Tractor Supply Company $TSCO Stock Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. increased its position in Tractor Supply Company (NASDAQ:TSCO) by 59.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,820 shares of the specialty retailer’s stock after purchasing an additional 26,637 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Tractor Supply were worth $2,247,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Park Avenue Securities LLC acquired a new stake in shares of Tractor Supply during the third quarter worth $230,000. V Square Quantitative Management LLC grew its position in shares of Tractor Supply by 9.9% in the third quarter. V Square Quantitative Management LLC now owns 30,721 shares of the specialty retailer’s stock valued at $961,000 after purchasing an additional 2,778 shares during the last quarter. Community Financial Services Group LLC grew its stake in shares of Tractor Supply by 44.0% in the third quarter. Community Financial Services Group LLC now owns 1,202 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 367 shares in the last quarter. Polaris Financial Partners bought a new position in Tractor Supply during the 3rd quarter worth $106,000. Finally, CX Institutional increased its stake in Tractor Supply by 5.3% in the third quarter. CX Institutional now owns 10,301 shares of the specialty retailer’s stock valued at $322,000 after acquiring an additional 518 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Activity at Tractor Supply

In other news, Director Andre Hawaux bought 3,150 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were acquired at an average price of $31.83 per share, for a total transaction of $100,264.50. Following the completion of the acquisition, the director directly owned 3,150 shares in the company, valued at approximately $100,264.50. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Harry Lawton, III purchased 15,600 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were purchased at an average cost of $32.15 per share, for a total transaction of $501,540.00. Following the transaction, the chief executive officer directly owned 15,600 shares of the company’s stock, valued at approximately $501,540. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 20,310 shares of company stock worth $652,411 over the last quarter. Company insiders own 0.64% of the company’s stock.

Tractor Supply Price Performance

Tractor Supply stock opened at $33.94 on Friday. The stock’s 50 day moving average is $33.29 and its 200 day moving average is $38.27. Tractor Supply Company has a one year low of $28.36 and a one year high of $56.94. The firm has a market cap of $17.80 billion, a P/E ratio of 18.25, a P/E/G ratio of 3.52 and a beta of 0.52. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.38 and a quick ratio of 0.20.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, October 22nd. The specialty retailer reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. The business had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.82 billion. Tractor Supply had a net margin of 6.13% and a return on equity of 40.05%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 EPS. As a group, research analysts expect that Tractor Supply Company will post 1.94 EPS for the current year.

Tractor Supply Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Monday, August 24th. Tractor Supply’s dividend payout ratio (DPR) is currently 51.61%.

Analysts Set New Price Targets

A number of analysts have weighed in on TSCO shares. Raymond James Financial decreased their target price on shares of Tractor Supply from $48.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, July 17th. Zacks Research upgraded Tractor Supply from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Robert W. Baird raised their price objective on Tractor Supply from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, October 23rd. Guggenheim set a $40.00 target price on Tractor Supply and gave the stock a “buy” rating in a report on Friday, July 24th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $36.00 target price (up from $35.00) on shares of Tractor Supply in a research report on Monday, October 19th. Thirteen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $38.62.

Tractor Supply Profile

Tractor Supply Company (NASDAQ:TSCO) is a specialty retailer serving the needs of farmers, ranchers, hobby farmers, pet owners, gardeners and other rural lifestyle customers. The company operates under the Tractor Supply banner and focuses on products that support everyday rural living, land maintenance and animal care.

Its merchandise includes livestock and pet feed, animal health and care products, fencing, hardware, tools, power equipment, lawn and garden supplies, work clothing, footwear, automotive products and seasonal goods.