KBC Group NV Raises Position in Tractor Supply (NASDAQ:TSCO)

KBC Group NV grew its holdings in Tractor Supply (NASDAQ:TSCO - Free Report) by 196.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,578 shares of the specialty retailer's stock after purchasing an additional 39,479 shares during the period. KBC Group NV owned about 0.06% of Tractor Supply worth $17,333,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its holdings in shares of Tractor Supply by 12.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer's stock valued at $871,691,000 after purchasing an additional 368,859 shares in the last quarter. Marshall Wace LLP increased its position in shares of Tractor Supply by 2,921.4% in the second quarter. Marshall Wace LLP now owns 357,225 shares of the specialty retailer's stock valued at $96,451,000 after buying an additional 345,402 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in Tractor Supply by 11,952.8% in the 1st quarter. Clearbridge Investments LLC now owns 241,177 shares of the specialty retailer's stock worth $63,121,000 after buying an additional 239,176 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Tractor Supply by 29,058.6% in the third quarter. International Assets Investment Management LLC now owns 233,269 shares of the specialty retailer's stock worth $67,865,000 after buying an additional 232,469 shares in the last quarter. Finally, Employees Retirement System of Texas purchased a new stake in Tractor Supply in the 2nd quarter valued at $38,070,000. Institutional investors own 98.72% of the company's stock.

Insiders Place Their Bets

In related news, CFO Kurt D. Barton sold 23,532 shares of the firm'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 completion of the transaction, 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 70.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.24% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of Tractor Supply from $295.00 to $325.00 and gave the stock an "overweight" rating in a research note on Friday, October 11th. Melius Research started coverage on shares of Tractor Supply in a research report on Monday, September 23rd. They issued a "buy" rating and a $315.00 price objective on the stock. Raymond James raised their price target on Tractor Supply from $285.00 to $290.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. UBS Group boosted their price objective on Tractor Supply from $272.00 to $280.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. Finally, Loop Capital increased 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. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $282.82.

Tractor Supply Stock Down 0.5 %

Shares of NASDAQ TSCO traded down $1.42 during mid-day trading on Friday, reaching $275.66. The company had a trading volume of 999,192 shares, compared to its average volume of 1,054,406. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48. The stock has a market capitalization of $29.45 billion, a PE ratio of 26.82, a price-to-earnings-growth ratio of 3.50 and a beta of 0.82. Tractor Supply has a twelve month low of $193.73 and a twelve month high of $307.64. The stock's 50 day moving average is $284.33 and its 200-day moving average is $275.30.

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 paid a $1.10 dividend. The ex-dividend date is Monday, November 25th. This represents a $4.40 annualized dividend and a dividend yield of 1.60%. Tractor Supply's dividend payout ratio is currently 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.