Janney Montgomery Scott LLC Has $9.46 Million Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Janney Montgomery Scott LLC decreased its position in Tractor Supply (NASDAQ:TSCO) by 27.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new position in Tractor Supply during the third quarter worth about $29,000. LRI Investments LLC acquired a new stake in shares of Tractor Supply during the first quarter worth about $28,000. Whittier Trust Co. raised its position in shares of Tractor Supply by 60.9% during the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 42 shares during the period. J.Safra Asset Management Corp grew its position in shares of Tractor Supply by 700.0% in the 1st quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 98 shares during the period. Finally, OFI Invest Asset Management bought a new stake in Tractor Supply during the 2nd quarter worth approximately $33,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Price Performance

NASDAQ:TSCO opened at $289.29 on Friday. Tractor Supply has a 12-month low of $193.60 and a 12-month high of $307.64. The firm has a market capitalization of $31.21 billion, a price-to-earnings ratio of 28.14, a P/E/G ratio of 3.39 and a beta of 0.82. The stock’s 50 day moving average price is $283.07 and its two-hundred day moving average price is $274.63. 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.52%. Tractor Supply’s dividend payout ratio (DPR) is 42.80%.

Insider Buying and Selling

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the company’s stock in a transaction 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 directly owns 5,170 shares of the company’s stock, valued at $1,356,349.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CFO Kurt D. Barton sold 23,532 shares of the firm’s 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 directly owns 9,683 shares of the company’s stock, valued at $2,862,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Matthew L. Rubin sold 540 shares of the company’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 transaction 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 currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Raymond James lifted their price target on shares of Tractor Supply from $285.00 to $290.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. DA Davidson boosted their price objective on shares of Tractor Supply from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Wedbush reiterated a “neutral” rating and set a $270.00 target price on shares of Tractor Supply in a report on Friday, October 25th. Piper Sandler lifted their target price on Tractor Supply from $300.00 to $332.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Finally, UBS Group raised their price target on shares of Tractor Supply from $272.00 to $280.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Tractor Supply has a consensus rating of “Hold” and an average price target of $282.82.

Tractor Supply 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.