1,483 Shares in Tractor Supply (NASDAQ:TSCO) Acquired by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC bought a new stake in shares of Tractor Supply (NASDAQ:TSCO) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,483 shares of the specialty retailer’s stock, valued at approximately $431,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Henrickson Nauta Wealth Advisors Inc. raised its stake in shares of Tractor Supply by 3.2% during the third quarter. Henrickson Nauta Wealth Advisors Inc. now owns 1,127 shares of the specialty retailer’s stock valued at $328,000 after purchasing an additional 35 shares in the last quarter. Private Advisor Group LLC increased its stake in Tractor Supply by 0.5% during the 3rd 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 during the period. Signature Wealth Management Group lifted its stake 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 worth $1,890,000 after acquiring an additional 38 shares during the period. X Square Capital LLC lifted 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 worth $696,000 after acquiring an additional 41 shares during the period. Finally, TCI Wealth Advisors Inc. boosted its holdings in shares of Tractor Supply by 5.1% in the third quarter. TCI Wealth Advisors Inc. now owns 846 shares of the specialty retailer’s stock valued at $246,000 after acquiring an additional 41 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on TSCO. Mizuho upped their target price on Tractor Supply from $250.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. raised their target price on Tractor Supply from $260.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Telsey Advisory Group reiterated an “outperform” rating and issued a $335.00 price target on shares of Tractor Supply in a research report on Thursday, October 24th. Piper Sandler upped their price target on shares of Tractor Supply from $300.00 to $332.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Finally, Robert W. Baird set a $320.00 price objective on shares of Tractor Supply in a research note on Thursday, October 17th. Two investment 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $282.82.

Tractor Supply Price Performance

Shares of TSCO opened at $281.71 on Friday. The business’s 50-day moving average is $284.18 and its 200-day moving average is $275.51. 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 company has a market capitalization of $30.10 billion, a price-to-earnings ratio of 27.40, a P/E/G ratio of 3.43 and a beta of 0.82. Tractor Supply has a fifty-two week low of $197.00 and a fifty-two week high of $307.64.

Tractor Supply Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $4.40 annualized dividend and a yield of 1.56%. Tractor Supply’s dividend payout ratio is presently 42.80%.

Insiders Place Their Bets

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 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. This trade represents a 70.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.