BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 2,682 Shares of Tractor Supply (NASDAQ:TSCO)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its position in shares of Tractor Supply (NASDAQ:TSCO) by 13.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 17,986 shares of the specialty retailer’s stock after selling 2,682 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Tractor Supply were worth $5,233,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC bought a new position in Tractor Supply during the third quarter worth about $29,000. First Personal Financial Services purchased a new position in Tractor Supply in the 3rd quarter valued at approximately $29,000. Whittier Trust Co. raised 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. Providence Capital Advisors LLC purchased a new stake in shares of Tractor Supply during the third quarter worth $32,000. Finally, OFI Invest Asset Management bought a new position in shares of Tractor Supply in the second quarter worth $33,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Insider Transactions at Tractor Supply

In other news, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the completion of the sale, the chief financial officer now directly owns 9,683 shares in the company, valued at approximately $2,862,682.12. This represents a 70.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.58% of the company’s stock.

Tractor Supply Trading Up 2.3 %

Shares of TSCO stock opened at $290.27 on Tuesday. The business has a 50-day moving average of $284.77 and a 200 day moving average of $275.92. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17. Tractor Supply has a 1-year low of $205.48 and a 1-year high of $307.64. The stock has a market capitalization of $31.01 billion, a PE ratio of 28.24, a P/E/G ratio of 3.56 and a beta of 0.83.

Tractor Supply Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Monday, November 25th. Tractor Supply’s dividend payout ratio (DPR) is presently 42.80%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Barclays boosted their price objective on Tractor Supply from $240.00 to $250.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. DA Davidson upped their price target on Tractor Supply from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Robert W. Baird set a $320.00 price objective on shares of Tractor Supply in a research report on Thursday, October 17th. Raymond James upped their target price on shares of Tractor Supply from $285.00 to $290.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $335.00 price target on shares of Tractor Supply in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Tractor Supply presently has an average rating of “Moderate Buy” and a consensus price target of $282.59.

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.