Kurt Barton Sells 1,884 Shares of Tractor Supply (NASDAQ:TSCO) Stock

Tractor Supply Company (NASDAQ:TSCO) CFO Kurt Barton sold 1,884 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $53.81, for a total value of $101,378.04. Following the completion of the transaction, the chief financial officer owned 52,562 shares of the company’s stock, valued at approximately $2,828,361.22. This represents a 3.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Tractor Supply Price Performance

Shares of Tractor Supply stock traded down $0.12 on Thursday, reaching $54.41. The stock had a trading volume of 5,824,201 shares, compared to its average volume of 8,296,703. The business’s 50 day moving average is $52.34 and its two-hundred day moving average is $55.47. The company has a current ratio of 1.34, a quick ratio of 0.16 and a debt-to-equity ratio of 0.70. Tractor Supply Company has a 1 year low of $46.85 and a 1 year high of $63.99. The company has a market cap of $28.75 billion, a P/E ratio of 26.29, a price-to-earnings-growth ratio of 2.71 and a beta of 0.74.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, January 29th. The specialty retailer reported $0.43 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.03). The firm had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $4.03 billion. Tractor Supply had a net margin of 7.06% and a return on equity of 44.36%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.44 earnings per share. As a group, research analysts anticipate that Tractor Supply Company will post 2.17 EPS for the current 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 given a dividend of $0.24 per share. This is a boost from Tractor Supply’s previous quarterly dividend of $0.23. The ex-dividend date is Tuesday, February 24th. This represents a $0.96 annualized dividend and a dividend yield of 1.8%. Tractor Supply’s dividend payout ratio is currently 44.44%.

Analyst Ratings Changes

A number of brokerages recently commented on TSCO. The Goldman Sachs Group set a $59.00 target price on shares of Tractor Supply and gave the stock a “buy” rating in a research report on Friday, January 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Tractor Supply in a research note on Monday, December 29th. Zacks Research lowered Tractor Supply from a “hold” rating to a “strong sell” rating in a research note on Monday, February 2nd. DA Davidson reaffirmed a “buy” rating and issued a $60.00 target price on shares of Tractor Supply in a research note on Friday, January 30th. Finally, Truist Financial set a $55.00 price target on shares of Tractor Supply and gave the company a “hold” rating in a research report on Friday, January 16th. Fifteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $59.78.

Institutional Trading of Tractor Supply

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bison Wealth LLC grew its holdings in Tractor Supply by 356.1% in the fourth quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock worth $341,000 after purchasing an additional 5,017 shares during the period. Woodline Partners LP boosted its holdings in Tractor Supply by 40.7% in the first quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer’s stock worth $2,487,000 after acquiring an additional 13,051 shares in the last quarter. Intech Investment Management LLC grew its stake in shares of Tractor Supply by 26.9% in the first quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer’s stock worth $1,442,000 after acquiring an additional 5,542 shares during the last quarter. Johnson Investment Counsel Inc. increased its holdings in shares of Tractor Supply by 12.3% during the second quarter. Johnson Investment Counsel Inc. now owns 12,552 shares of the specialty retailer’s stock valued at $662,000 after acquiring an additional 1,376 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Tractor Supply by 56.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 111,118 shares of the specialty retailer’s stock worth $6,009,000 after purchasing an additional 40,174 shares during the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

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.