FORA Capital LLC Sells 180 Shares of Tractor Supply (NASDAQ:TSCO)

FORA Capital LLC lessened its stake in Tractor Supply (NASDAQ:TSCO) by 2.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,651 shares of the specialty retailer’s stock after selling 180 shares during the quarter. FORA Capital LLC’s holdings in Tractor Supply were worth $1,935,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Henrickson Nauta Wealth Advisors Inc. lifted its holdings in shares of Tractor Supply by 3.2% during the 3rd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 1,127 shares of the specialty retailer’s stock worth $328,000 after acquiring an additional 35 shares during the period. Private Advisor Group LLC raised its position in Tractor Supply by 0.5% during the third quarter. Private Advisor Group LLC now owns 7,693 shares of the specialty retailer’s stock valued at $2,238,000 after purchasing an additional 37 shares in the last quarter. Signature Wealth Management Group lifted its stake in Tractor Supply by 0.5% during the second quarter. Signature Wealth Management Group now owns 6,999 shares of the specialty retailer’s stock worth $1,890,000 after purchasing an additional 38 shares during the last quarter. Baldwin Investment Management LLC boosted its holdings in shares of Tractor Supply by 0.3% in the 3rd quarter. Baldwin Investment Management LLC now owns 11,402 shares of the specialty retailer’s stock valued at $3,317,000 after purchasing an additional 38 shares in the last quarter. Finally, X Square Capital LLC increased its stake in shares of Tractor Supply by 1.6% in the 2nd quarter. X Square Capital LLC now owns 2,579 shares of the specialty retailer’s stock valued at $696,000 after purchasing an additional 41 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TSCO. Raymond James lifted their target price on Tractor Supply from $285.00 to $290.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. DA Davidson lifted their price target on shares of Tractor Supply from $300.00 to $325.00 and gave the company a “buy” rating in a report on Friday, October 25th. Telsey Advisory Group reissued an “outperform” rating and issued a $335.00 price objective on shares of Tractor Supply in a research note on Thursday, October 24th. 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 target price on the stock. Finally, Truist Financial lowered their price target on shares of Tractor Supply from $325.00 to $317.00 and set a “buy” rating for the company in a report on Friday, October 25th. Two 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. Based on data from MarketBeat.com, Tractor Supply presently has a consensus rating of “Moderate Buy” and an average target price of $282.59.

Tractor Supply Stock Performance

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

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders 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 dividend yield of 1.56%. The ex-dividend date of this dividend is Monday, November 25th. Tractor Supply’s payout ratio is 42.80%.

Insider Transactions at Tractor Supply

In other news, CFO Kurt D. Barton sold 23,532 shares of the business’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 directly owns 9,683 shares of the company’s stock, valued at $2,862,682.12. The trade was a 70.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.58% of the stock is owned by insiders.

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.