Crossmark Global Holdings Inc. Sells 665 Shares of Tractor Supply (NASDAQ:TSCO)

Crossmark Global Holdings Inc. cut its stake in shares of Tractor Supply (NASDAQ:TSCO) by 8.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,524 shares of the specialty retailer’s stock after selling 665 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Tractor Supply were worth $2,189,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its holdings in shares of Tractor Supply by 12.5% during the first 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 acquiring an additional 368,859 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of 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 acquiring an additional 110,342 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Tractor Supply by 4.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 800,463 shares of the specialty retailer’s stock valued at $216,125,000 after acquiring an additional 37,071 shares in the last quarter. Provident Trust Co. increased its holdings in shares of Tractor Supply by 1.7% during the third quarter. Provident Trust Co. now owns 679,701 shares of the specialty retailer’s stock valued at $197,745,000 after acquiring an additional 11,139 shares in the last quarter. Finally, Clearbridge Investments LLC increased its holdings in shares of Tractor Supply by 67.4% during the second 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 in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Truist Financial decreased their target price on Tractor Supply from $325.00 to $317.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Gordon Haskett lowered Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, October 24th. Citigroup lowered Tractor Supply from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Wedbush reissued a “neutral” rating and issued a $270.00 target price on shares of Tractor Supply in a research report on Friday, October 25th. Finally, Barclays boosted their target price on Tractor Supply from $240.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $282.82.

Insider Transactions at Tractor Supply

In other news, CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at $2,862,682.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.24% of the company’s stock.

Tractor Supply Trading Down 0.8 %

TSCO stock opened at $279.19 on Wednesday. Tractor Supply has a 1-year low of $193.73 and a 1-year high of $307.64. 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 company has a market capitalization of $30.12 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 3.62 and a beta of 0.82. The business has a 50 day simple moving average of $283.98 and a two-hundred day simple moving average of $275.28.

Tractor Supply Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be issued a dividend of $1.10 per share. The ex-dividend date is Monday, November 25th. This represents a $4.40 annualized dividend and a dividend yield of 1.58%. Tractor Supply’s dividend payout ratio (DPR) is 42.80%.

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.