Burney Co. Has $4.36 Million Holdings in Tractor Supply (NASDAQ:TSCO)

Burney Co. decreased its holdings in Tractor Supply (NASDAQ:TSCO) by 0.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,708 shares of the specialty retailer’s stock after selling 75 shares during the period. Burney Co.’s holdings in Tractor Supply were worth $4,357,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TSCO. Synovus Financial Corp grew its position in shares of Tractor Supply by 1.9% in the first quarter. Synovus Financial Corp now owns 5,006 shares of the specialty retailer’s stock valued at $1,166,000 after purchasing an additional 93 shares during the last quarter. Cibc World Market Inc. lifted its position in shares of Tractor Supply by 10.4% during the 1st quarter. Cibc World Market Inc. now owns 12,622 shares of the specialty retailer’s stock valued at $2,946,000 after acquiring an additional 1,186 shares during the period. Sei Investments Co. lifted its position in shares of Tractor Supply by 12.1% during the 1st quarter. Sei Investments Co. now owns 75,163 shares of the specialty retailer’s stock valued at $17,565,000 after acquiring an additional 8,129 shares during the period. Prudential PLC acquired a new stake in shares of Tractor Supply during the 1st quarter worth $611,000. Finally, Cetera Investment Advisers increased its position in shares of Tractor Supply by 15.8% in the first quarter. Cetera Investment Advisers now owns 6,238 shares of the specialty retailer’s stock worth $1,456,000 after purchasing an additional 849 shares during the period. 90.38% of the stock is owned by institutional investors and hedge funds.

Tractor Supply Stock Performance

Shares of TSCO opened at $206.73 on Wednesday. The firm has a market capitalization of $22.35 billion, a P/E ratio of 20.19, a P/E/G ratio of 2.84 and a beta of 0.85. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $251.17. The stock has a 50 day moving average price of $203.45 and a two-hundred day moving average price of $214.97. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.30 and a current ratio of 1.52.

Tractor Supply Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Monday, November 27th will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, November 24th. This represents a $4.12 annualized dividend and a yield of 1.99%. Tractor Supply’s dividend payout ratio (DPR) is currently 40.23%.

Wall Street Analysts Forecast Growth

TSCO has been the subject of several research analyst reports. Wedbush lowered their price objective on shares of Tractor Supply from $240.00 to $230.00 and set a “neutral” rating for the company in a research report on Friday, July 28th. Robert W. Baird dropped their target price on shares of Tractor Supply from $265.00 to $260.00 in a report on Tuesday, July 18th. Wells Fargo & Company lowered their price objective on Tractor Supply from $255.00 to $225.00 and set an “overweight” rating for the company in a research report on Tuesday, October 17th. Barclays cut their target price on Tractor Supply from $224.00 to $212.00 and set an “equal weight” rating on the stock in a research report on Monday, October 23rd. Finally, Citigroup lowered their target price on Tractor Supply from $207.00 to $195.00 and set a “neutral” rating for the company in a report on Wednesday, November 1st. Eleven equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $234.42.

About Tractor Supply

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.