James Investment Research Inc. Has $1.58 Million Stock Position in Tractor Supply (NASDAQ:TSCO)

James Investment Research Inc. cut its holdings in Tractor Supply (NASDAQ:TSCO) by 4.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 5,433 shares of the specialty retailer’s stock after selling 249 shares during the quarter. James Investment Research Inc.’s holdings in Tractor Supply were worth $1,581,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of TSCO. First Trust Direct Indexing L.P. increased its holdings in shares of Tractor Supply by 11.8% during the first quarter. First Trust Direct Indexing L.P. now owns 2,908 shares of the specialty retailer’s stock worth $761,000 after purchasing an additional 306 shares during the period. Norden Group LLC increased its stake in Tractor Supply by 53.5% during the 1st quarter. Norden Group LLC now owns 3,730 shares of the specialty retailer’s stock worth $976,000 after acquiring an additional 1,300 shares during the period. Private Advisor Group LLC raised its holdings in Tractor Supply by 9.0% in the 1st quarter. Private Advisor Group LLC now owns 7,116 shares of the specialty retailer’s stock valued at $1,862,000 after acquiring an additional 589 shares in the last quarter. Diversify Advisory Services LLC bought a new stake in shares of Tractor Supply during the 1st quarter valued at $497,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Tractor Supply by 3.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,043 shares of the specialty retailer’s stock worth $8,648,000 after purchasing an additional 1,152 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tractor Supply

In related news, CFO Kurt D. Barton sold 23,532 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total value of $6,957,000.48. Following the transaction, the chief financial officer now owns 9,683 shares in the company, valued at $2,862,682.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Matthew L. Rubin sold 540 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $262.35, for a total value 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 trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the completion of the sale, the chief financial officer now owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on TSCO shares. Barclays boosted their price target on Tractor Supply from $240.00 to $250.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Benchmark boosted their target price on shares of Tractor Supply from $280.00 to $310.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Evercore ISI lowered shares of 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. Robert W. Baird set a $320.00 price objective on shares of Tractor Supply in a research report on Thursday, October 17th. Finally, Wells Fargo & Company upped their target price on Tractor Supply from $295.00 to $325.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Tractor Supply presently has a consensus rating of “Hold” and an average target price of $282.82.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $266.57 on Friday. The stock has a market capitalization of $28.75 billion, a PE ratio of 25.93, a PEG ratio of 3.33 and a beta of 0.82. The business’s 50 day simple moving average is $282.42 and its 200 day simple moving average is $273.71. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17. Tractor Supply has a one year low of $191.38 and a one year high of $307.64.

Tractor Supply Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Monday, August 26th. Tractor Supply’s dividend payout ratio is currently 42.80%.

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.