Stephens Inc. AR Purchases 2,323 Shares of Tractor Supply (NASDAQ:TSCO)

Stephens Inc. AR increased its position in shares of Tractor Supply (NASDAQ:TSCO) by 7.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,750 shares of the specialty retailer’s stock after acquiring an additional 2,323 shares during the quarter. Stephens Inc. AR’s holdings in Tractor Supply were worth $9,819,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. LRI Investments LLC purchased a new stake in shares of Tractor Supply during the first quarter worth about $28,000. J.Safra Asset Management Corp raised its stake in Tractor Supply by 700.0% in the 1st quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 98 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Tractor Supply during the 3rd quarter worth about $29,000. Whittier Trust Co. raised its stake in shares of Tractor Supply by 60.9% in the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 42 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in Tractor Supply in the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Insider Activity

In related news, SVP Matthew L. Rubin sold 540 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the transaction, the senior vice president now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was 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 of the company’s stock, valued at approximately $1,356,349.50. This trade represents a 0.00 % 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. Also, 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 transaction, the chief financial officer now directly owns 9,683 shares in the company, valued at $2,862,682.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

TSCO has been the topic of several analyst reports. Loop Capital increased their price target on Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Piper Sandler lifted their price target on Tractor Supply from $300.00 to $332.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Robert W. Baird set a $320.00 price objective on Tractor Supply in a research report on Thursday, October 17th. Wedbush reaffirmed a “neutral” rating and set a $270.00 target price on shares of Tractor Supply in a report on Friday, October 25th. Finally, Barclays boosted their target price on shares of Tractor Supply from $240.00 to $250.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $282.82.

Tractor Supply Stock Performance

Shares of NASDAQ:TSCO opened at $266.57 on Friday. The business’s 50 day moving average price is $282.42 and its 200-day moving average price is $273.71. Tractor Supply has a 1 year low of $191.38 and a 1 year high of $307.64. 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 firm has a market capitalization of $28.75 billion, a PE ratio of 25.93, a P/E/G ratio of 3.33 and a beta of 0.82.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Monday, August 26th. Tractor Supply’s payout ratio is 42.80%.

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.