GSA Capital Partners LLP Invests $474,000 in Tractor Supply (NASDAQ:TSCO)

GSA Capital Partners LLP acquired a new position in shares of Tractor Supply (NASDAQ:TSCOFree Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,628 shares of the specialty retailer’s stock, valued at approximately $474,000.

Several other large investors have also recently bought and sold shares of the stock. Henrickson Nauta Wealth Advisors Inc. raised its stake in Tractor Supply by 3.2% in the third quarter. Henrickson Nauta Wealth Advisors Inc. now owns 1,127 shares of the specialty retailer’s stock valued at $328,000 after buying an additional 35 shares during the period. Private Advisor Group LLC raised its stake in Tractor Supply by 0.5% in the third quarter. Private Advisor Group LLC now owns 7,693 shares of the specialty retailer’s stock valued at $2,238,000 after buying an additional 37 shares during the period. Signature Wealth Management Group raised its stake in Tractor Supply by 0.5% in the second quarter. Signature Wealth Management Group now owns 6,999 shares of the specialty retailer’s stock valued at $1,890,000 after buying an additional 38 shares during the period. X Square Capital LLC raised its stake in Tractor Supply by 1.6% in the second quarter. X Square Capital LLC now owns 2,579 shares of the specialty retailer’s stock valued at $696,000 after buying an additional 41 shares during the period. Finally, TCI Wealth Advisors Inc. raised its stake in Tractor Supply by 5.1% in the third quarter. TCI Wealth Advisors Inc. now owns 846 shares of the specialty retailer’s stock valued at $246,000 after buying an additional 41 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

Tractor Supply Trading Down 1.0 %

Shares of TSCO stock opened at $270.00 on Thursday. The stock’s fifty day moving average price is $284.33 and its two-hundred day moving average price is $275.40. The company has a market cap of $28.85 billion, a PE ratio of 26.26, a P/E/G ratio of 3.46 and a beta of 0.82. Tractor Supply has a fifty-two week low of $193.73 and a fifty-two week high of $307.64. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Monday, November 25th. Tractor Supply’s dividend payout ratio is presently 42.80%.

Insider Buying and Selling at Tractor Supply

In related news, CFO Kurt D. Barton sold 23,532 shares of the firm’s 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 of the company’s stock, valued at $2,862,682.12. This trade represents a 70.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.58% of the company’s stock.

Wall Street Analyst Weigh In

TSCO has been the topic of several research analyst reports. Robert W. Baird set a $320.00 price objective on Tractor Supply in a research note on Thursday, October 17th. Raymond James increased their target price on Tractor Supply from $285.00 to $290.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Evercore ISI upgraded Tractor Supply from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 15th. Mizuho increased their target price on Tractor Supply from $250.00 to $270.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, Barclays increased their target price 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 analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $282.82.

View Our Latest Analysis on TSCO

Tractor Supply Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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