Atticus Wealth Management LLC boosted its holdings in Tractor Supply Company (NASDAQ:TSCO – Free Report) by 16.6% in the second quarter, HoldingsChannel.com reports. The firm owned 5,669 shares of the specialty retailer’s stock after buying an additional 806 shares during the quarter. Atticus Wealth Management LLC’s holdings in Tractor Supply were worth $299,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TSCO. GW&K Investment Management LLC boosted its holdings in Tractor Supply by 89.3% in the first quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 226 shares in the last quarter. Pacific Center for Financial Services boosted its holdings in Tractor Supply by 400.0% in the fourth quarter. Pacific Center for Financial Services now owns 550 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 440 shares in the last quarter. Financial Gravity Asset Management Inc. acquired a new position in Tractor Supply in the first quarter valued at approximately $39,000. Smallwood Wealth Investment Management LLC acquired a new position in Tractor Supply in the first quarter valued at approximately $41,000. Finally, Zions Bancorporation National Association UT purchased a new stake in Tractor Supply in the first quarter valued at approximately $41,000. 98.72% of the stock is owned by institutional investors and hedge funds.
Tractor Supply Trading Up 0.2%
Shares of TSCO stock opened at $59.10 on Thursday. The business’s fifty day moving average price is $59.54 and its 200 day moving average price is $54.60. Tractor Supply Company has a 1-year low of $46.85 and a 1-year high of $63.99. The firm has a market capitalization of $31.32 billion, a PE ratio of 29.00, a P/E/G ratio of 3.03 and a beta of 0.76. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.28 and a quick ratio of 0.16.
Tractor Supply Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th were issued a $0.23 dividend. The ex-dividend date of this dividend was Monday, August 25th. This represents a $0.92 annualized dividend and a yield of 1.6%. Tractor Supply’s dividend payout ratio is 45.10%.
Analyst Ratings Changes
TSCO has been the subject of a number of research reports. Truist Financial boosted their price objective on Tractor Supply from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Bank of America upgraded Tractor Supply from an “underperform” rating to a “buy” rating and set a $70.00 price objective for the company in a research note on Thursday, July 24th. Loop Capital boosted their price objective on Tractor Supply from $48.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, July 25th. DA Davidson boosted their price objective on Tractor Supply from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Finally, Robert W. Baird boosted their price objective on Tractor Supply from $56.00 to $61.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Thirteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Tractor Supply currently has an average rating of “Moderate Buy” and an average price target of $61.80.
Get Our Latest Report on Tractor Supply
Insider Buying and Selling
In other Tractor Supply news, EVP Colin Yankee sold 6,680 shares of the company’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $58.40, for a total value of $390,112.00. Following the sale, the executive vice president owned 40,142 shares of the company’s stock, valued at approximately $2,344,292.80. This represents a 14.27% 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. Also, CFO Kurt D. Barton sold 90,000 shares of the company’s stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $63.96, for a total value of $5,756,400.00. Following the completion of the sale, the chief financial officer directly owned 47,715 shares in the company, valued at $3,051,851.40. This trade represents a 65.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 204,680 shares of company stock valued at $12,071,552 in the last three months. 0.65% of the stock is owned by insiders.
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.
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