Tractor Supply (NASDAQ:TSCO) Shares to Split on Friday, December 20th

Shares of Tractor Supply (NASDAQ:TSCO) are set to split before the market opens on Friday, December 20th. The 5-1 split was announced on Thursday, December 5th. The newly issued shares will be payable to shareholders after the closing bell on Thursday, December 19th.

Tractor Supply Stock Performance

Shares of NASDAQ:TSCO opened at $282.46 on Friday. The firm’s 50 day simple moving average is $285.15 and its 200-day simple moving average is $276.05. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48. Tractor Supply has a one year low of $207.00 and a one year high of $307.64. The firm has a market cap of $30.18 billion, a PE ratio of 27.48, a price-to-earnings-growth ratio of 3.58 and a beta of 0.83.

Tractor Supply Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $4.40 annualized dividend and a yield of 1.56%. Tractor Supply’s payout ratio is currently 42.80%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TSCO shares. Mizuho increased their price target on Tractor Supply from $250.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Barclays increased their target price on shares of Tractor Supply from $240.00 to $250.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Wedbush restated a “neutral” rating and issued a $270.00 price target on shares of Tractor Supply in a report on Friday, October 25th. Benchmark lifted their price objective on shares of Tractor Supply from $280.00 to $310.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, Evercore ISI raised Tractor Supply from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $282.59.

Insider Activity at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the firm’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 of the company’s stock, valued at approximately $2,862,682.12. This trade represents a 70.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Future Financial Wealth Managment LLC acquired a new position in Tractor Supply during the third quarter worth $29,000. First Personal Financial Services purchased a new stake in shares of Tractor Supply during the third quarter worth about $29,000. Whittier Trust Co. raised its position in shares of Tractor Supply by 60.9% during the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 42 shares during the last quarter. Providence Capital Advisors LLC purchased a new position in Tractor Supply in the 3rd quarter valued at about $32,000. Finally, OFI Invest Asset Management acquired a new stake in Tractor Supply in the 2nd quarter worth about $33,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

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.