Tractor Supply (NASDAQ:TSCO) CFO Kurt D. Barton Sells 23,532 Shares

Tractor Supply (NASDAQ:TSCO) CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total value of $6,957,000.48. Following the sale, the chief financial officer now directly owns 9,683 shares in the company, valued at $2,862,682.12. The sale was disclosed in a filing with the SEC, which is available through this link.

Tractor Supply Stock Performance

Tractor Supply stock traded down $6.22 during midday trading on Thursday, hitting $291.85. 1,443,270 shares of the company were exchanged, compared to its average volume of 1,062,176. The firm has a market capitalization of $31.46 billion, a PE ratio of 28.29, a price-to-earnings-growth ratio of 3.59 and a beta of 0.80. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $298.36. The business has a fifty day simple moving average of $270.35 and a two-hundred day simple moving average of $268.71. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.25 and a current ratio of 1.43.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, hitting the consensus estimate of $3.93. The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. Tractor Supply’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the company earned $3.83 earnings per share. On average, sell-side analysts forecast that Tractor Supply will post 10.23 earnings per share for the current year.

Tractor Supply Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.51%. The ex-dividend date was Monday, August 26th. Tractor Supply’s dividend payout ratio (DPR) is 42.84%.

Institutional Trading of Tractor Supply

Several hedge funds and other institutional investors have recently bought and sold shares of TSCO. Czech National Bank grew its holdings in Tractor Supply by 7.0% in the third quarter. Czech National Bank now owns 21,974 shares of the specialty retailer’s stock valued at $6,393,000 after purchasing an additional 1,429 shares during the period. Sanctuary Advisors LLC acquired a new stake in Tractor Supply in the second quarter valued at approximately $13,353,000. Clearbridge Investments LLC grew its holdings in Tractor Supply by 67.4% in the second quarter. Clearbridge Investments LLC now owns 403,710 shares of the specialty retailer’s stock valued at $109,002,000 after purchasing an additional 162,533 shares during the period. Fiera Capital Corp grew its holdings in Tractor Supply by 41.8% in the second quarter. Fiera Capital Corp now owns 25,521 shares of the specialty retailer’s stock valued at $6,891,000 after purchasing an additional 7,523 shares during the period. Finally, Quarry LP grew its holdings in Tractor Supply by 7,700.0% in the second quarter. Quarry LP now owns 156 shares of the specialty retailer’s stock valued at $42,000 after purchasing an additional 154 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TSCO shares. Wells Fargo & Company boosted their target price on Tractor Supply from $285.00 to $295.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. Wedbush reissued a “neutral” rating and set a $270.00 price target on shares of Tractor Supply in a research report on Friday, July 26th. Melius Research initiated coverage on Tractor Supply in a research note on Monday, September 23rd. They set a “buy” rating and a $315.00 price objective for the company. Truist Financial upped their price objective on Tractor Supply from $289.00 to $293.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Evercore ISI cut Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 price objective for the company. in a research note on Thursday. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $261.70.

About Tractor Supply

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.