Captrust Financial Advisors Sells 463 Shares of Tractor Supply (NASDAQ:TSCO)

Captrust Financial Advisors lessened its stake in shares of Tractor Supply (NASDAQ:TSCO) by 2.8% during the 3rd quarter, Holdings Channel reports. The fund owned 16,261 shares of the specialty retailer’s stock after selling 463 shares during the period. Captrust Financial Advisors’ holdings in Tractor Supply were worth $4,731,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Marshall Wace LLP lifted its stake in shares of Tractor Supply by 2,921.4% during the 2nd quarter. Marshall Wace LLP now owns 357,225 shares of the specialty retailer’s stock worth $96,451,000 after purchasing an additional 345,402 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Tractor Supply by 29,058.6% during the third quarter. International Assets Investment Management LLC now owns 233,269 shares of the specialty retailer’s stock valued at $67,865,000 after buying an additional 232,469 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Tractor Supply by 67.4% in the 2nd quarter. Clearbridge Investments LLC now owns 403,710 shares of the specialty retailer’s stock valued at $109,002,000 after buying an additional 162,533 shares in the last quarter. Employees Retirement System of Texas purchased a new position in shares of Tractor Supply in the 2nd quarter worth approximately $38,070,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Tractor Supply by 10.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,123,280 shares of the specialty retailer’s stock worth $303,278,000 after buying an additional 110,342 shares during the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TSCO has been the subject of several recent analyst reports. Benchmark raised their target price on shares of Tractor Supply from $280.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Telsey Advisory Group reissued an “outperform” rating and issued a $335.00 price objective on shares of Tractor Supply in a research report on Thursday, October 24th. Piper Sandler upped their target price on Tractor Supply from $300.00 to $332.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Citigroup cut Tractor Supply from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, UBS Group boosted their price target on Tractor Supply from $272.00 to $280.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $282.59.

Insider Activity

In other news, CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction on 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 $2,862,682.12. This represents a 70.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.58% of the company’s stock.

Tractor Supply Stock Down 1.8 %

TSCO opened at $284.98 on Wednesday. The company has a market cap of $30.45 billion, a PE ratio of 27.72, a price-to-earnings-growth ratio of 3.64 and a beta of 0.83. Tractor Supply has a twelve month low of $205.48 and a twelve month high of $307.64. The company has a 50-day moving average price of $285.04 and a 200 day moving average price of $276.02. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be issued 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 1.54%. Tractor Supply’s payout ratio is currently 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.