Prime Capital Investment Advisors LLC Sells 49 Shares of Tractor Supply (NASDAQ:TSCO)

Prime Capital Investment Advisors LLC trimmed its holdings in Tractor Supply (NASDAQ:TSCO) by 0.3% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 16,328 shares of the specialty retailer’s stock after selling 49 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Tractor Supply were worth $4,750,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in shares of Tractor Supply by 12.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock valued at $871,691,000 after purchasing an additional 368,859 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Tractor Supply by 10.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,123,280 shares of the specialty retailer’s stock valued at $303,278,000 after buying an additional 110,342 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Tractor Supply by 4.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 800,463 shares of the specialty retailer’s stock worth $216,125,000 after acquiring an additional 37,071 shares during the period. Provident Trust Co. raised its holdings in Tractor Supply by 1.7% in the 3rd quarter. Provident Trust Co. now owns 679,701 shares of the specialty retailer’s stock worth $197,745,000 after purchasing an additional 11,139 shares during the period. Finally, Clearbridge Investments LLC grew its stake in shares of Tractor Supply by 67.4% during the 2nd quarter. Clearbridge Investments LLC now owns 403,710 shares of the specialty retailer’s stock valued at $109,002,000 after acquiring an additional 162,533 shares during the period. 98.72% of the stock is currently owned by institutional investors.

Tractor Supply Price Performance

NASDAQ TSCO opened at $279.19 on Wednesday. The firm’s fifty day simple moving average is $283.98 and its two-hundred day simple moving average is $275.28. The firm has a market capitalization of $29.83 billion, a P/E ratio of 27.16, a P/E/G ratio of 3.53 and a beta of 0.82. 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 12-month low of $193.73 and a 12-month high of $307.64.

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Monday, November 25th. Tractor Supply’s dividend payout ratio (DPR) is presently 42.80%.

Insider Activity at Tractor Supply

In related news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply 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 of the company’s stock, valued at $2,862,682.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.58% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TSCO has been the subject of a number of analyst reports. Melius Research began coverage on Tractor Supply in a research note on Monday, September 23rd. They issued a “buy” rating and a $315.00 price target for the company. Citigroup cut Tractor Supply from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Raymond James boosted their price target on Tractor Supply from $285.00 to $290.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Robert W. Baird set a $320.00 price objective on shares of Tractor Supply in a report on Thursday, October 17th. Finally, JPMorgan Chase & Co. upped their target price on shares of Tractor Supply from $260.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently 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.