James Investment Research Inc. Has $1.58 Million Position in Tractor Supply (NASDAQ:TSCO)

James Investment Research Inc. cut its stake in Tractor Supply (NASDAQ:TSCO) by 4.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,433 shares of the specialty retailer’s stock after selling 249 shares during the quarter. James Investment Research Inc.’s holdings in Tractor Supply were worth $1,581,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TSCO. LRI Investments LLC acquired a new stake in Tractor Supply in the first quarter worth $28,000. J.Safra Asset Management Corp raised its stake in Tractor Supply by 700.0% during the 1st quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock worth $29,000 after buying an additional 98 shares during the period. Future Financial Wealth Managment LLC bought a new position in Tractor Supply during the third quarter worth about $29,000. Whittier Trust Co. grew its stake in Tractor Supply by 60.9% in the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 42 shares during the period. Finally, OFI Invest Asset Management bought a new stake in shares of Tractor Supply in the second quarter worth about $33,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TSCO has been the topic of several recent analyst reports. Citigroup cut Tractor Supply from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $335.00 price target on shares of Tractor Supply in a research note on Thursday, October 24th. Benchmark increased their price objective on shares of Tractor Supply from $280.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Evercore ISI lowered shares of Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 price objective on the stock. in a report on Thursday, October 3rd. Finally, Wells Fargo & Company upped their target price on shares of Tractor Supply from $295.00 to $325.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. 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 data from MarketBeat.com, Tractor Supply presently has a consensus rating of “Hold” and an average price target of $282.82.

Tractor Supply Price Performance

Shares of TSCO opened at $266.57 on Friday. 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’s fifty day simple moving average is $282.42 and its 200 day simple moving average 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 market cap of $28.75 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 3.33 and a beta of 0.82.

Tractor Supply Announces Dividend

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

Insider Activity

In other news, SVP Matthew L. Rubin sold 540 shares of the firm’s 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 directly owns 5,170 shares of the company’s stock, valued at $1,356,349.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the transaction, the senior vice president now directly owns 5,170 shares of the company’s stock, valued at $1,356,349.50. This represents a 0.00 % decrease in their ownership of the stock. The sale 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 firm’s 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 sale, the chief financial officer now owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.24% of the stock is owned by insiders.

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.