Tractor Supply (NASDAQ:TSCO) Shares Sold by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. lessened its holdings in Tractor Supply (NASDAQ:TSCO) by 21.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,763 shares of the specialty retailer’s stock after selling 9,872 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Tractor Supply were worth $10,695,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. LRI Investments LLC acquired a new stake in shares of Tractor Supply during the 1st quarter worth about $28,000. Silvercrest Asset Management Group LLC lifted its position in shares of Tractor Supply by 10.4% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 9,587 shares of the specialty retailer’s stock worth $2,509,000 after buying an additional 902 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Tractor Supply by 18.4% in the 1st 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 in the last quarter. Tidal Investments LLC raised its stake in Tractor Supply by 321.9% during the 1st quarter. Tidal Investments LLC now owns 16,477 shares of the specialty retailer’s stock worth $4,312,000 after acquiring an additional 12,572 shares in the last quarter. Finally, Comerica Bank raised its stake 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 acquiring an additional 779 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Tractor Supply Stock Performance

NASDAQ TSCO opened at $281.71 on Monday. The business’s 50-day moving average price is $284.18 and its 200 day moving average price is $275.57. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81. Tractor Supply has a twelve month low of $197.00 and a twelve month high of $307.64. The company has a market capitalization of $30.10 billion, a PE ratio of 27.40, a price-to-earnings-growth ratio of 3.53 and a beta of 0.82.

Tractor Supply Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Monday, November 25th. Tractor Supply’s dividend payout ratio (DPR) is presently 42.80%.

Insiders Place Their Bets

In other news, CFO Kurt D. Barton sold 23,532 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the completion of 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 70.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.58% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TSCO has been the topic of several research reports. Piper Sandler raised their price objective on Tractor Supply from $300.00 to $332.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Wedbush restated a “neutral” rating and set a $270.00 price target on shares of Tractor Supply in a research note on Friday, October 25th. Truist Financial cut their price target on Tractor Supply from $325.00 to $317.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Barclays increased their price objective on Tractor Supply from $240.00 to $250.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Finally, DA Davidson lifted their target price on shares of Tractor Supply from $300.00 to $325.00 and gave the company a “buy” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Tractor Supply has a consensus rating of “Moderate Buy” and a consensus target price of $282.82.

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.