Resona Asset Management Co. Ltd. Sells 10,839 Shares of Tractor Supply Company $TSCO

Resona Asset Management Co. Ltd. cut its holdings in Tractor Supply Company (NASDAQ:TSCO) by 5.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 181,737 shares of the specialty retailer’s stock after selling 10,839 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Tractor Supply were worth $10,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Bison Wealth LLC lifted its holdings in Tractor Supply by 356.1% in the 4th quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock worth $341,000 after buying an additional 5,017 shares during the period. Woodline Partners LP raised its holdings in shares of Tractor Supply by 40.7% during the first quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer’s stock valued at $2,487,000 after acquiring an additional 13,051 shares in the last quarter. Intech Investment Management LLC raised its holdings in shares of Tractor Supply by 26.9% during the first quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer’s stock valued at $1,442,000 after acquiring an additional 5,542 shares in the last quarter. Patton Fund Management Inc. purchased a new stake in Tractor Supply in the second quarter worth $233,000. Finally, V Square Quantitative Management LLC boosted its holdings in Tractor Supply by 9.0% in the second quarter. V Square Quantitative Management LLC now owns 18,715 shares of the specialty retailer’s stock valued at $988,000 after acquiring an additional 1,544 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Price Performance

TSCO stock opened at $55.56 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.14 and a current ratio of 1.30. The firm has a 50 day moving average price of $52.28 and a 200-day moving average price of $55.78. Tractor Supply Company has a 52-week low of $46.85 and a 52-week high of $63.99. The firm has a market capitalization of $29.36 billion, a price-to-earnings ratio of 26.71, a PEG ratio of 2.56 and a beta of 0.74.

Tractor Supply Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were paid a dividend of $0.23 per share. The ex-dividend date was Monday, November 24th. This represents a $0.92 dividend on an annualized basis and a yield of 1.7%. Tractor Supply’s payout ratio is presently 44.23%.

Analyst Upgrades and Downgrades

Several brokerages have commented on TSCO. Morgan Stanley upgraded shares of Tractor Supply from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $50.00 to $60.00 in a report on Friday, October 24th. Truist Financial set a $55.00 price target on shares of Tractor Supply and gave the stock a “hold” rating in a research note on Friday, January 16th. Gordon Haskett lowered shares of Tractor Supply from an “accumulate” rating to a “hold” rating and lowered their price objective for the stock from $57.00 to $50.00 in a report on Thursday, January 8th. UBS Group set a $57.00 target price on Tractor Supply and gave the stock a “neutral” rating in a report on Friday, January 16th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $70.00 target price on shares of Tractor Supply in a research report on Friday. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Tractor Supply currently has a consensus rating of “Moderate Buy” and an average price target of $62.81.

Tractor Supply Profile

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.