Lifeworks Advisors LLC Buys New Position in Tractor Supply (NASDAQ:TSCO)

Lifeworks Advisors LLC bought a new position in shares of Tractor Supply (NASDAQ:TSCO) during the third quarter, HoldingsChannel reports. The institutional investor bought 795 shares of the specialty retailer’s stock, valued at approximately $231,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Henrickson Nauta Wealth Advisors Inc. grew its holdings in shares of Tractor Supply by 3.2% in the 3rd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 1,127 shares of the specialty retailer’s stock worth $328,000 after acquiring an additional 35 shares during the last quarter. Private Advisor Group LLC increased its stake in Tractor Supply by 0.5% in the 3rd quarter. Private Advisor Group LLC now owns 7,693 shares of the specialty retailer’s stock worth $2,238,000 after purchasing an additional 37 shares in the last quarter. Signature Wealth Management Group raised its holdings in Tractor Supply by 0.5% during the 2nd quarter. Signature Wealth Management Group now owns 6,999 shares of the specialty retailer’s stock worth $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 second quarter. X Square Capital LLC now owns 2,579 shares of the specialty retailer’s stock valued at $696,000 after buying an additional 41 shares in the last quarter. 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 worth $246,000 after buying an additional 41 shares during the period. 98.72% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the business’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 transaction, the chief financial officer now owns 9,683 shares of the company’s stock, valued at $2,862,682.12. The trade was a 70.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.24% of the company’s stock.

Tractor Supply Price Performance

NASDAQ TSCO opened at $275.66 on Friday. The firm has a market cap of $29.45 billion, a P/E ratio of 26.82, a price-to-earnings-growth ratio of 3.50 and a beta of 0.82. The stock’s 50-day moving average is $284.33 and its two-hundred day moving average is $275.30. Tractor Supply has a fifty-two week low of $193.73 and a fifty-two week high of $307.64. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17.

Tractor Supply Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently commented on TSCO shares. DA Davidson upped their price target on shares of Tractor Supply from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Wedbush restated a “neutral” rating and issued a $270.00 target price on shares of Tractor Supply in a report on Friday, October 25th. Robert W. Baird set a $320.00 price target on Tractor Supply in a report on Thursday, October 17th. Citigroup downgraded Tractor Supply from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, Melius Research began coverage on Tractor Supply in a research note on Monday, September 23rd. They set a “buy” rating and a $315.00 target price on the stock. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $282.82.

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.