Natixis Advisors LLC Has $20.18 Million Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Natixis Advisors LLC grew its holdings in Tractor Supply (NASDAQ:TSCO) by 4.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,375 shares of the specialty retailer’s stock after purchasing an additional 3,178 shares during the quarter. Natixis Advisors LLC owned about 0.06% of Tractor Supply worth $20,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted its stake in shares of Tractor Supply by 527.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 26,501 shares of the specialty retailer’s stock valued at $7,155,000 after purchasing an additional 22,279 shares during the period. Ballentine Partners LLC increased its position in 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 buying an additional 93 shares in the last quarter. Clearbridge Investments LLC increased its position in Tractor Supply by 11,952.8% in the 1st quarter. Clearbridge Investments LLC now owns 241,177 shares of the specialty retailer’s stock valued at $63,121,000 after buying an additional 239,176 shares in the last quarter. Silvant Capital Management LLC increased its position in Tractor Supply by 20.9% in the 3rd quarter. Silvant Capital Management LLC now owns 14,781 shares of the specialty retailer’s stock valued at $4,300,000 after buying an additional 2,556 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Tractor Supply by 12.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock valued at $871,691,000 after buying an additional 368,859 shares in the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Tractor Supply

In related news, CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $2,862,682.12. This represents a 70.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.24% of the stock is owned by company insiders.

Tractor Supply Stock Performance

TSCO stock opened at $276.82 on Tuesday. The firm has a market cap of $29.58 billion, a PE ratio of 26.93, a P/E/G ratio of 3.46 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. The business has a 50 day moving average of $284.41 and a 200-day moving average of $275.42. Tractor Supply has a 12-month low of $193.73 and a 12-month high of $307.64.

Tractor Supply Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be paid a $1.10 dividend. The ex-dividend date is Monday, November 25th. This represents a $4.40 annualized dividend and a yield of 1.59%. Tractor Supply’s payout ratio is 42.80%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Evercore ISI lowered Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 target price for the company. in a research report on Thursday, October 3rd. Citigroup lowered Tractor Supply from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Wedbush reaffirmed a “neutral” rating and issued a $270.00 target price on shares of Tractor Supply in a research report on Friday, October 25th. Loop Capital boosted their target price on Tractor Supply from $250.00 to $260.00 and gave the company a “hold” rating in a research report on Friday, September 6th. Finally, Robert W. Baird set a $320.00 price objective on Tractor Supply in a report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $282.82.

About Tractor Supply

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.