Tractor Supply Company (NASDAQ:TSCO) EVP Sells $390,112.00 in Stock

Tractor Supply Company (NASDAQ:TSCO) EVP Colin Yankee sold 6,680 shares of the firm’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $58.40, for a total transaction of $390,112.00. Following the sale, the executive vice president owned 40,142 shares of the company’s stock, valued at $2,344,292.80. This represents a 14.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Tractor Supply Stock Performance

NASDAQ:TSCO opened at $57.63 on Friday. The company has a fifty day simple moving average of $53.97 and a two-hundred day simple moving average of $53.52. The company has a market cap of $30.56 billion, a price-to-earnings ratio of 28.28, a price-to-earnings-growth ratio of 2.93 and a beta of 0.75. The company has a quick ratio of 0.16, a current ratio of 1.28 and a debt-to-equity ratio of 0.68. Tractor Supply Company has a 52 week low of $46.85 and a 52 week high of $63.99.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $0.81 EPS for the quarter, topping the consensus estimate of $0.80 by $0.01. The business had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.40 billion. Tractor Supply had a net margin of 7.18% and a return on equity of 46.83%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.93 earnings per share. As a group, equities analysts anticipate that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th were paid a $0.23 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $0.92 annualized dividend and a dividend yield of 1.6%. Tractor Supply’s payout ratio is 45.10%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TSCO. UBS Group raised their price target on shares of Tractor Supply from $54.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Piper Sandler raised their price target on shares of Tractor Supply from $66.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Evercore ISI raised their price target on shares of Tractor Supply from $60.00 to $65.00 and gave the stock an “in-line” rating in a report on Friday, July 25th. Guggenheim cut their price target on shares of Tractor Supply from $60.00 to $55.00 and set a “buy” rating for the company in a report on Friday, April 25th. Finally, Wall Street Zen upgraded shares of Tractor Supply from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Nine research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $61.80.

Hedge Funds Weigh In On Tractor Supply

Institutional investors have recently modified their holdings of the business. Coppell Advisory Solutions LLC lifted its position in shares of Tractor Supply by 944.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 470 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 425 shares during the last quarter. GW&K Investment Management LLC lifted its position in shares of Tractor Supply by 89.3% during the 1st quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 226 shares during the last quarter. Dunhill Financial LLC lifted its position in shares of Tractor Supply by 325.8% during the 4th quarter. Dunhill Financial LLC now owns 511 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 391 shares during the last quarter. Pacific Center for Financial Services lifted its position in shares of Tractor Supply by 400.0% during the 4th quarter. Pacific Center for Financial Services now owns 550 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 440 shares during the last quarter. Finally, LRI Investments LLC lifted its position in shares of Tractor Supply by 400.0% during the 4th quarter. LRI Investments LLC now owns 615 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 492 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Company 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.