Silvant Capital Management LLC Boosts Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Silvant Capital Management LLC lifted its stake in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 20.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,781 shares of the specialty retailer's stock after purchasing an additional 2,556 shares during the period. Silvant Capital Management LLC's holdings in Tractor Supply were worth $4,300,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Henrickson Nauta Wealth Advisors Inc. increased its stake in shares of Tractor Supply by 3.2% during the 3rd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 1,127 shares of the specialty retailer's stock worth $328,000 after purchasing an additional 35 shares during the last quarter. Private Advisor Group LLC boosted its holdings in Tractor Supply by 0.5% in the 3rd quarter. Private Advisor Group LLC now owns 7,693 shares of the specialty retailer's stock worth $2,238,000 after buying an additional 37 shares during the period. Signature Wealth Management Group boosted its holdings in Tractor Supply by 0.5% in the 2nd quarter. Signature Wealth Management Group now owns 6,999 shares of the specialty retailer's stock worth $1,890,000 after buying an additional 38 shares during the period. X Square Capital LLC boosted its holdings in Tractor Supply by 1.6% in the 2nd quarter. X Square Capital LLC now owns 2,579 shares of the specialty retailer's stock worth $696,000 after buying an additional 41 shares during the period. Finally, TCI Wealth Advisors Inc. boosted its holdings in Tractor Supply by 5.1% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 846 shares of the specialty retailer's stock worth $246,000 after buying an additional 41 shares during the period. Hedge funds and other institutional investors own 98.72% of the company's stock.

Insider Activity

In other news, CFO Kurt D. Barton sold 23,532 shares of the company's 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 transaction, the chief financial officer now directly owns 9,683 shares of the company's stock, valued at approximately $2,862,682.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, SVP Matthew L. Rubin sold 540 shares of the business's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the transaction, the senior vice president now owns 5,170 shares in the company, valued at $1,356,349.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kurt D. Barton sold 23,532 shares of the business's 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 transaction, the chief financial officer now owns 9,683 shares in the company, valued at $2,862,682.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.24% of the company's stock.

Tractor Supply Trading Up 0.4 %

NASDAQ:TSCO traded up $1.06 during trading hours on Friday, reaching $266.57. The company's stock had a trading volume of 1,093,900 shares, compared to its average volume of 961,467. The firm has a 50-day simple moving average of $282.42 and a 200-day simple moving average of $273.71. Tractor Supply has a 1 year low of $191.38 and a 1 year high of $307.64. The firm has a market capitalization of $28.75 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 3.33 and a beta of 0.82. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48.

Tractor Supply Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Monday, August 26th. Tractor Supply's dividend payout ratio (DPR) is 42.80%.

Analyst Upgrades and Downgrades

TSCO has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Tractor Supply from $260.00 to $290.00 and gave the stock a "neutral" rating in a report on Wednesday, October 16th. Benchmark raised their price objective on shares of Tractor Supply from $280.00 to $310.00 and gave the stock a "buy" rating in a report on Monday, October 28th. Loop Capital raised their price objective on shares of Tractor Supply from $250.00 to $260.00 and gave the stock a "hold" rating in a report on Friday, September 6th. Truist Financial cut their price target on shares of Tractor Supply from $325.00 to $317.00 and set a "buy" rating for the company in a report on Friday, October 25th. Finally, Citigroup downgraded shares of Tractor Supply from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Tractor Supply currently has a consensus rating of "Hold" and an average target price of $282.82.

About Tractor Supply

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.