Oppenheimer & Co. Inc. Has $5.46 Million Position in Tractor Supply (NASDAQ:TSCO)

Oppenheimer & Co. Inc. raised its holdings in Tractor Supply (NASDAQ:TSCO - Free Report) by 122.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,781 shares of the specialty retailer's stock after purchasing an additional 10,350 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Tractor Supply were worth $5,464,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Pinnacle Financial Partners Inc raised its position in Tractor Supply by 4.3% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 1,131 shares of the specialty retailer's stock worth $329,000 after purchasing an additional 47 shares during the last quarter. Haverford Trust Co increased its stake in shares of Tractor Supply by 52.9% in the 3rd quarter. Haverford Trust Co now owns 2,072 shares of the specialty retailer's stock valued at $603,000 after buying an additional 717 shares during the period. Bancreek Capital Management LP raised its position in shares of Tractor Supply by 10.8% during the third quarter. Bancreek Capital Management LP now owns 31,129 shares of the specialty retailer's stock worth $9,056,000 after acquiring an additional 3,043 shares during the last quarter. Aptus Capital Advisors LLC lifted its stake in shares of Tractor Supply by 0.6% during the third quarter. Aptus Capital Advisors LLC now owns 11,120 shares of the specialty retailer's stock valued at $3,235,000 after acquiring an additional 63 shares during the period. Finally, Commonwealth Retirement Investments LLC boosted its holdings in Tractor Supply by 9.0% in the third quarter. Commonwealth Retirement Investments LLC now owns 3,808 shares of the specialty retailer's stock valued at $1,108,000 after acquiring an additional 314 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.

Tractor Supply Stock Down 0.4 %

Shares of Tractor Supply stock traded down $1.23 during trading on Friday, reaching $275.85. The stock had a trading volume of 558,402 shares, compared to its average volume of 1,052,374. 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 market capitalization of $29.47 billion, a price-to-earnings ratio of 27.12, a P/E/G ratio of 3.50 and a beta of 0.82. Tractor Supply has a 52 week low of $193.73 and a 52 week high of $307.64. The stock has a fifty day moving average price of $284.23 and a two-hundred day moving average price of $275.32.

Tractor Supply Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be paid a dividend of $1.10 per share. The ex-dividend date is Monday, November 25th. This represents a $4.40 annualized dividend and a dividend yield of 1.60%. Tractor Supply's dividend payout ratio is currently 42.80%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TSCO. Wells Fargo & Company upped their target price on shares of Tractor Supply from $295.00 to $325.00 and gave the company an "overweight" rating in a research report on Friday, October 11th. DA Davidson raised their price objective on shares of Tractor Supply from $300.00 to $325.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Barclays upped 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 report on Friday, October 25th. Evercore ISI lowered Tractor Supply from an "outperform" rating to an "in-line" rating and set a $300.00 price target on the stock. in a research report on Thursday, October 3rd. Finally, Robert W. Baird set a $320.00 price objective on Tractor Supply in a report on Thursday, October 17th. 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 company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $282.82.

Insider Transactions at Tractor Supply

In related 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 value 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. The trade was a 70.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.24% of the company's stock.

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.