Traders bought shares of Tractor Supply (NASDAQ:TSCO) on weakness during trading hours on Wednesday after an insider sold shares in the company. $61.96 million flowed into the stock on the tick-up and $23.98 million flowed out of the stock on the tick-down, for a money net flow of $37.98 million into the stock. Of all companies tracked, Tractor Supply had the 20th highest net in-flow for the day. Tractor Supply traded down ($1.58) for the day and closed at $94.19Specifically, CFO Kurt D. Barton sold 6,156 shares of the business’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $84.50, for a total value of $520,182.00. Following the completion of the transaction, the chief financial officer now directly owns 32,327 shares in the company, valued at approximately $2,731,631.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory A. Sandfort sold 140,709 shares of the business’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $90.28, for a total value of $12,703,208.52. Following the completion of the transaction, the chief executive officer now owns 118,845 shares of the company’s stock, valued at $10,729,326.60. The disclosure for this sale can be found here. Insiders sold a total of 244,626 shares of company stock valued at $22,232,974 over the last quarter. 1.60% of the stock is currently owned by insiders.

TSCO has been the subject of a number of research reports. BidaskClub upgraded shares of Tractor Supply from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. Telsey Advisory Group raised their price objective on shares of Tractor Supply from $70.00 to $72.00 and gave the company a “market perform” rating in a report on Thursday, July 19th. Wells Fargo & Co reiterated a “buy” rating on shares of Tractor Supply in a report on Thursday, July 26th. Wolfe Research lowered shares of Tractor Supply from an “outperform” rating to a “market perform” rating in a report on Friday, July 27th. Finally, Piper Jaffray Companies raised their price objective on shares of Tractor Supply from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, July 27th. Ten equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $87.73.

The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.21 and a current ratio of 1.99. The firm has a market capitalization of $11.72 billion, a PE ratio of 28.02, a P/E/G ratio of 1.84 and a beta of 1.22.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, October 25th. The specialty retailer reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.08. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.82 billion. Tractor Supply had a net margin of 6.54% and a return on equity of 36.23%. As a group, equities analysts forecast that Tractor Supply will post 4.29 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 11th. Stockholders of record on Monday, November 26th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Friday, November 23rd. Tractor Supply’s dividend payout ratio (DPR) is 37.24%.

Several hedge funds have recently made changes to their positions in TSCO. Millennium Management LLC grew its position in shares of Tractor Supply by 104.5% during the 1st quarter. Millennium Management LLC now owns 3,741 shares of the specialty retailer’s stock worth $236,000 after buying an additional 86,990 shares during the period. Principal Financial Group Inc. raised its position in Tractor Supply by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 196,559 shares of the specialty retailer’s stock valued at $12,388,000 after purchasing an additional 850 shares in the last quarter. IFM Investors Pty Ltd raised its position in Tractor Supply by 44.2% during the 2nd quarter. IFM Investors Pty Ltd now owns 5,896 shares of the specialty retailer’s stock valued at $451,000 after purchasing an additional 1,807 shares in the last quarter. State of Alaska Department of Revenue raised its position in Tractor Supply by 44.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 33,090 shares of the specialty retailer’s stock valued at $2,530,000 after purchasing an additional 10,210 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. raised its position in Tractor Supply by 12.3% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 47,533 shares of the specialty retailer’s stock valued at $3,635,000 after purchasing an additional 5,214 shares in the last quarter. 82.52% of the stock is owned by institutional investors.

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About Tractor Supply (NASDAQ:TSCO)

Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.

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