Financial Counselors Inc. Invests $277,000 in Tractor Supply (NASDAQ:TSCO)

Financial Counselors Inc. acquired a new stake in Tractor Supply (NASDAQ:TSCO) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 951 shares of the specialty retailer’s stock, valued at approximately $277,000.

A number of other institutional investors also recently bought and sold shares of TSCO. Assenagon Asset Management S.A. lifted its stake in shares of Tractor Supply by 527.7% during the second quarter. Assenagon Asset Management S.A. now owns 26,501 shares of the specialty retailer’s stock worth $7,155,000 after buying an additional 22,279 shares during the period. Ballentine Partners LLC lifted its position in Tractor Supply by 2.1% during the 2nd quarter. Ballentine Partners LLC now owns 4,504 shares of the specialty retailer’s stock worth $1,216,000 after acquiring an additional 93 shares during the period. Silvant Capital Management LLC grew its stake in Tractor Supply by 20.9% during the 3rd quarter. Silvant Capital Management LLC now owns 14,781 shares of the specialty retailer’s stock valued at $4,300,000 after purchasing an additional 2,556 shares during the last quarter. Blueshift Asset Management LLC increased its holdings in shares of Tractor Supply by 32.7% in the third quarter. Blueshift Asset Management LLC now owns 9,945 shares of the specialty retailer’s stock valued at $2,893,000 after purchasing an additional 2,452 shares during the period. Finally, Cetera Investment Advisers increased its holdings in shares of Tractor Supply by 199.0% in the first quarter. Cetera Investment Advisers now owns 35,771 shares of the specialty retailer’s stock valued at $9,362,000 after purchasing an additional 23,806 shares during the period. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Tractor Supply Stock Performance

NASDAQ TSCO opened at $283.67 on Monday. 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 1-year low of $197.91 and a 1-year high of $307.64. The company has a market cap of $30.31 billion, a PE ratio of 27.59, a price-to-earnings-growth ratio of 3.56 and a beta of 0.82. The stock’s 50 day simple moving average is $284.77 and its 200-day simple moving average is $275.92.

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be paid a dividend of $1.10 per share. The ex-dividend date is Monday, November 25th. This represents a $4.40 annualized dividend and a yield of 1.55%. Tractor Supply’s dividend payout ratio (DPR) is presently 42.80%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on TSCO shares. Wedbush reiterated a “neutral” rating and issued a $270.00 target price on shares of Tractor Supply in a research report on Friday, October 25th. Mizuho upped their price objective on shares of 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 decreased their target price on shares of Tractor Supply from $325.00 to $320.00 and set an “overweight” rating for the company in a research report on Monday, November 25th. UBS Group increased their price target on Tractor Supply from $272.00 to $280.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Finally, Barclays boosted their price objective on Tractor Supply from $240.00 to $250.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $282.59.

Insider Transactions at Tractor Supply

In other news, CFO Kurt D. Barton sold 23,532 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the transaction, the chief financial officer now directly owns 9,683 shares in the company, valued at $2,862,682.12. The trade was a 70.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.24% 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.