Victory Capital Management Inc. Sells 518 Shares of Tractor Supply (NASDAQ:TSCO)

Victory Capital Management Inc. lessened its stake in Tractor Supply (NASDAQ:TSCO) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 60,857 shares of the specialty retailer’s stock after selling 518 shares during the quarter. Victory Capital Management Inc. owned approximately 0.06% of Tractor Supply worth $17,705,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Assenagon Asset Management S.A. raised its holdings in Tractor Supply by 527.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 26,501 shares of the specialty retailer’s stock valued at $7,155,000 after acquiring an additional 22,279 shares during the period. Ballentine Partners LLC raised its holdings in Tractor Supply by 2.1% during the 2nd quarter. Ballentine Partners LLC now owns 4,504 shares of the specialty retailer’s stock valued at $1,216,000 after acquiring an additional 93 shares during the period. Silvant Capital Management LLC raised its holdings 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 acquiring an additional 2,556 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Tractor Supply by 12.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock valued at $871,691,000 after acquiring an additional 368,859 shares during the period. Finally, Advisors Asset Management Inc. raised its holdings in Tractor Supply by 21.8% during the 1st quarter. Advisors Asset Management Inc. now owns 37,684 shares of the specialty retailer’s stock valued at $9,863,000 after acquiring an additional 6,745 shares during the period. Institutional investors own 98.72% of the company’s stock.

Insider Activity at Tractor Supply

In related news, 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 sale, the chief financial officer now owns 9,683 shares of the company’s stock, valued at $2,862,682.12. This represents a 70.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.58% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TSCO has been the topic of several research analyst reports. Piper Sandler upped their price target on shares of Tractor Supply from $300.00 to $332.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Benchmark upped their price target on shares of Tractor Supply from $280.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Barclays upped their price target on shares of Tractor Supply from $240.00 to $250.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Mizuho upped their price target on shares of Tractor Supply from $250.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Finally, Citigroup lowered shares of Tractor Supply from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Tractor Supply currently has a consensus rating of “Moderate Buy” and a consensus price target of $282.82.

Tractor Supply Price Performance

Tractor Supply stock opened at $272.85 on Wednesday. The company has a market cap of $29.15 billion, a price-to-earnings ratio of 26.54, a PEG ratio of 3.46 and a beta of 0.82. The firm’s fifty day moving average is $284.45 and its 200 day moving average is $275.44. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81. Tractor Supply has a 52-week low of $193.73 and a 52-week high of $307.64.

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Monday, November 25th. Tractor Supply’s payout ratio is 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.