Benjamin Edwards Inc. Increases Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Benjamin Edwards Inc. increased its stake in shares of Tractor Supply (NASDAQ:TSCO) by 1,501.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 171,050 shares of the specialty retailer’s stock after purchasing an additional 160,367 shares during the quarter. Tractor Supply accounts for approximately 0.7% of Benjamin Edwards Inc.’s holdings, making the stock its 24th biggest position. Benjamin Edwards Inc. owned approximately 0.16% of Tractor Supply worth $49,773,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Cetera Investment Advisers boosted its position in Tractor Supply by 199.0% during the first quarter. Cetera Investment Advisers now owns 35,771 shares of the specialty retailer’s stock worth $9,362,000 after purchasing an additional 23,806 shares in the last quarter. Cetera Advisors LLC raised its holdings in shares of Tractor Supply by 37.3% in the first quarter. Cetera Advisors LLC now owns 10,729 shares of the specialty retailer’s stock worth $2,808,000 after acquiring an additional 2,916 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Tractor Supply by 12.9% during the first quarter. EverSource Wealth Advisors LLC now owns 917 shares of the specialty retailer’s stock valued at $250,000 after acquiring an additional 105 shares during the last quarter. GAMMA Investing LLC increased its position in Tractor Supply by 81.0% during the 2nd quarter. GAMMA Investing LLC now owns 2,096 shares of the specialty retailer’s stock worth $566,000 after purchasing an additional 938 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its stake in Tractor Supply by 6.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 780 shares of the specialty retailer’s stock valued at $211,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Trading Up 0.6 %

NASDAQ TSCO opened at $283.67 on Monday. The company has a market capitalization of $30.31 billion, a price-to-earnings ratio of 27.59, a price-to-earnings-growth ratio of 3.56 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 has a 12 month low of $197.91 and a 12 month high of $307.64. The company’s fifty day moving average price is $284.77 and its two-hundred day moving average price is $275.92.

Tractor Supply Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Monday, November 25th. Tractor Supply’s dividend payout ratio is currently 42.80%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TSCO shares. Robert W. Baird set a $320.00 price target on shares of Tractor Supply in a report on Thursday, October 17th. Raymond James increased their price target on Tractor Supply from $285.00 to $290.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Benchmark upped their target price on Tractor Supply from $280.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Citigroup lowered Tractor Supply from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, Wedbush reaffirmed a “neutral” rating and set a $270.00 price objective on shares of Tractor Supply in a research note on Friday, October 25th. Two research 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 stock. According to data from MarketBeat, Tractor Supply presently has an average rating of “Moderate Buy” and a consensus price target of $282.59.

Insider Buying and Selling at Tractor Supply

In related news, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction dated 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 in the company, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. 0.24% of the stock is currently owned by insiders.

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.