Stifel Financial Corp Acquires 2,125 Shares of Tractor Supply (NASDAQ:TSCO)

Stifel Financial Corp grew its position in Tractor Supply (NASDAQ:TSCO - Free Report) by 0.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,651,437 shares of the specialty retailer's stock after buying an additional 2,125 shares during the period. Stifel Financial Corp owned 1.55% of Tractor Supply worth $480,469,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. boosted its stake in Tractor Supply by 527.7% in the second quarter. Assenagon Asset Management S.A. now owns 26,501 shares of the specialty retailer's stock valued at $7,155,000 after acquiring an additional 22,279 shares during the last quarter. Ballentine Partners LLC boosted its position in shares of Tractor Supply by 2.1% in the 2nd quarter. Ballentine Partners LLC now owns 4,504 shares of the specialty retailer's stock worth $1,216,000 after purchasing an additional 93 shares during the last quarter. Silvant Capital Management LLC grew its stake in shares of Tractor Supply by 20.9% during the third quarter. Silvant Capital Management LLC now owns 14,781 shares of the specialty retailer's stock worth $4,300,000 after purchasing an additional 2,556 shares during the period. Blueshift Asset Management LLC increased its holdings in Tractor Supply by 32.7% in the third quarter. Blueshift Asset Management LLC now owns 9,945 shares of the specialty retailer's stock valued at $2,893,000 after purchasing an additional 2,452 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in Tractor Supply during the second quarter worth about $13,353,000. Institutional investors own 98.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TSCO shares. JPMorgan Chase & Co. upped their price target on Tractor Supply from $260.00 to $290.00 and gave the company a "neutral" rating in a research note on Wednesday, October 16th. DA Davidson upped their target price 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. Wedbush reissued a "neutral" rating and issued a $270.00 price target on shares of Tractor Supply in a report on Friday, October 25th. Raymond James raised their price objective on Tractor Supply from $285.00 to $290.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Finally, UBS Group boosted their target price on Tractor Supply from $272.00 to $280.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $282.59.

Insiders Place Their Bets

In related news, CFO Kurt D. Barton sold 23,532 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 9,683 shares in the company, valued at approximately $2,862,682.12. The trade was a 70.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.24% of the company's stock.

Tractor Supply Stock Performance

Shares of TSCO stock traded down $3.39 during trading on Thursday, reaching $282.47. 1,153,156 shares of the company's stock were exchanged, compared to its average volume of 1,049,352. The firm's fifty day moving average price is $285.28 and its 200-day moving average price is $276.09. Tractor Supply has a twelve month low of $206.60 and a twelve month high of $307.64. The stock has a market capitalization of $30.18 billion, a PE ratio of 27.81, a PEG ratio of 3.57 and a beta of 0.83. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be paid a $1.10 dividend. The ex-dividend date is Monday, November 25th. This represents a $4.40 dividend on an annualized basis and a yield of 1.56%. Tractor Supply's dividend payout ratio (DPR) is currently 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.