Tractor Supply (NASDAQ:TSCO) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp increased its position in Tractor Supply (NASDAQ:TSCO - Free Report) by 8.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,115 shares of the specialty retailer's stock after buying an additional 2,958 shares during the period. Van ECK Associates Corp's holdings in Tractor Supply were worth $11,133,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of TSCO. Henrickson Nauta Wealth Advisors Inc. increased its position in Tractor Supply by 3.2% during the third 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 increased its holdings in shares of 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 acquiring an additional 37 shares during the period. Signature Wealth Management Group increased its holdings in shares of 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 acquiring an additional 38 shares during the period. X Square Capital LLC increased its stake in Tractor Supply by 1.6% during the 2nd quarter. X Square Capital LLC now owns 2,579 shares of the specialty retailer's stock valued at $696,000 after buying an additional 41 shares during the period. Finally, TCI Wealth Advisors Inc. increased its stake in Tractor Supply by 5.1% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 846 shares of the specialty retailer's stock valued at $246,000 after buying an additional 41 shares during the period. Institutional investors and hedge funds own 98.72% of the company's stock.

Analyst Upgrades and Downgrades

TSCO has been the subject of several recent analyst reports. DA Davidson raised their target price on shares of Tractor Supply from $300.00 to $325.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Melius Research began coverage on shares of Tractor Supply in a research report on Monday, September 23rd. They set a "buy" rating and a $315.00 price objective on the stock. Wells Fargo & Company lifted their price target on shares of Tractor Supply from $295.00 to $325.00 and gave the company an "overweight" rating in a research report on Friday, October 11th. UBS Group lifted their price target on shares of Tractor Supply from $272.00 to $280.00 and gave the company a "neutral" rating in a research report on Friday, October 25th. Finally, Robert W. Baird set a $320.00 price target on shares of Tractor Supply in a research note on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $282.82.

Tractor Supply Trading Up 4.6 %

NASDAQ:TSCO traded up $12.74 during midday trading on Wednesday, hitting $288.95. The stock had a trading volume of 2,003,791 shares, compared to its average volume of 1,058,838. Tractor Supply has a one year low of $193.60 and a one year high of $307.64. The company has a market capitalization of $31.17 billion, a price-to-earnings ratio of 27.46, a PEG ratio of 3.39 and a beta of 0.82. The stock has a 50-day moving average of $282.44 and a 200 day moving average of $274.43. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81.

Insider Activity

In other news, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction 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 completion of the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, 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 sale, the chief financial officer now directly owns 9,683 shares in the company, valued at $2,862,682.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Matthew L. Rubin sold 540 shares of Tractor Supply stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $262.35, for a total value of $141,669.00. Following the completion of the sale, the senior vice president now owns 5,170 shares in the company, valued at approximately $1,356,349.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.58% of the company's stock.

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.