Qsemble Capital Management LP Sells 11,192 Shares of Tractor Supply (NASDAQ:TSCO)

Qsemble Capital Management LP cut its holdings in Tractor Supply (NASDAQ:TSCO) by 84.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,997 shares of the specialty retailer’s stock after selling 11,192 shares during the quarter. Qsemble Capital Management LP’s holdings in Tractor Supply were worth $581,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TSCO. Silvercrest Asset Management Group LLC boosted its stake in Tractor Supply by 10.4% in the first quarter. Silvercrest Asset Management Group LLC now owns 9,587 shares of the specialty retailer’s stock valued at $2,509,000 after acquiring an additional 902 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in Tractor Supply by 18.4% in the first quarter. B. Riley Wealth Advisors Inc. now owns 8,118 shares of the specialty retailer’s stock valued at $2,125,000 after acquiring an additional 1,261 shares during the last quarter. Tidal Investments LLC raised its holdings in Tractor Supply by 321.9% in the first quarter. Tidal Investments LLC now owns 16,477 shares of the specialty retailer’s stock worth $4,312,000 after purchasing an additional 12,572 shares during the period. Comerica Bank raised its holdings in Tractor Supply by 2.8% in the first quarter. Comerica Bank now owns 28,151 shares of the specialty retailer’s stock worth $7,368,000 after purchasing an additional 779 shares during the period. Finally, Wahed Invest LLC raised its holdings in Tractor Supply by 16.4% in the first quarter. Wahed Invest LLC now owns 2,076 shares of the specialty retailer’s stock worth $543,000 after purchasing an additional 293 shares during the period. 98.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. UBS Group increased their target price on shares of Tractor Supply from $272.00 to $280.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Truist Financial cut their target price on shares of Tractor Supply from $325.00 to $317.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Mizuho increased their target price on shares of Tractor Supply from $250.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Citigroup lowered shares of Tractor Supply from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Finally, Piper Sandler increased their target price on shares of Tractor Supply from $300.00 to $332.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $282.59.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $281.96 on Thursday. The company 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. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48. The company has a 50-day simple moving average of $284.30 and a 200 day simple moving average of $275.74. Tractor Supply has a 52 week low of $197.00 and a 52 week high of $307.64.

Tractor Supply Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend 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 Buying and Selling

In related news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply 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 approximately $2,862,682.12. The trade was a 70.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.58% of the stock is currently 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.