BNP PARIBAS ASSET MANAGEMENT Holding S.A. Grows Position in Tractor Supply (NASDAQ:TSCO)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Tractor Supply (NASDAQ:TSCO) by 20.5% during the third quarter, Holdings Channel.com reports. The firm owned 79,532 shares of the specialty retailer’s stock after acquiring an additional 13,556 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Tractor Supply were worth $23,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. King Luther Capital Management Corp grew its position in Tractor Supply by 0.4% during the third quarter. King Luther Capital Management Corp now owns 454,290 shares of the specialty retailer’s stock valued at $132,166,000 after buying an additional 2,018 shares during the period. First Horizon Advisors Inc. grew its position in shares of Tractor Supply by 13.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 351 shares of the specialty retailer’s stock valued at $102,000 after acquiring an additional 41 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Tractor Supply by 1,674.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,492 shares of the specialty retailer’s stock valued at $5,380,000 after acquiring an additional 17,450 shares during the period. MWA Asset Management increased its stake in shares of Tractor Supply by 1.7% in the 3rd quarter. MWA Asset Management now owns 4,131 shares of the specialty retailer’s stock valued at $1,202,000 after purchasing an additional 68 shares in the last quarter. Finally, Strategy Asset Managers LLC raised its holdings in Tractor Supply by 5.4% in the 3rd quarter. Strategy Asset Managers LLC now owns 1,198 shares of the specialty retailer’s stock worth $348,000 after purchasing an additional 61 shares during the period. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TSCO has been the topic of several research analyst reports. Evercore ISI raised Tractor Supply from a “hold” rating to a “strong-buy” rating in a report on Friday, November 15th. Telsey Advisory Group reissued an “outperform” rating and issued a $335.00 price target on shares of Tractor Supply in a research note on Thursday, October 24th. Piper Sandler upped their price objective on shares of Tractor Supply from $300.00 to $332.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Raymond James lifted their target price on shares of Tractor Supply from $285.00 to $290.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, Barclays boosted their target price on shares of Tractor Supply from $240.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $282.82.

Insider Activity at Tractor Supply

In other news, CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total value of $6,957,000.48. Following the transaction, the chief financial officer now owns 9,683 shares of the company’s stock, valued at $2,862,682.12. This represents a 70.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.24% of the stock is currently owned by insiders.

Tractor Supply Price Performance

Shares of TSCO stock opened at $281.71 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17. The company has a market capitalization of $30.10 billion, a PE ratio of 27.40, a price-to-earnings-growth ratio of 3.42 and a beta of 0.82. The firm’s 50-day moving average is $284.18 and its two-hundred day moving average is $275.47. Tractor Supply has a 12 month low of $197.00 and a 12 month high of $307.64.

Tractor Supply Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Monday, November 25th. Tractor Supply’s dividend payout ratio is presently 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.