Radnor Capital Management LLC Buys New Holdings in Tractor Supply (NASDAQ:TSCO)

Radnor Capital Management LLC purchased a new position in shares of Tractor Supply (NASDAQ:TSCO - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 15,630 shares of the specialty retailer's stock, valued at approximately $4,547,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Assenagon Asset Management S.A. raised its position in shares of Tractor Supply by 527.7% during the second quarter. Assenagon Asset Management S.A. now owns 26,501 shares of the specialty retailer's stock worth $7,155,000 after purchasing an additional 22,279 shares during the period. Ballentine Partners LLC grew its position in shares of Tractor Supply by 2.1% during the 2nd quarter. Ballentine Partners LLC now owns 4,504 shares of the specialty retailer's stock worth $1,216,000 after purchasing an additional 93 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of Tractor Supply by 11,952.8% in the first quarter. Clearbridge Investments LLC now owns 241,177 shares of the specialty retailer's stock worth $63,121,000 after purchasing an additional 239,176 shares during the period. Price T Rowe Associates Inc. MD raised its position in Tractor Supply by 12.5% during the first 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. Finally, Silvant Capital Management LLC lifted its holdings in shares of Tractor Supply by 20.9% in the third quarter. Silvant Capital Management LLC now owns 14,781 shares of the specialty retailer's stock worth $4,300,000 after acquiring an additional 2,556 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TSCO. Citigroup cut Tractor Supply from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 17th. Wells Fargo & Company upped their target price on Tractor Supply from $295.00 to $325.00 and gave the stock an "overweight" rating in a research report on Friday, October 11th. Gordon Haskett downgraded shares of Tractor Supply from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, October 24th. Loop Capital increased their price target on Tractor Supply from $250.00 to $260.00 and gave the company a "hold" rating in a research report on Friday, September 6th. Finally, 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. Two equities 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 data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $282.82.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the company's stock in a transaction 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 sale, the senior vice president now directly owns 5,170 shares of the company's stock, valued at approximately $1,356,349.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was 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 approximately $1,356,349.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kurt D. Barton sold 23,532 shares of the company's stock in a transaction dated 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 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 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by company insiders.

Tractor Supply Stock Up 4.4 %

NASDAQ:TSCO traded up $12.27 during midday trading on Wednesday, reaching $288.48. 1,576,747 shares of the stock traded hands, compared to its average volume of 1,054,973. The business has a 50-day moving average of $282.44 and a two-hundred day moving average of $274.43. 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 has a 12-month low of $193.60 and a 12-month high of $307.64. The stock has a market capitalization of $31.12 billion, a PE ratio of 27.46, a price-to-earnings-growth ratio of 3.39 and a beta of 0.82.

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.