Haverford Trust Co Raises Position in Tractor Supply (NASDAQ:TSCO)

Haverford Trust Co grew its position in shares of Tractor Supply (NASDAQ:TSCO) by 52.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,072 shares of the specialty retailer’s stock after buying an additional 717 shares during the quarter. Haverford Trust Co’s holdings in Tractor Supply were worth $603,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its holdings in shares of Tractor Supply by 527.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 26,501 shares of the specialty retailer’s stock worth $7,155,000 after purchasing an additional 22,279 shares in the last quarter. Ballentine Partners LLC raised its position in Tractor Supply by 2.1% in the 2nd quarter. Ballentine Partners LLC now owns 4,504 shares of the specialty retailer’s stock worth $1,216,000 after buying an additional 93 shares during the last quarter. Clearbridge Investments LLC lifted its stake in Tractor Supply by 11,952.8% during the 1st quarter. Clearbridge Investments LLC now owns 241,177 shares of the specialty retailer’s stock valued at $63,121,000 after acquiring an additional 239,176 shares during the period. Silvant Capital Management LLC boosted its holdings in shares of Tractor Supply by 20.9% during the 3rd quarter. Silvant Capital Management LLC now owns 14,781 shares of the specialty retailer’s stock valued at $4,300,000 after acquiring an additional 2,556 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Tractor Supply by 12.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock worth $871,691,000 after acquiring an additional 368,859 shares during the period. Institutional investors own 98.72% of the company’s stock.

Insider Activity

In related news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply 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 completion of the sale, the chief financial officer now owns 9,683 shares in the company, valued at $2,862,682.12. This trade represents a 70.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on TSCO. Gordon Haskett downgraded shares of Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, October 24th. Barclays lifted their price objective on Tractor Supply from $240.00 to $250.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Citigroup downgraded Tractor Supply from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Wedbush reiterated a “neutral” rating and set a $270.00 price target on shares of Tractor Supply in a research note on Friday, October 25th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $335.00 price objective on shares of Tractor Supply in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $282.82.

Tractor Supply Stock Down 0.6 %

NASDAQ TSCO opened at $277.08 on Friday. Tractor Supply has a 52 week low of $193.73 and a 52 week high of $307.64. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81. The company has a fifty day moving average of $284.23 and a two-hundred day moving average of $275.32. The firm has a market capitalization of $29.60 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 3.50 and a beta of 0.82.

Tractor Supply Dividend Announcement

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 given 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 dividend yield of 1.59%. Tractor Supply’s dividend payout ratio (DPR) is presently 42.80%.

Tractor Supply Profile

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.