Townsquare Capital LLC Purchases 2,160 Shares of Tractor Supply (NASDAQ:TSCO)

Townsquare Capital LLC boosted its position in Tractor Supply (NASDAQ:TSCO - Free Report) by 12.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,794 shares of the specialty retailer's stock after purchasing an additional 2,160 shares during the quarter. Townsquare Capital LLC's holdings in Tractor Supply were worth $5,759,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Comerica Bank boosted its stake in Tractor Supply by 2.8% during the first quarter. Comerica Bank now owns 28,151 shares of the specialty retailer's stock worth $7,368,000 after acquiring an additional 779 shares in the last quarter. Swedbank AB bought a new position in Tractor Supply during the 1st quarter valued at approximately $34,262,000. Atria Investments Inc raised its stake in Tractor Supply by 0.4% during the first quarter. Atria Investments Inc now owns 22,415 shares of the specialty retailer's stock valued at $5,866,000 after buying an additional 100 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Tractor Supply by 199.0% in the first quarter. Cetera Investment Advisers now owns 35,771 shares of the specialty retailer's stock worth $9,362,000 after acquiring an additional 23,806 shares during the last quarter. Finally, Cetera Advisors LLC increased its holdings in shares of Tractor Supply by 37.3% during the first quarter. Cetera Advisors LLC now owns 10,729 shares of the specialty retailer's stock valued at $2,808,000 after acquiring an additional 2,916 shares in the last quarter. Hedge funds and other 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 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 trade represents a 70.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.24% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Piper Sandler increased their price objective on shares of Tractor Supply from $300.00 to $332.00 and gave the company an "overweight" rating in a research report on Monday, October 14th. Gordon Haskett cut shares of Tractor Supply from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, October 24th. Raymond James boosted their price objective on shares of Tractor Supply from $285.00 to $290.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. DA Davidson upped their target price on shares of Tractor Supply from $300.00 to $325.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Finally, Benchmark lifted their price target on shares of Tractor Supply from $280.00 to $310.00 and gave the stock a "buy" rating in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $282.59.

Tractor Supply Stock Performance

NASDAQ TSCO traded up $1.71 on Friday, reaching $283.67. 763,894 shares of the stock were exchanged, compared to its average volume of 1,049,463. The firm has a market capitalization of $30.31 billion, a PE ratio of 27.78, a PEG ratio of 3.54 and a beta of 0.82. Tractor Supply has a one year low of $197.91 and a one year high of $307.64. The company's 50-day simple moving average is $284.59 and its two-hundred day simple moving average is $275.83. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81.

Tractor Supply Dividend Announcement

The company 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. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Monday, November 25th. Tractor Supply's dividend payout ratio (DPR) is 42.80%.

Tractor Supply Company 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.