BNP PARIBAS ASSET MANAGEMENT Holding S.A. Acquires 13,556 Shares of Tractor Supply (NASDAQ:TSCO)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Tractor Supply (NASDAQ:TSCO) by 20.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,532 shares of the specialty retailer’s stock after purchasing an additional 13,556 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.07% of Tractor Supply worth $23,138,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. King Luther Capital Management Corp grew its stake in Tractor Supply by 0.4% in the 3rd quarter. King Luther Capital Management Corp now owns 454,290 shares of the specialty retailer’s stock worth $132,166,000 after acquiring an additional 2,018 shares in the last quarter. First Horizon Advisors Inc. grew its stake in Tractor Supply by 13.2% in the third quarter. First Horizon Advisors Inc. now owns 351 shares of the specialty retailer’s stock worth $102,000 after purchasing an additional 41 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Tractor Supply by 1,674.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,492 shares of the specialty retailer’s stock worth $5,380,000 after purchasing an additional 17,450 shares during the period. MWA Asset Management raised its position in Tractor Supply by 1.7% during the 3rd quarter. MWA Asset Management now owns 4,131 shares of the specialty retailer’s stock valued at $1,202,000 after purchasing an additional 68 shares in the last quarter. Finally, Strategy Asset Managers LLC lifted its holdings in shares of Tractor Supply by 5.4% in the 3rd quarter. Strategy Asset Managers LLC now owns 1,198 shares of the specialty retailer’s stock worth $348,000 after buying an additional 61 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TSCO shares. Evercore ISI upgraded Tractor Supply from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 15th. Loop Capital boosted their price target on shares of Tractor Supply from $250.00 to $260.00 and gave the company a “hold” rating in a report on Friday, September 6th. Truist Financial dropped their price objective on shares of Tractor Supply from $325.00 to $317.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Barclays boosted their price objective on shares of Tractor Supply from $240.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Finally, Wedbush reaffirmed a “neutral” rating and set a $270.00 target price on shares of Tractor Supply in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Tractor Supply currently has a consensus rating of “Moderate Buy” and a consensus price target of $282.82.

Tractor Supply Trading Up 3.0 %

NASDAQ:TSCO opened at $281.71 on Friday. The company has a market capitalization of $30.10 billion, a P/E ratio of 27.40, a PEG ratio of 3.42 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. Tractor Supply has a 12 month low of $197.00 and a 12 month high of $307.64. The firm has a fifty day simple moving average of $284.18 and a 200-day simple moving average of $275.47.

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 given a dividend of $1.10 per share. The ex-dividend date is Monday, November 25th. This represents a $4.40 dividend on an annualized basis and a yield of 1.56%. Tractor Supply’s dividend payout ratio is currently 42.80%.

Insider Buying and Selling at Tractor Supply

In other news, CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total value of $6,957,000.48. Following the sale, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at $2,862,682.12. This represents a 70.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.24% of the company’s stock.

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.