Huntleigh Advisors Inc. grew its stake in shares of Tractor Supply Company (NASDAQ:TSCO – Free Report) by 3.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,832 shares of the specialty retailer’s stock after buying an additional 849 shares during the quarter. Huntleigh Advisors Inc.’s holdings in Tractor Supply were worth $1,416,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of TSCO. GW&K Investment Management LLC grew its stake in shares of Tractor Supply by 89.3% during the first quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer’s stock worth $26,000 after buying an additional 226 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of Tractor Supply during the second quarter worth $35,000. Financial Gravity Asset Management Inc. bought a new stake in shares of Tractor Supply during the first quarter worth $39,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Tractor Supply during the first quarter worth $41,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Tractor Supply during the first quarter worth $41,000. Institutional investors own 98.72% of the company’s stock.
Tractor Supply Price Performance
TSCO stock opened at $55.20 on Friday. The firm has a market cap of $29.25 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 2.83 and a beta of 0.73. The company has a quick ratio of 0.16, a current ratio of 1.28 and a debt-to-equity ratio of 0.68. Tractor Supply Company has a 12-month low of $46.85 and a 12-month high of $63.99. The company’s fifty day simple moving average is $58.63 and its 200 day simple moving average is $54.96.
Tractor Supply Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Monday, August 25th. Tractor Supply’s payout ratio is 45.10%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on TSCO. Weiss Ratings reiterated a “buy (b)” rating on shares of Tractor Supply in a report on Wednesday, October 8th. Loop Capital lifted their price target on shares of Tractor Supply from $48.00 to $60.00 and gave the stock a “hold” rating in a report on Friday, July 25th. Wolfe Research began coverage on shares of Tractor Supply in a report on Thursday, September 18th. They set an “outperform” rating and a $70.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on shares of Tractor Supply from $56.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday, July 21st. Finally, Truist Financial lifted their price target on shares of Tractor Supply from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Fifteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $62.45.
Check Out Our Latest Research Report on Tractor Supply
Insider Activity at Tractor Supply
In other Tractor Supply news, CFO Kurt D. Barton sold 90,000 shares of Tractor Supply stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $63.96, for a total value of $5,756,400.00. Following the completion of the sale, the chief financial officer directly owned 47,715 shares of the company’s stock, valued at approximately $3,051,851.40. The trade was a 65.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Colin Yankee sold 6,680 shares of the business’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $58.40, for a total transaction of $390,112.00. Following the sale, the executive vice president directly owned 40,142 shares of the company’s stock, valued at approximately $2,344,292.80. The trade was a 14.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 103,045 shares of company stock valued at $6,547,257. 0.65% of the stock is currently owned by company insiders.
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.
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