Tractor Supply (NASDAQ:TSCO) Shares Acquired by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC lifted its holdings in Tractor Supply (NASDAQ:TSCO) by 29.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,690 shares of the specialty retailer’s stock after acquiring an additional 386 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Tractor Supply were worth $492,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of TSCO. OmniStar Financial Group Inc. acquired a new stake in Tractor Supply during the third quarter valued at $1,635,000. Aaron Wealth Advisors LLC purchased a new position in shares of Tractor Supply in the 3rd quarter valued at about $204,000. Stonegate Investment Group LLC increased its stake in shares of Tractor Supply by 16.3% in the 3rd quarter. Stonegate Investment Group LLC now owns 1,173 shares of the specialty retailer’s stock valued at $341,000 after purchasing an additional 164 shares in the last quarter. V Square Quantitative Management LLC boosted its position in Tractor Supply by 26.3% during the third quarter. V Square Quantitative Management LLC now owns 3,045 shares of the specialty retailer’s stock worth $886,000 after purchasing an additional 635 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Tractor Supply by 1.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,609 shares of the specialty retailer’s stock valued at $3,377,000 after purchasing an additional 145 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Trading Down 1.0 %

Shares of Tractor Supply stock opened at $294.60 on Tuesday. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $307.64. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.25 and a current ratio of 1.43. The firm has a market capitalization of $31.78 billion, a price-to-earnings ratio of 28.30, a PEG ratio of 3.74 and a beta of 0.80. The stock has a 50 day moving average of $279.96 and a 200 day moving average of $272.17.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $3.93. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.28 billion. During the same period last year, the company earned $3.83 EPS. The company’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, research analysts predict that Tractor Supply will post 10.23 earnings per share for the current year.

Tractor Supply Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were issued a $1.10 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $4.40 annualized dividend and a dividend yield of 1.49%. Tractor Supply’s dividend payout ratio is currently 42.43%.

Insider Buying and Selling

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was 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 of the company’s stock, valued at $1,356,349.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, SVP Matthew L. Rubin sold 540 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the transaction, the senior vice president now directly owns 5,170 shares in the company, valued at $1,356,349.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kurt D. Barton sold 23,532 shares of the business’s stock in a transaction 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 sale, the chief financial officer now owns 9,683 shares in the company, valued at $2,862,682.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Telsey Advisory Group increased their target price on Tractor Supply from $300.00 to $335.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Piper Sandler boosted 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. Robert W. Baird set a $320.00 price target on shares of Tractor Supply in a research note on Thursday. Citigroup lowered Tractor Supply from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, Melius Research started coverage on Tractor Supply in a research report on Monday, September 23rd. They issued a “buy” rating and a $315.00 target price on the stock. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Tractor Supply presently has a consensus rating of “Moderate Buy” and a consensus price target of $272.50.

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.