Swiss National Bank Increases Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Swiss National Bank grew its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 0.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 320,000 shares of the specialty retailer’s stock after purchasing an additional 500 shares during the quarter. Swiss National Bank’s holdings in Tractor Supply were worth $93,098,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. LRI Investments LLC purchased a new stake in Tractor Supply during the first quarter valued at approximately $28,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Tractor Supply in the 3rd quarter worth $29,000. First Personal Financial Services bought a new position in Tractor Supply in the 3rd quarter worth $29,000. Whittier Trust Co. lifted its position in Tractor Supply by 60.9% during the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 42 shares in the last quarter. Finally, OFI Invest Asset Management bought a new stake in Tractor Supply during the second quarter valued at about $33,000. Institutional investors own 98.72% of the company’s stock.

Insider Activity at Tractor Supply

In other news, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction on 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 transaction, the chief financial officer now owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. This represents a 70.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.24% of the stock is currently owned by insiders.

Tractor Supply Stock Up 0.4 %

Shares of TSCO opened at $276.82 on Tuesday. The business’s 50 day simple moving average is $284.41 and its 200-day simple moving average is $275.42. Tractor Supply has a 1 year low of $193.73 and a 1 year high of $307.64. The stock has a market capitalization of $29.58 billion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 3.46 and a beta of 0.82. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $4.40 annualized dividend and a yield of 1.59%. Tractor Supply’s payout ratio is presently 42.80%.

Wall Street Analysts Forecast Growth

TSCO has been the topic of a number of analyst reports. Truist Financial lowered their price objective 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. Raymond James lifted their price target on shares of Tractor Supply from $285.00 to $290.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Wedbush reissued a “neutral” rating and issued a $270.00 price objective on shares of Tractor Supply in a research note on Friday, October 25th. Loop Capital lifted their target price on shares of Tractor Supply from $250.00 to $260.00 and gave the company a “hold” rating in a research note on Friday, September 6th. Finally, Barclays increased their price target on Tractor Supply from $240.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Tractor Supply presently has a consensus rating of “Hold” and an average price target of $282.82.

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.