Healthcare of Ontario Pension Plan Trust Fund Acquires New Position in Tractor Supply (NASDAQ:TSCO)

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Tractor Supply (NASDAQ:TSCOGet Rating) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 11,343 shares of the specialty retailer’s stock, valued at approximately $2,199,000.

Other hedge funds also recently made changes to their positions in the company. BDO Wealth Advisors LLC boosted its stake in Tractor Supply by 78.1% in the 1st quarter. BDO Wealth Advisors LLC now owns 114 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 50 shares during the period. Fortitude Advisory Group L.L.C. boosted its stake in Tractor Supply by 350.0% in the 1st quarter. Fortitude Advisory Group L.L.C. now owns 126 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 98 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new position in Tractor Supply in the 2nd quarter worth approximately $29,000. Wagner Wealth Management LLC purchased a new stake in shares of Tractor Supply during the 2nd quarter worth approximately $30,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Tractor Supply by 84.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 195 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 89 shares in the last quarter. 82.86% of the stock is currently owned by institutional investors.

Insider Transactions at Tractor Supply

In other news, EVP Melissa Kersey sold 4,921 shares of the stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $221.19, for a total transaction of $1,088,475.99. Following the transaction, the executive vice president now owns 4,573 shares of the company’s stock, valued at approximately $1,011,501.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Melissa Kersey sold 4,921 shares of the stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $221.19, for a total transaction of $1,088,475.99. Following the transaction, the executive vice president now owns 4,573 shares of the company’s stock, valued at approximately $1,011,501.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Robert D. Mills sold 10,512 shares of the stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $220.00, for a total value of $2,312,640.00. Following the transaction, the executive vice president now directly owns 16,137 shares in the company, valued at approximately $3,550,140. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,999 shares of company stock valued at $5,418,261. 0.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on TSCO shares. Raymond James decreased their price objective on Tractor Supply from $245.00 to $235.00 and set a “strong-buy” rating on the stock in a report on Friday, October 21st. MKM Partners started coverage on Tractor Supply in a report on Thursday, July 28th. They set a “buy” rating and a $230.00 price objective on the stock. JPMorgan Chase & Co. decreased their price objective on Tractor Supply from $224.00 to $219.00 and set a “neutral” rating on the stock in a report on Friday, October 21st. Wedbush decreased their price objective on Tractor Supply from $215.00 to $200.00 and set a “neutral” rating on the stock in a report on Friday, October 21st. Finally, Robert W. Baird decreased their price objective on Tractor Supply from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Thursday, October 20th. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $233.94.

Tractor Supply Stock Performance

TSCO stock opened at $225.76 on Thursday. The company has a quick ratio of 0.21, a current ratio of 1.48 and a debt-to-equity ratio of 0.57. The business’s fifty day simple moving average is $203.63 and its two-hundred day simple moving average is $197.80. Tractor Supply has a twelve month low of $166.49 and a twelve month high of $241.54. The firm has a market cap of $24.94 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 2.27 and a beta of 0.91.

Tractor Supply (NASDAQ:TSCOGet Rating) last released its earnings results on Thursday, October 20th. The specialty retailer reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.03. Tractor Supply had a return on equity of 54.35% and a net margin of 7.69%. The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same quarter last year, the firm posted $1.95 earnings per share. The business’s revenue was up 8.4% compared to the same quarter last year. Analysts predict that Tractor Supply will post 9.62 earnings per share for the current year.

Tractor Supply Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 6th. Stockholders of record on Monday, November 21st will be given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Friday, November 18th. Tractor Supply’s payout ratio is 39.96%.

Tractor Supply Profile

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Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.

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Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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