Tractor Supply (NASDAQ:TSCO) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its position in Tractor Supply (NASDAQ:TSCO - Free Report) by 27.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,512 shares of the specialty retailer's stock after selling 12,160 shares during the period. Janney Montgomery Scott LLC's holdings in Tractor Supply were worth $9,459,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TSCO. LRI Investments LLC purchased a new position in Tractor Supply during the first quarter worth $28,000. J.Safra Asset Management Corp raised its position in shares of Tractor Supply by 700.0% in the first quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer's stock valued at $29,000 after buying an additional 98 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Tractor Supply during the third quarter valued at approximately $29,000. Whittier Trust Co. grew its stake in Tractor Supply by 60.9% in the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer's stock worth $30,000 after acquiring an additional 42 shares during the period. Finally, OFI Invest Asset Management acquired a new position in Tractor Supply in the 2nd quarter valued at $33,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Tractor Supply Stock Performance

Shares of NASDAQ TSCO traded up $1.79 during trading on Friday, reaching $291.08. The stock had a trading volume of 280,439 shares, compared to its average volume of 1,056,088. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48. The stock has a market cap of $31.40 billion, a PE ratio of 28.14, a P/E/G ratio of 3.62 and a beta of 0.82. Tractor Supply has a one year low of $193.60 and a one year high of $307.64. The firm's 50 day moving average price is $283.07 and its two-hundred day moving average price is $274.63.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $4.40 annualized dividend and a yield of 1.51%. Tractor Supply's payout ratio is 42.80%.

Insiders Place Their Bets

In other news, SVP Matthew L. Rubin sold 540 shares of Tractor Supply 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 completion of the transaction, the senior vice president now directly owns 5,170 shares of the company's stock, valued at approximately $1,356,349.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the firm's stock in a transaction that occurred 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 sale, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. This trade 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, SVP Matthew L. Rubin sold 540 shares of the business'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 transaction, the senior vice president now owns 5,170 shares of the company's stock, valued at approximately $1,356,349.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TSCO has been the subject of several recent analyst reports. Truist Financial lowered their price target on Tractor Supply from $325.00 to $317.00 and set a "buy" rating for the company in a report on Friday, October 25th. Evercore ISI lowered Tractor Supply from an "outperform" rating to an "in-line" rating and set a $300.00 target price on the stock. in a research report on Thursday, October 3rd. Piper Sandler upped their price target on Tractor Supply from $300.00 to $332.00 and gave the stock an "overweight" rating in a research note on Monday, October 14th. Wedbush reaffirmed a "neutral" rating and issued a $270.00 price objective on shares of Tractor Supply in a research note on Friday, October 25th. Finally, Benchmark increased their target price 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. Two investment 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, Tractor Supply currently has an average rating of "Hold" and a consensus price target 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.