Tractor Supply (NASDAQ:TSCO) EVP Robert Mills Sells 62,950 Shares

Tractor Supply Company (NASDAQ:TSCO) EVP Robert Mills sold 62,950 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $54.12, for a total transaction of $3,406,854.00. Following the transaction, the executive vice president directly owned 122,834 shares of the company’s stock, valued at approximately $6,647,776.08. This represents a 33.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Tractor Supply Trading Down 0.2%

Tractor Supply stock traded down $0.12 during trading on Thursday, reaching $54.41. The company had a trading volume of 5,824,201 shares, compared to its average volume of 8,296,703. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.16 and a current ratio of 1.34. The firm has a market capitalization of $28.75 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 2.71 and a beta of 0.74. Tractor Supply Company has a 12-month low of $46.85 and a 12-month high of $63.99. The stock’s 50 day moving average price is $52.34 and its two-hundred day moving average price is $55.47.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, January 29th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.03). The company had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $4.03 billion. Tractor Supply had a net margin of 7.06% and a return on equity of 44.36%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 earnings per share. As a group, equities analysts expect that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th will be issued a $0.24 dividend. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.23. The ex-dividend date is Tuesday, February 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.8%. Tractor Supply’s dividend payout ratio (DPR) is 44.44%.

Wall Street Analyst Weigh In

TSCO has been the topic of several research reports. TD Cowen cut their price target on shares of Tractor Supply from $55.00 to $53.00 and set a “hold” rating on the stock in a report on Friday, January 30th. Jefferies Financial Group cut their target price on shares of Tractor Supply from $63.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Truist Financial set a $55.00 price target on shares of Tractor Supply and gave the stock a “hold” rating in a research report on Friday, January 16th. Citigroup reiterated a “buy” rating and issued a $61.00 price target (down from $66.00) on shares of Tractor Supply in a report on Friday, January 16th. Finally, DA Davidson restated a “buy” rating and set a $60.00 price objective on shares of Tractor Supply in a research note on Friday, January 30th. Fifteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.78.

Hedge Funds Weigh In On Tractor Supply

Several hedge funds and other institutional investors have recently modified their holdings of TSCO. Invesco Ltd. lifted its position in Tractor Supply by 123.4% in the second quarter. Invesco Ltd. now owns 15,079,313 shares of the specialty retailer’s stock worth $795,735,000 after purchasing an additional 8,329,462 shares during the period. Norges Bank bought a new stake in shares of Tractor Supply in the 4th quarter worth $303,862,000. Victory Capital Management Inc. lifted its holdings in shares of Tractor Supply by 719.1% in the third quarter. Victory Capital Management Inc. now owns 4,508,661 shares of the specialty retailer’s stock valued at $256,408,000 after buying an additional 3,958,205 shares during the period. Select Equity Group L.P. boosted its stake in Tractor Supply by 41.9% during the second quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer’s stock valued at $670,887,000 after buying an additional 3,753,414 shares in the last quarter. Finally, APG Asset Management N.V. grew its holdings in Tractor Supply by 505.1% during the third quarter. APG Asset Management N.V. now owns 4,329,556 shares of the specialty retailer’s stock worth $246,222,000 after acquiring an additional 3,614,097 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Company Profile

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.