GSA Capital Partners LLP Acquires New Shares in Tractor Supply (NASDAQ:TSCO)

GSA Capital Partners LLP bought a new position in shares of Tractor Supply (NASDAQ:TSCO) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 1,628 shares of the specialty retailer’s stock, valued at approximately $474,000.

Several other large investors have also bought and sold shares of TSCO. Price T Rowe Associates Inc. MD raised its position in Tractor Supply by 12.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock worth $871,691,000 after purchasing an additional 368,859 shares during the last quarter. Marshall Wace LLP raised its position in Tractor Supply by 2,921.4% during the 2nd quarter. Marshall Wace LLP now owns 357,225 shares of the specialty retailer’s stock worth $96,451,000 after purchasing an additional 345,402 shares during the last quarter. International Assets Investment Management LLC raised its position in Tractor Supply by 29,058.6% during the 3rd quarter. International Assets Investment Management LLC now owns 233,269 shares of the specialty retailer’s stock worth $67,865,000 after purchasing an additional 232,469 shares during the last quarter. Clearbridge Investments LLC raised its position in Tractor Supply by 67.4% during the 2nd quarter. Clearbridge Investments LLC now owns 403,710 shares of the specialty retailer’s stock worth $109,002,000 after purchasing an additional 162,533 shares during the last quarter. Finally, Employees Retirement System of Texas bought a new position in Tractor Supply during the 2nd quarter worth $38,070,000. 98.72% of the stock is owned by institutional investors.

Insider Buying and Selling at Tractor Supply

In other news, CFO Kurt D. Barton sold 23,532 shares of the business’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 $2,862,682.12. The trade was a 70.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TSCO. Telsey Advisory Group reaffirmed an “outperform” rating and set a $335.00 target price on shares of Tractor Supply in a research report on Thursday, October 24th. Wells Fargo & Company lifted their price objective on Tractor Supply from $295.00 to $325.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Loop Capital lifted their price objective on Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Raymond James lifted their price objective on Tractor Supply from $285.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, UBS Group lifted their price objective on Tractor Supply from $272.00 to $280.00 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 assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Tractor Supply has a consensus rating of “Moderate Buy” and an average price target of $282.82.

Tractor Supply Price Performance

TSCO stock opened at $270.00 on Thursday. The company has a market capitalization of $28.85 billion, a P/E ratio of 26.26, a price-to-earnings-growth ratio of 3.46 and a beta of 0.82. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48. Tractor Supply has a 52-week low of $193.73 and a 52-week high of $307.64. The business has a 50-day simple moving average of $284.33 and a two-hundred day simple moving average of $275.40.

Tractor Supply Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $4.40 dividend on an annualized basis and a yield of 1.63%. Tractor Supply’s dividend payout ratio (DPR) is currently 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.