Tractor Supply (NASDAQ:TSCO) Shares Purchased by Alpha DNA Investment Management LLC

Alpha DNA Investment Management LLC boosted its stake in shares of Tractor Supply (NASDAQ:TSCO) by 13.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,115 shares of the specialty retailer’s stock after acquiring an additional 244 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in Tractor Supply were worth $615,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. LRI Investments LLC acquired a new position in shares of Tractor Supply in the 1st quarter valued at $28,000. Future Financial Wealth Managment LLC acquired a new position in shares of Tractor Supply in the third quarter worth about $29,000. First Personal Financial Services purchased a new stake in shares of Tractor Supply during the 3rd quarter worth about $29,000. Whittier Trust Co. grew its position in shares of Tractor Supply by 60.9% during the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 42 shares during the period. Finally, OFI Invest Asset Management acquired a new stake in shares of Tractor Supply during the 2nd quarter valued at about $33,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Kurt D. Barton sold 23,532 shares of the company’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 value of $6,957,000.48. Following the transaction, the chief financial officer now directly owns 9,683 shares in the company, valued at approximately $2,862,682.12. This represents a 70.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.24% of the company’s stock.

Tractor Supply Trading Up 3.0 %

Shares of TSCO stock opened at $281.71 on Friday. 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 has a twelve month low of $197.00 and a twelve month high of $307.64. The company’s 50-day moving average price is $284.18 and its 200-day moving average price is $275.51. The stock has a market cap of $30.10 billion, a price-to-earnings ratio of 27.40, a PEG ratio of 3.43 and a beta of 0.82.

Tractor Supply Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be issued a $1.10 dividend. The ex-dividend date is Monday, November 25th. This represents a $4.40 annualized dividend and a yield of 1.56%. Tractor Supply’s payout ratio is 42.80%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TSCO shares. Benchmark upped their price target on Tractor Supply from $280.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Mizuho increased their target price on Tractor Supply from $250.00 to $270.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. UBS Group lifted their price target on shares of Tractor Supply from $272.00 to $280.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. DA Davidson upped their price objective on shares of Tractor Supply from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Evercore ISI upgraded shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 15th. Two equities 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 given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.