TimesSquare Capital Management LLC Purchases 81,341 Shares of Tractor Supply (NASDAQ:TSCO)

TimesSquare Capital Management LLC grew its position in shares of Tractor Supply (NASDAQ:TSCO) by 48.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 247,806 shares of the specialty retailer’s stock after buying an additional 81,341 shares during the quarter. Tractor Supply accounts for approximately 1.1% of TimesSquare Capital Management LLC’s investment portfolio, making the stock its 28th biggest holding. TimesSquare Capital Management LLC owned 0.23% of Tractor Supply worth $72,094,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TSCO. Sigma Planning Corp increased its position in shares of Tractor Supply by 3.7% during the third quarter. Sigma Planning Corp now owns 4,237 shares of the specialty retailer’s stock valued at $1,233,000 after acquiring an additional 152 shares during the last quarter. Atria Investments Inc grew its stake in Tractor Supply by 4.3% in the 3rd quarter. Atria Investments Inc now owns 23,269 shares of the specialty retailer’s stock valued at $6,770,000 after purchasing an additional 951 shares during the period. First Personal Financial Services purchased a new stake in shares of Tractor Supply during the 3rd quarter valued at $29,000. Field & Main Bank increased its position in shares of Tractor Supply by 6.4% during the 3rd quarter. Field & Main Bank now owns 3,348 shares of the specialty retailer’s stock valued at $974,000 after purchasing an additional 202 shares during the last quarter. Finally, Assetmark Inc. raised its stake in shares of Tractor Supply by 2,383.3% during the 3rd quarter. Assetmark Inc. now owns 149 shares of the specialty retailer’s stock worth $43,000 after purchasing an additional 143 shares during the period. Hedge funds and other 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 on Tuesday, October 1st. The stock was 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 of the company’s stock, valued at approximately $2,862,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the completion of the transaction, the senior vice president now owns 5,170 shares of the company’s stock, valued at $1,356,349.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the completion of the transaction, the chief financial officer now directly owns 9,683 shares in the company, valued at $2,862,682.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TSCO. Robert W. Baird set a $320.00 price target on shares of Tractor Supply in a research report on Thursday, October 17th. UBS Group increased their target price on shares of Tractor Supply from $272.00 to $280.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Loop Capital raised their price target on shares of Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Gordon Haskett downgraded Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, October 24th. Finally, Mizuho increased their price objective on Tractor Supply from $250.00 to $270.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $282.82.

Tractor Supply Price Performance

TSCO stock opened at $288.56 on Friday. The firm has a 50 day moving average of $283.49 and a 200-day moving average of $275.01. The firm has a market capitalization of $31.13 billion, a P/E ratio of 28.07, a price-to-earnings-growth ratio of 3.62 and a beta of 0.82. Tractor Supply has a 12 month low of $193.60 and a 12 month high of $307.64. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81.

Tractor Supply Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.52%. The ex-dividend date is Monday, November 25th. Tractor Supply’s payout ratio is 42.80%.

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.