Tractor Supply (NASDAQ:TSCO) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp boosted its holdings in Tractor Supply (NASDAQ:TSCO) by 8.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 38,115 shares of the specialty retailer’s stock after acquiring an additional 2,958 shares during the period. Van ECK Associates Corp’s holdings in Tractor Supply were worth $11,133,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Henrickson Nauta Wealth Advisors Inc. grew its stake in Tractor Supply by 3.2% in the 3rd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 1,127 shares of the specialty retailer’s stock valued at $328,000 after acquiring an additional 35 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Tractor Supply by 0.5% during the 3rd quarter. Private Advisor Group LLC now owns 7,693 shares of the specialty retailer’s stock worth $2,238,000 after purchasing an additional 37 shares during the last quarter. Signature Wealth Management Group boosted its stake in shares of Tractor Supply by 0.5% during the 2nd quarter. Signature Wealth Management Group now owns 6,999 shares of the specialty retailer’s stock worth $1,890,000 after purchasing an additional 38 shares during the last quarter. X Square Capital LLC boosted its stake in shares of Tractor Supply by 1.6% during the 2nd quarter. X Square Capital LLC now owns 2,579 shares of the specialty retailer’s stock worth $696,000 after purchasing an additional 41 shares during the last quarter. Finally, TCI Wealth Advisors Inc. boosted its stake in shares of Tractor Supply by 5.1% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 846 shares of the specialty retailer’s stock worth $246,000 after purchasing an additional 41 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Tractor Supply Trading Up 2.2 %

NASDAQ TSCO opened at $276.21 on Wednesday. The company’s fifty day simple moving average is $282.37 and its 200-day simple moving average is $274.26. Tractor Supply has a 52 week low of $193.60 and a 52 week high of $307.64. 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 has a market cap of $29.79 billion, a P/E ratio of 26.45, a PEG ratio of 3.34 and a beta of 0.82.

Insider Transactions at Tractor Supply

In related news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply 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 completion of the sale, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Matthew L. Rubin sold 540 shares of Tractor Supply stock in a transaction on Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the completion of the sale, the senior vice president now owns 5,170 shares in the company, valued at approximately $1,356,349.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the completion of 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 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.

Wall Street Analysts Forecast Growth

TSCO has been the topic of several analyst reports. Benchmark raised their price target on shares of Tractor Supply from $280.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. UBS Group raised their price target on shares of Tractor Supply from $272.00 to $280.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Loop Capital raised their price target on shares of Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Piper Sandler increased their price objective on shares of Tractor Supply from $300.00 to $332.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Finally, Truist Financial cut their price objective on shares of Tractor Supply from $325.00 to $317.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Two equities 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 stock. According to MarketBeat.com, Tractor Supply has an average rating of “Hold” and a consensus target price of $282.82.

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.