Tractor Supply (NASDAQ:TSCO) Shares Sold by Eagle Asset Management Inc.

Eagle Asset Management Inc. lowered its position in Tractor Supply (NASDAQ:TSCO) by 8.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 361,949 shares of the specialty retailer’s stock after selling 33,714 shares during the period. Eagle Asset Management Inc.’s holdings in Tractor Supply were worth $104,444,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Future Financial Wealth Managment LLC acquired a new position in shares of Tractor Supply during the 3rd quarter worth about $29,000. First Personal Financial Services acquired a new position in shares of Tractor Supply during the 3rd quarter worth about $29,000. LRI Investments LLC acquired a new position in shares of Tractor Supply during the 1st quarter worth about $28,000. Whittier Trust Co. raised its position in shares of Tractor Supply by 60.9% during the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 42 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in shares of Tractor Supply during the 2nd quarter worth about $33,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

TSCO has been the subject of several research reports. Evercore ISI raised shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 15th. Mizuho upped their price objective on shares of Tractor Supply from $250.00 to $270.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Citigroup cut shares of Tractor Supply from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Gordon Haskett cut shares of Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, October 24th. Finally, Raymond James increased their price target on shares of Tractor Supply from $285.00 to $290.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $282.82.

Tractor Supply Price Performance

Shares of TSCO opened at $273.45 on Friday. Tractor Supply has a twelve month low of $197.00 and a twelve month high of $307.64. The firm’s fifty day simple moving average is $284.21 and its 200-day simple moving average is $275.38. The firm has a market capitalization of $29.22 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 3.42 and a beta of 0.82. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81.

Tractor Supply Announces Dividend

The company also recently disclosed 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 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 payout ratio is 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 shares were sold at an average price of $295.64, for a total value of $6,957,000.48. Following the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.24% 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.