Tractor Supply (NASDAQ:TSCO) Shares Purchased by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P boosted its stake in shares of Tractor Supply (NASDAQ:TSCO) by 0.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,930 shares of the specialty retailer’s stock after acquiring an additional 177 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Tractor Supply were worth $13,653,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Silvercrest Asset Management Group LLC boosted its stake in shares of Tractor Supply by 10.4% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 9,587 shares of the specialty retailer’s stock worth $2,509,000 after acquiring an additional 902 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its position in Tractor Supply by 18.4% during the first quarter. B. Riley Wealth Advisors Inc. now owns 8,118 shares of the specialty retailer’s stock worth $2,125,000 after purchasing an additional 1,261 shares in the last quarter. Tidal Investments LLC grew its holdings in Tractor Supply by 321.9% in the first quarter. Tidal Investments LLC now owns 16,477 shares of the specialty retailer’s stock valued at $4,312,000 after purchasing an additional 12,572 shares during the period. Comerica Bank increased its position in shares of Tractor Supply by 2.8% in the first quarter. Comerica Bank now owns 28,151 shares of the specialty retailer’s stock valued at $7,368,000 after buying an additional 779 shares in the last quarter. Finally, National Wealth Management Group LLC acquired a new position in shares of Tractor Supply during the 1st quarter worth approximately $505,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Evercore ISI upgraded shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 15th. Loop Capital upped their price target on shares of Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Telsey Advisory Group reiterated an “outperform” rating and issued a $335.00 price objective on shares of Tractor Supply in a report on Thursday, October 24th. UBS Group increased their target price on Tractor Supply from $272.00 to $280.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, Robert W. Baird set a $320.00 price target on Tractor Supply in a research note on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Tractor Supply has a consensus rating of “Moderate Buy” and an average target price of $282.59.

Tractor Supply Trading Down 2.0 %

NASDAQ:TSCO opened at $280.19 on Wednesday. Tractor Supply has a 12-month low of $197.00 and a 12-month high of $307.64. The firm has a market cap of $29.94 billion, a PE ratio of 27.26, a price-to-earnings-growth ratio of 3.59 and a beta of 0.82. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81. The stock has a fifty day moving average price of $284.23 and a 200 day moving average price of $275.68.

Tractor Supply Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Monday, November 25th. Tractor Supply’s dividend payout ratio is presently 42.80%.

Insider Buying and Selling

In other news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. The trade was a 70.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.58% of the company’s stock.

Tractor Supply Company 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.