was a 70.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.58% of the stock is currently owned by company insiders.

Tractor Supply Company 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.