CIBC Asset Management Inc Has $4.58 Million Stock Position in Tractor Supply (NASDAQ:TSCO)

CIBC Asset Management Inc lifted its stake in shares of Tractor Supply (NASDAQ:TSCO) by 8.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 15,743 shares of the specialty retailer’s stock after buying an additional 1,210 shares during the period. CIBC Asset Management Inc’s holdings in Tractor Supply were worth $4,580,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TSCO. LRI Investments LLC bought a new stake in shares of Tractor Supply during the 1st quarter worth $28,000. Future Financial Wealth Managment LLC bought a new stake in shares of Tractor Supply during the 3rd quarter worth $29,000. First Personal Financial Services bought a new position in Tractor Supply in the third quarter valued at about $29,000. Whittier Trust Co. raised its position in Tractor Supply by 60.9% in the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 42 shares during the last quarter. Finally, OFI Invest Asset Management bought a new position in Tractor Supply in the second quarter valued at about $33,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the company. Robert W. Baird set a $320.00 target price on Tractor Supply in a research report on Thursday, October 17th. Wedbush reissued a “neutral” rating and issued a $270.00 price target on shares of Tractor Supply in a research note on Friday, October 25th. Loop Capital increased their price target on Tractor Supply from $250.00 to $260.00 and gave the company a “hold” rating in a research note on Friday, September 6th. UBS Group raised their target price on Tractor Supply from $272.00 to $280.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, Evercore ISI cut Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 target price for the company. in a research note on Thursday, October 3rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Tractor Supply presently has an average rating of “Hold” and a consensus price target of $282.82.

Insider Buying and Selling

In related news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the sale, the chief financial officer now directly owns 9,683 shares in the company, valued at approximately $2,862,682.12. This trade represents a 70.85 % 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. 0.24% of the stock is currently owned by corporate insiders.

Tractor Supply Stock Down 0.5 %

TSCO stock opened at $275.66 on Monday. Tractor Supply has a twelve month low of $193.73 and a twelve month high of $307.64. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81. The stock’s 50 day moving average is $284.33 and its 200-day moving average is $275.35. The firm has a market capitalization of $29.45 billion, a PE ratio of 26.82, a P/E/G ratio of 3.46 and a beta of 0.82.

Tractor Supply Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be issued a $1.10 dividend. The ex-dividend date is Monday, November 25th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.60%. Tractor Supply’s dividend payout ratio is presently 42.80%.

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.