Harbour Investments Inc. Raises Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Harbour Investments Inc. raised its stake in Tractor Supply (NASDAQ:TSCO) by 4.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 958 shares of the specialty retailer’s stock after buying an additional 42 shares during the quarter. Harbour Investments Inc.’s holdings in Tractor Supply were worth $279,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TSCO. Apollon Wealth Management LLC raised its stake in shares of Tractor Supply by 3.1% during the 3rd quarter. Apollon Wealth Management LLC now owns 5,747 shares of the specialty retailer’s stock worth $1,672,000 after acquiring an additional 171 shares in the last quarter. WCM Investment Management LLC grew its holdings in Tractor Supply by 32.1% in the third quarter. WCM Investment Management LLC now owns 6,408 shares of the specialty retailer’s stock worth $1,834,000 after purchasing an additional 1,558 shares during the last quarter. Nations Financial Group Inc. IA ADV acquired a new position in shares of Tractor Supply during the third quarter worth $244,000. GDS Wealth Management purchased a new stake in shares of Tractor Supply during the 3rd quarter valued at $534,000. Finally, Kennebec Savings Bank acquired a new stake in shares of Tractor Supply in the 3rd quarter worth $243,000. 98.72% of the stock is currently owned by institutional investors.

Tractor Supply Stock Performance

TSCO opened at $275.66 on Monday. The firm has a fifty day moving average price of $284.33 and a 200 day moving average price of $275.35. Tractor Supply has a 1 year low of $193.73 and a 1 year high of $307.64. The stock has a market cap of $29.45 billion, a P/E ratio of 26.82, a P/E/G ratio of 3.46 and a beta of 0.82. 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 Announces Dividend

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

Insider Transactions 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 transaction, the chief financial officer now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $335.00 target price on shares of Tractor Supply in a research report on Thursday, October 24th. Piper Sandler increased their price objective on shares of Tractor Supply from $300.00 to $332.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Mizuho boosted their target price on shares of Tractor Supply from $250.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. raised their price target on shares of Tractor Supply from $260.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Finally, Loop Capital boosted their price objective on shares of Tractor Supply from $250.00 to $260.00 and gave the company a “hold” rating in a report 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $282.82.

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.