Tractor Supply (NASDAQ:TSCO) Shares Purchased by MinichMacGregor Wealth Management LLC

MinichMacGregor Wealth Management LLC grew its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 4.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,941 shares of the specialty retailer’s stock after acquiring an additional 1,369 shares during the period. Tractor Supply comprises about 1.9% of MinichMacGregor Wealth Management LLC’s investment portfolio, making the stock its 18th biggest holding. MinichMacGregor Wealth Management LLC’s holdings in Tractor Supply were worth $9,002,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TSCO. Henrickson Nauta Wealth Advisors Inc. boosted its stake in Tractor Supply by 3.2% during the 3rd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 1,127 shares of the specialty retailer’s stock valued at $328,000 after acquiring an additional 35 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of Tractor Supply by 0.5% during the third 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 during the last quarter. Signature Wealth Management Group grew its stake in Tractor Supply by 0.5% in the second quarter. Signature Wealth Management Group now owns 6,999 shares of the specialty retailer’s stock worth $1,890,000 after purchasing an additional 38 shares in the last quarter. X Square Capital LLC increased its holdings in Tractor Supply by 1.6% in 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 during the last quarter. Finally, TCI Wealth Advisors Inc. lifted its holdings in Tractor Supply by 5.1% during the 3rd 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 last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Mizuho boosted their price target on Tractor Supply from $250.00 to $270.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Wells Fargo & Company increased their target price on shares of Tractor Supply from $295.00 to $325.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Wedbush reaffirmed a “neutral” rating and issued a $270.00 price target on shares of Tractor Supply in a report on Friday, October 25th. Melius Research started coverage on shares of Tractor Supply in a research note on Monday, September 23rd. They set a “buy” rating and a $315.00 price objective on the stock. Finally, Loop Capital lifted their target price on Tractor Supply from $250.00 to $260.00 and gave the company a “hold” rating in a research note on Friday, September 6th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Tractor Supply has a consensus rating of “Hold” and a consensus target price of $282.82.

Tractor Supply Trading Up 1.2 %

Tractor Supply stock traded up $3.12 during midday trading on Tuesday, reaching $273.48. The stock had a trading volume of 71,234 shares, compared to its average volume of 1,047,952. The firm’s fifty day simple moving average is $282.42 and its two-hundred day simple moving average is $274.10. 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 has a twelve month low of $193.60 and a twelve month high of $307.64. The firm has a market cap of $29.50 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 3.34 and a beta of 0.82.

Tractor Supply Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.61%. The ex-dividend date was Monday, August 26th. Tractor Supply’s payout ratio is 42.80%.

Insider Buying and Selling

In other news, SVP Matthew L. Rubin sold 540 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $262.35, for a total value of $141,669.00. Following the transaction, the senior vice president now owns 5,170 shares in the company, valued at $1,356,349.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was 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 represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Matthew L. Rubin sold 540 shares of Tractor Supply stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the sale, the senior vice president now owns 5,170 shares of the company’s stock, valued at approximately $1,356,349.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.58% 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.