Townsquare Capital LLC Increases Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Townsquare Capital LLC grew its position in Tractor Supply (NASDAQ:TSCO) by 12.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 19,794 shares of the specialty retailer’s stock after purchasing an additional 2,160 shares during the period. Townsquare Capital LLC’s holdings in Tractor Supply were worth $5,759,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TSCO. Marshall Wace LLP increased its position in shares of Tractor Supply by 2,921.4% in the second quarter. Marshall Wace LLP now owns 357,225 shares of the specialty retailer’s stock valued at $96,451,000 after buying an additional 345,402 shares in the last quarter. International Assets Investment Management LLC boosted its position in Tractor Supply by 29,058.6% during the third quarter. International Assets Investment Management LLC now owns 233,269 shares of the specialty retailer’s stock worth $67,865,000 after acquiring an additional 232,469 shares during the last quarter. Clearbridge Investments LLC grew its stake in Tractor Supply by 67.4% in the 2nd quarter. Clearbridge Investments LLC now owns 403,710 shares of the specialty retailer’s stock worth $109,002,000 after acquiring an additional 162,533 shares during the period. Employees Retirement System of Texas acquired a new position in Tractor Supply in the 2nd quarter valued at $38,070,000. Finally, Swedbank AB purchased a new position in shares of Tractor Supply during the 1st quarter worth $34,262,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Insider Buying and Selling

In related news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply 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 sale, the chief financial officer now owns 9,683 shares of the company’s stock, valued at $2,862,682.12. The trade was a 70.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.24% of the stock is currently owned by insiders.

Analyst Ratings Changes

TSCO has been the subject of a number of recent analyst reports. Robert W. Baird set a $320.00 price objective on Tractor Supply in a research report on Thursday, October 17th. Telsey Advisory Group restated an “outperform” rating and issued a $335.00 price target on shares of Tractor Supply in a report on Thursday, October 24th. DA Davidson increased their price objective 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. Citigroup cut shares of Tractor Supply from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Finally, Mizuho upped their price target on shares of Tractor Supply from $250.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $282.59.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $281.96 on Friday. The company’s fifty day simple moving average is $284.43 and its 200-day simple moving average is $275.79. Tractor Supply has a 52 week low of $197.00 and a 52 week high of $307.64. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81. The company has a market cap of $30.12 billion, a PE ratio of 27.43, a P/E/G ratio of 3.54 and a beta of 0.82.

Tractor Supply Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Monday, November 25th. Tractor Supply’s dividend payout ratio (DPR) is 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.