Lifeworks Advisors LLC purchased a new stake in shares of Tractor Supply (NASDAQ:TSCO – Free 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
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
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
- Five stocks we like better than Tractor Supply
- Why Invest in High-Yield Dividend Stocks?
- How Whitestone REIT Is Transforming Sun Belt Retail Growth
- What Do S&P 500 Stocks Tell Investors About the Market?
- Top-Performing Non-Leveraged ETFs This Year
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Rivian’s Wild Ride: Is the Dip a Buying Opportunity?
Receive News & Ratings for Tractor Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply and related companies with MarketBeat.com's FREE daily email newsletter.