Daiwa Securities Group Inc. Purchases 1,316 Shares of Tractor Supply (NASDAQ:TSCO)

Daiwa Securities Group Inc. raised its position in shares of Tractor Supply (NASDAQ:TSCO) by 8.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,726 shares of the specialty retailer’s stock after purchasing an additional 1,316 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Tractor Supply were worth $5,157,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of TSCO. Henrickson Nauta Wealth Advisors Inc. increased its position in shares of Tractor Supply by 3.2% during the third quarter. Henrickson Nauta Wealth Advisors Inc. now owns 1,127 shares of the specialty retailer’s stock valued at $328,000 after acquiring an additional 35 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Tractor Supply by 0.5% during the third quarter. Private Advisor Group LLC now owns 7,693 shares of the specialty retailer’s stock valued at $2,238,000 after purchasing an additional 37 shares in the last quarter. Signature Wealth Management Group lifted its holdings in shares of Tractor Supply by 0.5% during the second quarter. Signature Wealth Management Group now owns 6,999 shares of the specialty retailer’s stock valued at $1,890,000 after purchasing an additional 38 shares in the last quarter. X Square Capital LLC boosted its position in shares of Tractor Supply by 1.6% during the second quarter. X Square Capital LLC now owns 2,579 shares of the specialty retailer’s stock valued at $696,000 after buying an additional 41 shares during the last quarter. Finally, TCI Wealth Advisors Inc. increased its holdings in Tractor Supply by 5.1% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 846 shares of the specialty retailer’s stock worth $246,000 after buying an additional 41 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 completion of the transaction, the chief financial officer now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.58% of the company’s stock.

Tractor Supply Trading Down 2.0 %

Shares of TSCO stock opened at $280.19 on Wednesday. The stock has a fifty day simple moving average of $284.23 and a two-hundred day simple moving average of $275.68. Tractor Supply has a 52-week low of $197.00 and a 52-week high of $307.64. The firm has a market capitalization of $29.94 billion, a PE ratio of 27.26, a PEG ratio of 3.53 and a beta of 0.82. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48.

Tractor Supply Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be paid a $1.10 dividend. The ex-dividend date is Monday, November 25th. This represents a $4.40 annualized dividend and a yield of 1.57%. Tractor Supply’s payout ratio is 42.80%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Evercore ISI raised shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a report on Friday, November 15th. Mizuho raised their target price 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. Telsey Advisory Group reiterated an “outperform” rating and set a $335.00 target price on shares of Tractor Supply in a research note on Thursday, October 24th. Piper Sandler raised their price target on Tractor Supply from $300.00 to $332.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Finally, Benchmark upped their price objective on Tractor Supply from $280.00 to $310.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $282.59.

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.