Oppenheimer & Co. Inc. Buys 10,350 Shares of Tractor Supply (NASDAQ:TSCO)

Oppenheimer & Co. Inc. increased its position in Tractor Supply (NASDAQ:TSCO) by 122.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,781 shares of the specialty retailer’s stock after buying an additional 10,350 shares during the period. Oppenheimer & Co. Inc.’s holdings in Tractor Supply were worth $5,464,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its holdings in shares of Tractor Supply by 8.8% during the first quarter. Russell Investments Group Ltd. now owns 47,517 shares of the specialty retailer’s stock valued at $12,428,000 after acquiring an additional 3,850 shares in the last quarter. Kingsview Wealth Management LLC lifted its stake in shares of Tractor Supply by 5.2% in the first quarter. Kingsview Wealth Management LLC now owns 10,218 shares of the specialty retailer’s stock valued at $2,674,000 after buying an additional 507 shares in the last quarter. M&G Plc bought a new position in shares of Tractor Supply in the first quarter valued at $21,327,000. Westfield Capital Management Co. LP grew its holdings in shares of Tractor Supply by 24.3% during the first quarter. Westfield Capital Management Co. LP now owns 27,364 shares of the specialty retailer’s stock valued at $7,162,000 after buying an additional 5,349 shares during the last quarter. Finally, TIAA Trust National Association increased its position in shares of Tractor Supply by 13.3% during the first quarter. TIAA Trust National Association now owns 2,977 shares of the specialty retailer’s stock worth $779,000 after acquiring an additional 349 shares in the last quarter. 98.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on TSCO. Robert W. Baird set a $320.00 price target on Tractor Supply in a research note on Thursday, October 17th. Evercore ISI downgraded Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 price target for the company. in a report on Thursday, October 3rd. Mizuho increased their price target on Tractor Supply from $250.00 to $270.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Gordon Haskett lowered shares of Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. increased their target price 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. Two equities research 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. According to data from MarketBeat.com, Tractor Supply has a consensus rating of “Hold” and an average target price of $282.82.

Insider Activity at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction dated 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 of the company’s stock, valued at $2,862,682.12. The trade was a 70.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.24% of the stock is currently owned by corporate insiders.

Tractor Supply Stock Down 0.6 %

TSCO opened at $277.08 on Friday. Tractor Supply has a 12 month low of $193.73 and a 12 month high of $307.64. The company has a market cap of $29.60 billion, a PE ratio of 26.95, a price-to-earnings-growth 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 company has a 50 day moving average of $284.23 and a 200 day moving average of $275.32.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Monday, November 25th. Tractor Supply’s dividend payout ratio (DPR) is presently 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.