795 Shares in Tractor Supply (NASDAQ:TSCO) Acquired by Lifeworks Advisors LLC

Lifeworks Advisors LLC purchased a new stake in shares of Tractor Supply (NASDAQ:TSCOFree Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 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. Russell Investments Group Ltd. boosted its holdings in Tractor Supply by 8.8% in the 1st quarter. Russell Investments Group Ltd. now owns 47,517 shares of the specialty retailer’s stock worth $12,428,000 after acquiring an additional 3,850 shares during the period. M&G Plc acquired a new stake in Tractor Supply during the 1st quarter valued at $21,327,000. Westfield Capital Management Co. LP increased its stake in Tractor Supply by 24.3% during the 1st quarter. Westfield Capital Management Co. LP now owns 27,364 shares of the specialty retailer’s stock worth $7,162,000 after buying an additional 5,349 shares during the period. TIAA Trust National Association increased its stake in Tractor Supply by 13.3% during the 1st quarter. TIAA Trust National Association now owns 2,977 shares of the specialty retailer’s stock worth $779,000 after buying an additional 349 shares during the period. Finally, Patten & Patten Inc. TN boosted its position in Tractor Supply by 2.1% in the 1st quarter. Patten & Patten Inc. TN now owns 78,695 shares of the specialty retailer’s stock valued at $20,596,000 after buying an additional 1,634 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Tractor Supply

In other news, CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were 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 directly owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. This represents a 70.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.24% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TSCO has been the topic of a number of analyst reports. Truist Financial dropped their target price on Tractor Supply from $325.00 to $317.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Robert W. Baird set a $320.00 price objective on Tractor Supply in a report on Thursday, October 17th. Piper Sandler increased their target price on Tractor Supply from $300.00 to $332.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Wedbush reissued a “neutral” rating and set a $270.00 price target on shares of Tractor Supply in a research report on Friday, October 25th. Finally, Barclays upped their price target on shares of Tractor Supply from $240.00 to $250.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $282.82.

Get Our Latest Report on Tractor Supply

Tractor Supply Price Performance

NASDAQ TSCO opened at $275.66 on Friday. The company has a 50-day moving average price of $284.33 and a two-hundred day moving average price of $275.30. Tractor Supply has a 52 week low of $193.73 and a 52 week high of $307.64. The stock has a market cap of $29.45 billion, a price-to-earnings ratio of 26.82, a price-to-earnings-growth ratio of 3.50 and a beta of 0.82. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Monday, November 25th. Tractor Supply’s dividend payout ratio (DPR) is 42.80%.

About Tractor Supply

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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