Lifestyle Asset Management Inc. Increases Holdings in Tractor Supply (NASDAQ:TSCO)

by · The Cerbat Gem

Lifestyle Asset Management Inc. lifted its holdings in Tractor Supply (NASDAQ:TSCO – Free Report) by 3.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,138 shares of the specialty retailer’s stock after acquiring an additional 149 shares during the quarter. Tractor Supply accounts for about 0.7% of Lifestyle Asset Management Inc.’s holdings, making the stock its 29th biggest holding. Lifestyle Asset Management Inc.’s holdings in Tractor Supply were worth $1,204,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TSCO. LRI Investments LLC purchased a new position in shares of Tractor Supply in the first quarter worth $28,000. J.Safra Asset Management Corp lifted its holdings in Tractor Supply by 700.0% in the first quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock worth $29,000 after buying an additional 98 shares during the period. Future Financial Wealth Managment LLC bought a new stake in shares of Tractor Supply during the third quarter valued at approximately $29,000. Whittier Trust Co. boosted its stake in Tractor Supply by 60.9% during the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 42 shares in the last quarter. Finally, OFI Invest Asset Management bought a new position in Tractor Supply during the 2nd quarter valued at approximately $33,000. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Trading Up 0.1 %

Shares of TSCO stock opened at $289.29 on Friday. Tractor Supply has a 1-year low of $193.60 and a 1-year high of $307.64. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17. The business’s fifty day moving average price is $283.07 and its 200 day moving average price is $274.63. The firm has a market capitalization of $31.21 billion, a PE ratio of 28.14, a P/E/G ratio of 3.62 and a beta of 0.82.

Tractor Supply Announces Dividend

The firm 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 dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $4.40 annualized dividend and a yield of 1.52%. Tractor Supply’s dividend payout ratio (DPR) is currently 42.80%.

Insider Activity

In other news, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the transaction, the senior vice president now directly owns 5,170 shares in the company, valued at $1,356,349.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the sale, the senior vice president now owns 5,170 shares of the company’s stock, valued at approximately $1,356,349.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 9,683 shares in the company, valued at approximately $2,862,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TSCO shares. Loop Capital upped their price objective on Tractor Supply from $250.00 to $260.00 and gave the company a “hold” rating in a research report on Friday, September 6th. Telsey Advisory Group reiterated an “outperform” rating and issued a $335.00 price target on shares of Tractor Supply in a research note on Thursday, October 24th. Wedbush reiterated a “neutral” rating and issued a $270.00 price target on shares of Tractor Supply in a research report on Friday, October 25th. Wells Fargo & Company raised their target price on shares of Tractor Supply from $295.00 to $325.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Finally, Robert W. Baird set a $320.00 price target on shares of Tractor Supply in a research note on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $282.82.

Get Our Latest Report on Tractor Supply

Tractor Supply Company Profile

(Free Report)

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.

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