Quantinno Capital Management LP Raises Stake in Tractor Supply (NASDAQ:TSCO)

Quantinno Capital Management LP raised its stake in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 8.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,746 shares of the specialty retailer's stock after purchasing an additional 4,215 shares during the period. Quantinno Capital Management LP owned 0.05% of Tractor Supply worth $15,637,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Assenagon Asset Management S.A. boosted its holdings in Tractor Supply by 527.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 26,501 shares of the specialty retailer's stock worth $7,155,000 after buying an additional 22,279 shares during the last quarter. Ballentine Partners LLC raised its stake in Tractor Supply by 2.1% in the 2nd quarter. Ballentine Partners LLC now owns 4,504 shares of the specialty retailer's stock valued at $1,216,000 after purchasing an additional 93 shares during the last quarter. Silvant Capital Management LLC lifted its holdings in Tractor Supply by 20.9% in the 3rd quarter. Silvant Capital Management LLC now owns 14,781 shares of the specialty retailer's stock valued at $4,300,000 after purchasing an additional 2,556 shares in the last quarter. Blueshift Asset Management LLC boosted its stake in Tractor Supply by 32.7% during the 3rd quarter. Blueshift Asset Management LLC now owns 9,945 shares of the specialty retailer's stock worth $2,893,000 after purchasing an additional 2,452 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Tractor Supply during the second quarter worth $13,353,000. Institutional investors and hedge funds own 98.72% of the company's stock.

Insider Buying and Selling

In related news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction that occurred 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 in the company, valued at $2,862,682.12. The trade was a 70.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.24% of the stock is currently owned by insiders.

Tractor Supply Stock Down 1.5 %

Shares of TSCO stock traded down $4.21 during trading on Thursday, reaching $281.65. The company's stock had a trading volume of 635,945 shares, compared to its average volume of 1,048,660. Tractor Supply has a 1-year low of $206.60 and a 1-year high of $307.64. The stock's 50-day moving average price is $285.28 and its 200 day moving average price is $276.09. The company has a market capitalization of $30.09 billion, a price-to-earnings ratio of 27.81, a P/E/G ratio of 3.57 and a beta of 0.83. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17.

Tractor Supply Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $4.40 annualized dividend and a yield of 1.56%. Tractor Supply's payout ratio is 42.80%.

Analysts Set New Price Targets

TSCO has been the topic of several research reports. Citigroup downgraded shares of Tractor Supply from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 17th. Mizuho upped their price target on Tractor Supply from $250.00 to $270.00 and gave the company a "neutral" rating in a research report on Friday, October 25th. Barclays lifted their price objective on Tractor Supply from $240.00 to $250.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Truist Financial cut their target price on Tractor Supply from $325.00 to $317.00 and set a "buy" rating for the company in a research note on Friday, October 25th. Finally, Gordon Haskett cut shares of Tractor Supply from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $282.59.

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.