KBC Group NV Has $17.33 Million Position in Tractor Supply (NASDAQ:TSCO)

KBC Group NV boosted its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 196.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,578 shares of the specialty retailer’s stock after acquiring an additional 39,479 shares during the quarter. KBC Group NV’s holdings in Tractor Supply were worth $17,333,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Huntington National Bank boosted its holdings in Tractor Supply by 0.7% in the third quarter. Huntington National Bank now owns 5,538 shares of the specialty retailer’s stock valued at $1,611,000 after acquiring an additional 41 shares during the last quarter. Schrum Private Wealth Management LLC acquired a new stake in Tractor Supply during the 3rd quarter worth about $233,000. Oppenheimer Asset Management Inc. raised its position in shares of Tractor Supply by 34.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 4,109 shares of the specialty retailer’s stock worth $1,195,000 after acquiring an additional 1,063 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of Tractor Supply by 122.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 18,781 shares of the specialty retailer’s stock valued at $5,464,000 after purchasing an additional 10,350 shares during the period. Finally, Pinnacle Financial Partners Inc boosted its position in shares of Tractor Supply by 4.3% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 1,131 shares of the specialty retailer’s stock valued at $329,000 after purchasing an additional 47 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TSCO. Barclays boosted their price target on Tractor Supply from $240.00 to $250.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Robert W. Baird set a $320.00 target price on shares of Tractor Supply in a research note on Thursday, October 17th. Benchmark lifted their price target on shares of Tractor Supply from $280.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. increased their price objective on shares of Tractor Supply from $260.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Finally, DA Davidson boosted their target price on Tractor Supply from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Tractor Supply presently has an average rating of “Hold” and an average target price of $282.82.

Tractor Supply Stock Down 0.5 %

TSCO stock opened at $275.66 on Friday. The stock has a market cap of $29.45 billion, a P/E ratio of 26.82, a P/E/G ratio of 3.50 and a beta of 0.82. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81. The stock’s fifty day simple moving average is $284.33 and its two-hundred day simple moving average is $275.30. Tractor Supply has a 1-year low of $193.73 and a 1-year high of $307.64.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $4.40 annualized dividend and a yield of 1.60%. Tractor Supply’s payout ratio is currently 42.80%.

Insider Buying and Selling

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the business’s stock in a transaction 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 sale, the chief financial officer now directly owns 9,683 shares in the company, valued at $2,862,682.12. The trade was a 70.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.24% of the stock is currently owned by corporate insiders.

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.