Cynosure Group LLC Boosts Holdings in Tractor Supply (NASDAQ:TSCO)

Cynosure Group LLC grew its position in Tractor Supply (NASDAQ:TSCO) by 2.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,529 shares of the specialty retailer’s stock after purchasing an additional 42 shares during the period. Cynosure Group LLC’s holdings in Tractor Supply were worth $445,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new stake in Tractor Supply in the third quarter worth about $29,000. First Personal Financial Services bought a new stake in shares of Tractor Supply during the 3rd quarter worth approximately $29,000. Whittier Trust Co. boosted its holdings in Tractor Supply by 60.9% during the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 42 shares during the period. OFI Invest Asset Management purchased a new stake in Tractor Supply in the second quarter worth $33,000. Finally, DT Investment Partners LLC lifted its position in shares of Tractor Supply by 120.0% during the third quarter. DT Investment Partners LLC now owns 132 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 72 shares during the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tractor Supply

In other news, CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was 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. This represents a 70.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.58% of the company’s stock.

Wall Street Analyst Weigh In

TSCO has been the subject of several research reports. Benchmark boosted their price objective on shares of Tractor Supply from $280.00 to $310.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Mizuho boosted their price target on Tractor Supply from $250.00 to $270.00 and gave the company a “neutral” rating in a report on Friday, October 25th. UBS Group raised their price objective on Tractor Supply from $272.00 to $280.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. DA Davidson upped their target price on Tractor Supply from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Gordon Haskett lowered Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $282.59.

Tractor Supply Trading Up 0.6 %

Shares of NASDAQ:TSCO opened at $281.96 on Thursday. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81. Tractor Supply has a 52-week low of $197.00 and a 52-week high of $307.64. The stock has a market cap of $30.12 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 3.59 and a beta of 0.82. The business has a 50-day moving average price of $284.30 and a 200-day moving average price of $275.74.

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Monday, November 25th. Tractor Supply’s dividend payout ratio is presently 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.