Kornitzer Capital Management Inc. KS Acquires 89 Shares of Tractor Supply (NASDAQ:TSCO)

Kornitzer Capital Management Inc. KS boosted its holdings in Tractor Supply (NASDAQ:TSCO) by 0.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 31,492 shares of the specialty retailer’s stock after purchasing an additional 89 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Tractor Supply were worth $9,162,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. LRI Investments LLC acquired a new stake in Tractor Supply in the 1st quarter worth $28,000. J.Safra Asset Management Corp increased its stake in Tractor Supply by 700.0% during the first quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 98 shares during the period. Future Financial Wealth Managment LLC acquired a new position in Tractor Supply in the 3rd quarter valued at approximately $29,000. Whittier Trust Co. lifted its position in shares of Tractor Supply by 60.9% in the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 42 shares during the period. Finally, OFI Invest Asset Management acquired a new stake in shares of Tractor Supply during the 2nd quarter worth approximately $33,000. 98.72% of the stock is owned by institutional investors.

Insider Buying and Selling at Tractor Supply

In related 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 completion of the sale, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, SVP Matthew L. Rubin sold 540 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the completion of the transaction, the senior vice president now owns 5,170 shares of the company’s stock, valued at $1,356,349.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 approximately $2,862,682.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

TSCO has been the subject of a number of recent research reports. Telsey Advisory Group restated an “outperform” rating and issued a $335.00 target price on shares of Tractor Supply in a research note on Thursday, October 24th. Citigroup downgraded Tractor Supply from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Robert W. Baird set a $320.00 target price on Tractor Supply in a report on Thursday, October 17th. Piper Sandler boosted their price target on Tractor Supply from $300.00 to $332.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Finally, Loop Capital increased their price objective on Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Two investment 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $282.82.

Tractor Supply Stock Performance

Shares of NASDAQ:TSCO opened at $289.29 on Friday. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81. Tractor Supply has a 1-year low of $193.60 and a 1-year high of $307.64. The stock has a market capitalization of $31.21 billion, a P/E ratio of 28.14, a P/E/G ratio of 3.62 and a beta of 0.82. The business has a 50-day moving average price of $283.07 and a two-hundred day moving average price of $274.63.

Tractor Supply Dividend Announcement

The firm 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. This represents a $4.40 dividend on an annualized basis and a yield of 1.52%. Tractor Supply’s payout ratio is presently 42.80%.

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.