Creative Planning Has $9.31 Million Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Creative Planning grew its holdings in Tractor Supply (NASDAQ:TSCO) by 2.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,004 shares of the specialty retailer’s stock after purchasing an additional 842 shares during the quarter. Creative Planning’s holdings in Tractor Supply were worth $9,311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Fiduciary Alliance LLC acquired a new position in shares of Tractor Supply in the 3rd quarter valued at about $555,000. Henrickson Nauta Wealth Advisors Inc. lifted its stake in shares of Tractor Supply by 3.2% in the 3rd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 1,127 shares of the specialty retailer’s stock valued at $328,000 after purchasing an additional 35 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Tractor Supply by 24.1% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,893 shares of the specialty retailer’s stock valued at $842,000 after purchasing an additional 562 shares during the period. Smith Chas P & Associates PA Cpas acquired a new position in shares of Tractor Supply in the 3rd quarter valued at about $201,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its stake in shares of Tractor Supply by 12.9% in the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 123,810 shares of the specialty retailer’s stock valued at $36,020,000 after purchasing an additional 14,183 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction 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 in the company, valued at approximately $1,356,349.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Kurt D. Barton sold 23,532 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now owns 9,683 shares in the company, valued at $2,862,682.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.

Tractor Supply Stock Performance

TSCO stock opened at $291.44 on Wednesday. The business has a 50 day moving average of $280.61 and a 200-day moving average of $272.47. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $307.64. The firm has a market cap of $31.42 billion, a PE ratio of 28.38, a P/E/G ratio of 3.74 and a beta of 0.80. The company has a quick ratio of 0.25, a current ratio of 1.43 and a debt-to-equity ratio of 0.76.

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

Tractor Supply Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.51%. The ex-dividend date was Monday, August 26th. Tractor Supply’s dividend payout ratio (DPR) is 42.84%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TSCO shares. Wells Fargo & Company boosted their price objective on Tractor Supply from $295.00 to $325.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Piper Sandler upped their price target on Tractor Supply from $300.00 to $332.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Benchmark reaffirmed a “buy” rating and set a $280.00 price target on shares of Tractor Supply in a research note on Monday. Loop Capital upped their price target on Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Finally, Telsey Advisory Group upped their price target on Tractor Supply from $300.00 to $335.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Tractor Supply presently has an average rating of “Moderate Buy” and an average target price of $272.50.

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.