Hilton Capital Management LLC Decreases Holdings in Tractor Supply (NASDAQ:TSCO)

Hilton Capital Management LLC reduced its position in Tractor Supply (NASDAQ:TSCO) by 24.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,829 shares of the specialty retailer’s stock after selling 12,182 shares during the period. Hilton Capital Management LLC’s holdings in Tractor Supply were worth $11,006,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in shares of Tractor Supply by 12.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock valued at $871,691,000 after purchasing an additional 368,859 shares during the last quarter. Marshall Wace LLP raised its position in shares of Tractor Supply by 2,921.4% in the second quarter. Marshall Wace LLP now owns 357,225 shares of the specialty retailer’s stock valued at $96,451,000 after buying an additional 345,402 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Tractor Supply by 29,058.6% during the third quarter. International Assets Investment Management LLC now owns 233,269 shares of the specialty retailer’s stock valued at $67,865,000 after buying an additional 232,469 shares during the period. Clearbridge Investments LLC boosted its position in Tractor Supply by 67.4% during the second quarter. Clearbridge Investments LLC now owns 403,710 shares of the specialty retailer’s stock worth $109,002,000 after acquiring an additional 162,533 shares during the last quarter. Finally, Employees Retirement System of Texas purchased a new stake in Tractor Supply in the 2nd quarter worth approximately $38,070,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tractor Supply

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 transaction of $6,957,000.48. Following the completion of the transaction, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. The trade was a 70.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.58% of the stock is currently owned by company insiders.

Tractor Supply Trading Down 1.4 %

NASDAQ TSCO opened at $272.85 on Wednesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17. The company’s fifty day moving average price is $284.45 and its two-hundred day moving average price is $275.44. Tractor Supply has a 12 month low of $193.73 and a 12 month high of $307.64. The company has a market capitalization of $29.15 billion, a price-to-earnings ratio of 26.54, a price-to-earnings-growth ratio of 3.46 and a beta of 0.82.

Tractor Supply Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Monday, November 25th. Tractor Supply’s dividend payout ratio (DPR) is 42.80%.

Wall Street Analysts Forecast Growth

TSCO has been the topic of several analyst reports. Benchmark raised their price objective on Tractor Supply from $280.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Evercore ISI upgraded Tractor Supply from a “hold” rating to a “strong-buy” rating in a report on Friday, November 15th. Citigroup lowered shares of Tractor Supply from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Wells Fargo & Company boosted their target price on shares of Tractor Supply from $295.00 to $325.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Finally, Robert W. Baird set a $320.00 price target on shares of Tractor Supply in a report on Thursday, October 17th. Two 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 company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $282.82.

About Tractor Supply

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.