Tractor Supply (NASDAQ:TSCO) Shares Bought by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise lifted its stake in Tractor Supply (NASDAQ:TSCO) by 9.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,205 shares of the specialty retailer’s stock after purchasing an additional 987 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Tractor Supply were worth $3,260,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Henrickson Nauta Wealth Advisors Inc. lifted its holdings in Tractor Supply by 3.2% in the third quarter. Henrickson Nauta Wealth Advisors Inc. now owns 1,127 shares of the specialty retailer’s stock valued at $328,000 after acquiring an additional 35 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Tractor Supply by 0.5% in the third quarter. Private Advisor Group LLC now owns 7,693 shares of the specialty retailer’s stock valued at $2,238,000 after buying an additional 37 shares in the last quarter. Signature Wealth Management Group raised its holdings in shares of Tractor Supply by 0.5% in the 2nd quarter. Signature Wealth Management Group now owns 6,999 shares of the specialty retailer’s stock valued at $1,890,000 after buying an additional 38 shares during the period. X Square Capital LLC lifted its stake in Tractor Supply by 1.6% during the 2nd quarter. X Square Capital LLC now owns 2,579 shares of the specialty retailer’s stock worth $696,000 after acquiring an additional 41 shares in the last quarter. Finally, TCI Wealth Advisors Inc. lifted its stake in Tractor Supply by 5.1% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 846 shares of the specialty retailer’s stock worth $246,000 after acquiring an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Melius Research started coverage on shares of Tractor Supply in a research note on Monday, September 23rd. They set a “buy” rating and a $315.00 price target on the stock. Loop Capital increased their target price on shares of Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Friday, September 6th. DA Davidson boosted their price target on shares of Tractor Supply from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Citigroup cut Tractor Supply from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, Barclays boosted their target price on Tractor Supply from $240.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Tractor Supply presently has a consensus rating of “Moderate Buy” and an average target price of $282.82.

Tractor Supply Trading Down 1.4 %

NASDAQ:TSCO opened at $272.85 on Wednesday. The company has a market capitalization of $29.15 billion, a PE ratio of 26.54, a P/E/G ratio of 3.46 and a beta of 0.82. Tractor Supply has a 52-week low of $193.73 and a 52-week high of $307.64. The stock’s 50 day moving average price is $284.45 and its 200 day moving average price is $275.44. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81.

Tractor Supply Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Monday, November 25th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.61%. Tractor Supply’s dividend payout ratio (DPR) is presently 42.80%.

Insider Activity

In related news, CFO Kurt D. Barton sold 23,532 shares of the 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 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. This trade represents a 70.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.58% of the company’s stock.

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.