Arcadia Investment Management Corp MI Has $5.98 Million Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Arcadia Investment Management Corp MI lessened its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 16.4% in the third quarter, Holdings Channel.com reports. The fund owned 20,545 shares of the specialty retailer’s stock after selling 4,024 shares during the quarter. Arcadia Investment Management Corp MI’s holdings in Tractor Supply were worth $5,977,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. First Trust Direct Indexing L.P. grew its holdings in shares of Tractor Supply by 11.8% in the 1st quarter. First Trust Direct Indexing L.P. now owns 2,908 shares of the specialty retailer’s stock valued at $761,000 after buying an additional 306 shares during the period. Norden Group LLC grew its holdings in shares of Tractor Supply by 53.5% in the 1st quarter. Norden Group LLC now owns 3,730 shares of the specialty retailer’s stock valued at $976,000 after buying an additional 1,300 shares during the period. Private Advisor Group LLC grew its holdings in shares of Tractor Supply by 9.0% in the 1st quarter. Private Advisor Group LLC now owns 7,116 shares of the specialty retailer’s stock valued at $1,862,000 after buying an additional 589 shares during the period. Diversify Advisory Services LLC acquired a new position in shares of Tractor Supply in the 1st quarter valued at $497,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Tractor Supply by 3.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,043 shares of the specialty retailer’s stock valued at $8,648,000 after buying an additional 1,152 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TSCO shares. Robert W. Baird set a $320.00 price target on shares of Tractor Supply in a report on Thursday, October 17th. Raymond James boosted their price objective on shares of Tractor Supply from $285.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Melius Research started coverage on shares of Tractor Supply in a research report on Monday, September 23rd. They issued a “buy” rating and a $315.00 price objective on the stock. Benchmark boosted their price objective on shares of Tractor Supply from $280.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $335.00 price objective on shares of Tractor Supply in a research report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Tractor Supply presently has a consensus rating of “Hold” and an average target price of $282.82.

Tractor Supply Price Performance

NASDAQ:TSCO opened at $266.57 on Friday. Tractor Supply has a one year low of $191.38 and a one year high of $307.64. The company has a market cap of $28.75 billion, a P/E ratio of 25.93, a P/E/G ratio of 3.33 and a beta of 0.82. The firm’s fifty day moving average price is $282.42 and its two-hundred day moving average price is $273.71. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were issued a $1.10 dividend. The ex-dividend date was Monday, August 26th. This represents a $4.40 annualized dividend and a dividend yield of 1.65%. Tractor Supply’s dividend payout ratio is currently 42.80%.

Insider Activity

In other news, SVP Matthew L. Rubin sold 540 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the completion of the sale, the senior vice president now owns 5,170 shares of the company’s stock, valued at approximately $1,356,349.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Kurt D. Barton sold 23,532 shares of the company’s 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 owns 9,683 shares of the company’s stock, valued at $2,862,682.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the transaction, the senior vice president now directly owns 5,170 shares of the company’s stock, valued at $1,356,349.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

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.