Westfield Capital Management Co. LP Boosts Stock Position in Tractor Supply (NASDAQ:TSCO)

Westfield Capital Management Co. LP lifted its holdings in Tractor Supply (NASDAQ:TSCO) by 1.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,583 shares of the specialty retailer’s stock after acquiring an additional 506 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Tractor Supply were worth $8,607,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Assenagon Asset Management S.A. boosted its position in 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 worth $7,155,000 after purchasing an additional 22,279 shares in the last quarter. Ballentine Partners LLC raised its position in shares of Tractor Supply by 2.1% in the second quarter. Ballentine Partners LLC now owns 4,504 shares of the specialty retailer’s stock worth $1,216,000 after acquiring an additional 93 shares during the period. Silvant Capital Management LLC boosted its stake in shares of 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 acquiring an additional 2,556 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Tractor Supply by 199.0% in the 1st quarter. Cetera Investment Advisers now owns 35,771 shares of the specialty retailer’s stock valued at $9,362,000 after purchasing an additional 23,806 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Tractor Supply in the 2nd quarter worth about $13,353,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on TSCO shares. Evercore ISI upgraded Tractor Supply from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 15th. Wells Fargo & Company raised their target price on Tractor Supply from $295.00 to $325.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. boosted their price target on Tractor Supply from $260.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. DA Davidson raised their price objective on Tractor Supply from $300.00 to $325.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Benchmark increased their target price on shares of Tractor Supply from $280.00 to $310.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $282.82.

Tractor Supply Trading Up 3.0 %

Shares of TSCO stock opened at $281.71 on Monday. Tractor Supply has a fifty-two week low of $197.00 and a fifty-two week high of $307.64. The company has a 50 day moving average price of $284.18 and a 200 day moving average price of $275.57. The stock has a market capitalization of $30.10 billion, a P/E ratio of 27.40, a price-to-earnings-growth ratio of 3.53 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Monday, November 25th. Tractor Supply’s payout ratio is currently 42.80%.

Insider Activity at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the firm’s stock in a transaction that occurred 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 approximately $2,862,682.12. This trade 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 can be accessed through this link. 0.58% of the stock is currently owned by company insiders.

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.