TimesSquare Capital Management LLC Acquires 81,341 Shares of Tractor Supply (NASDAQ:TSCO)

TimesSquare Capital Management LLC boosted its position in Tractor Supply (NASDAQ:TSCO - Free Report) by 48.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 247,806 shares of the specialty retailer's stock after purchasing an additional 81,341 shares during the quarter. Tractor Supply comprises approximately 1.1% of TimesSquare Capital Management LLC's investment portfolio, making the stock its 28th largest position. TimesSquare Capital Management LLC owned about 0.23% of Tractor Supply worth $72,094,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TSCO. Henrickson Nauta Wealth Advisors Inc. raised its position 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 acquiring an additional 35 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of Tractor Supply by 0.5% in the third quarter. Private Advisor Group LLC now owns 7,693 shares of the specialty retailer's stock valued at $2,238,000 after buying an additional 37 shares in the last quarter. Signature Wealth Management Group boosted its stake in shares of Tractor Supply by 0.5% in the second quarter. Signature Wealth Management Group now owns 6,999 shares of the specialty retailer's stock valued at $1,890,000 after buying an additional 38 shares in the last quarter. X Square Capital LLC boosted its position in Tractor Supply by 1.6% during the second quarter. X Square Capital LLC now owns 2,579 shares of the specialty retailer's stock worth $696,000 after purchasing an additional 41 shares in the last quarter. Finally, TCI Wealth Advisors Inc. boosted its position in Tractor Supply by 5.1% during the third quarter. TCI Wealth Advisors Inc. now owns 846 shares of the specialty retailer's stock worth $246,000 after purchasing an additional 41 shares in the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Tractor Supply

In related news, CFO Kurt D. Barton sold 23,532 shares of the company's stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 9,683 shares in the company, valued at approximately $2,862,682.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the firm'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 owns 5,170 shares of the company's stock, valued at $1,356,349.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kurt D. Barton sold 23,532 shares of the firm'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 completion of the sale, 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 disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TSCO has been the subject of a number of analyst reports. Citigroup cut Tractor Supply from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 17th. DA Davidson upped their price target on Tractor Supply from $300.00 to $325.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Robert W. Baird set a $320.00 target price on Tractor Supply in a research report on Thursday, October 17th. Gordon Haskett downgraded Tractor Supply from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, October 24th. Finally, Benchmark increased their price target on Tractor Supply from $280.00 to $310.00 and gave the company a "buy" rating in a report on Monday, October 28th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $282.82.

Tractor Supply Price Performance

NASDAQ:TSCO traded down $0.73 during mid-day trading on Friday, reaching $288.56. The stock had a trading volume of 1,201,907 shares, compared to its average volume of 1,081,762. The stock has a 50-day simple moving average of $283.49 and a two-hundred day simple moving average of $275.01. The stock has a market capitalization of $31.13 billion, a PE ratio of 28.07, a P/E/G ratio of 3.62 and a beta of 0.82. Tractor Supply has a 12 month low of $193.60 and a 12 month high of $307.64. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Monday, November 25th. Tractor Supply's payout ratio is presently 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.