Oppenheimer & Co. Inc. Acquires 415 Shares of Tractor Supply (NASDAQ:TSCO)

Oppenheimer & Co. Inc. increased its holdings in Tractor Supply (NASDAQ:TSCO) by 5.2% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,431 shares of the specialty retailer’s stock after purchasing an additional 415 shares during the period. Oppenheimer & Co. Inc.’s holdings in Tractor Supply were worth $2,276,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wedmont Private Capital boosted its position in Tractor Supply by 3.6% during the first quarter. Wedmont Private Capital now owns 1,309 shares of the specialty retailer’s stock valued at $331,000 after buying an additional 45 shares during the period. Teachers Retirement System of The State of Kentucky lifted its position in Tractor Supply by 998.2% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 109,403 shares of the specialty retailer’s stock valued at $23,525,000 after purchasing an additional 99,441 shares during the last quarter. Scotia Capital Inc. boosted its stake in shares of Tractor Supply by 792.9% during the fourth quarter. Scotia Capital Inc. now owns 19,438 shares of the specialty retailer’s stock valued at $4,180,000 after purchasing an additional 17,261 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Tractor Supply by 527.7% during 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 purchasing an additional 22,279 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Tractor Supply by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 12,804,873 shares of the specialty retailer’s stock worth $2,753,432,000 after purchasing an additional 48,439 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Insider Activity

In other news, SVP Matthew L. Rubin sold 540 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on TSCO. Loop Capital increased their price target on shares of Tractor Supply from $250.00 to $260.00 and gave the company a “hold” rating in a research report on Friday, September 6th. Evercore ISI lowered their price target on Tractor Supply from $290.00 to $280.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Wells Fargo & Company lifted their price objective on Tractor Supply from $285.00 to $295.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Truist Financial boosted their target price on Tractor Supply from $289.00 to $293.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 price target on shares of Tractor Supply in a report on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $256.72.

Tractor Supply Stock Performance

NASDAQ TSCO opened at $283.39 on Tuesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.43 and a quick ratio of 0.25. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $290.38. The business has a 50 day simple moving average of $267.02 and a two-hundred day simple moving average of $266.20. The stock has a market capitalization of $30.55 billion, a PE ratio of 27.59, a P/E/G ratio of 3.51 and a beta of 0.80.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, meeting analysts’ consensus estimates of $3.93. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.28 billion. During the same period last year, the firm posted $3.83 earnings per share. Tractor Supply’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, research analysts predict that Tractor Supply will post 10.23 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were given 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 1.55%. Tractor Supply’s dividend payout ratio (DPR) is presently 42.84%.

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.