Assetmark Inc. Has $43,000 Stock Position in Tractor Supply (NASDAQ:TSCO)

Assetmark Inc. raised its holdings in Tractor Supply (NASDAQ:TSCO) by 2,383.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 149 shares of the specialty retailer’s stock after buying an additional 143 shares during the period. Assetmark Inc.’s holdings in Tractor Supply were worth $43,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its holdings in shares of 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 purchasing an additional 22,279 shares during the last quarter. Ballentine Partners LLC boosted its holdings in shares of Tractor Supply by 2.1% during 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. Clearbridge Investments LLC grew its position in shares of Tractor Supply by 11,952.8% in the first quarter. Clearbridge Investments LLC now owns 241,177 shares of the specialty retailer’s stock valued at $63,121,000 after purchasing an additional 239,176 shares during the last quarter. Silvant Capital Management LLC increased its stake in shares of Tractor Supply by 20.9% during the third quarter. Silvant Capital Management LLC now owns 14,781 shares of the specialty retailer’s stock worth $4,300,000 after purchasing an additional 2,556 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Tractor Supply by 12.5% during the first 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 period. 98.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on TSCO shares. Wedbush reiterated a “neutral” rating and set a $270.00 price objective on shares of Tractor Supply in a research report on Friday, October 25th. JPMorgan Chase & Co. boosted their price objective on shares of Tractor Supply from $260.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Wells Fargo & Company lifted their price target on shares of Tractor Supply from $295.00 to $325.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Evercore ISI lowered Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 price objective on the stock. in a research note on Thursday, October 3rd. Finally, DA Davidson increased their target price on Tractor Supply from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Tractor Supply presently has an average rating of “Hold” and a consensus target price of $282.82.

Tractor Supply Price Performance

Shares of NASDAQ:TSCO opened at $276.82 on Tuesday. 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 firm has a market cap of $29.58 billion, a PE ratio of 26.93, a price-to-earnings-growth ratio of 3.46 and a beta of 0.82. The firm’s fifty day moving average is $284.41 and its 200-day moving average is $275.42.

Tractor Supply Dividend Announcement

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 given a $1.10 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.59%. Tractor Supply’s dividend payout ratio (DPR) is presently 42.80%.

Insider Activity

In other news, CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total value of $6,957,000.48. Following the sale, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. This represents a 70.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.24% of the company’s stock.

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.