Loomis Sayles & Co. L P Increases Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Loomis Sayles & Co. L P lifted its stake in shares of Tractor Supply (NASDAQ:TSCO) by 0.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,930 shares of the specialty retailer’s stock after buying an additional 177 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Tractor Supply were worth $13,653,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Assenagon Asset Management S.A. lifted its position in Tractor Supply by 527.7% in the second quarter. Assenagon Asset Management S.A. now owns 26,501 shares of the specialty retailer’s stock valued at $7,155,000 after acquiring an additional 22,279 shares during the last quarter. Ballentine Partners LLC boosted its position in shares of Tractor Supply by 2.1% in the 2nd quarter. Ballentine Partners LLC now owns 4,504 shares of the specialty retailer’s stock valued at $1,216,000 after purchasing an additional 93 shares during the period. Silvant Capital Management LLC grew its stake in Tractor Supply by 20.9% during the 3rd quarter. Silvant Capital Management LLC now owns 14,781 shares of the specialty retailer’s stock worth $4,300,000 after buying an additional 2,556 shares during the last quarter. Cetera Investment Advisers increased its position in Tractor Supply by 199.0% during the first quarter. Cetera Investment Advisers now owns 35,771 shares of the specialty retailer’s stock worth $9,362,000 after buying an additional 23,806 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in shares of Tractor Supply during the second quarter worth approximately $13,353,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Citigroup downgraded shares of Tractor Supply from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Robert W. Baird set a $320.00 target price on shares of Tractor Supply in a report on Thursday, October 17th. JPMorgan Chase & Co. raised their price target on Tractor Supply from $260.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Piper Sandler upped their price objective on Tractor Supply from $300.00 to $332.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Finally, Gordon Haskett downgraded Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Tractor Supply currently has a consensus rating of “Moderate Buy” and a consensus price target of $282.59.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer now 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 filing with the SEC, which is accessible through this link. Insiders own 0.58% of the company’s stock.

Tractor Supply Trading Down 2.0 %

Shares of TSCO stock opened at $280.19 on Wednesday. The stock has a market cap of $29.94 billion, a P/E ratio of 27.26, a P/E/G ratio of 3.59 and a beta of 0.82. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81. Tractor Supply has a fifty-two week low of $197.00 and a fifty-two week high of $307.64. The business has a fifty day simple moving average of $284.23 and a 200-day simple moving average of $275.68.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Monday, November 25th. Tractor Supply’s payout ratio is currently 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.