Tractor Supply (NASDAQ:TSCO) Shares Acquired Rep. Jared Moskowitz

Representative Jared Moskowitz (D-Florida) recently bought shares of Tractor Supply (NASDAQ:TSCO). In a filing disclosed on December 09th, the Representative disclosed that they had bought between $1,001 and $15,000 in Tractor Supply stock on November 8th. The trade occurred in the Representative’s “MORGAN STANLEY ACTIVE ASSETS (6)” account.

Representative Jared Moskowitz also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Atmos Energy (NYSE:ATO) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of Elevance Health (NYSE:ELV) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of QUALCOMM (NASDAQ:QCOM) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of McDonald’s (NYSE:MCD) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOG) on 11/8/2024.
• Sold $50,001 – $100,000 in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) on 11/8/2024.
• Sold $15,001 – $50,000 in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) on 11/8/2024.

Tractor Supply Trading Up 0.3 %

Shares of NASDAQ TSCO opened at $284.71 on Wednesday. Tractor Supply has a twelve month low of $209.00 and a twelve month high of $307.64. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81. The business has a fifty day simple moving average of $284.80 and a two-hundred day simple moving average of $276.03. The firm has a market cap of $30.42 billion, a PE ratio of 27.70, a price-to-earnings-growth ratio of 3.54 and a beta of 0.83.

Tractor Supply’s stock is set to split on the morning of Friday, December 20th. The 5-1 split was announced on Thursday, December 5th. The newly created shares will be payable to shareholders after the market closes on Thursday, December 19th.

Tractor Supply Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were paid a $1.10 dividend. The ex-dividend date was Monday, November 25th. This represents a $4.40 dividend on an annualized basis and a yield of 1.55%. Tractor Supply’s dividend payout ratio is currently 42.80%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TSCO shares. Barclays upped their price target on Tractor Supply from $250.00 to $262.00 and gave the stock an “equal weight” rating in a research report on Monday. Wedbush restated a “neutral” rating and set a $270.00 target price on shares of Tractor Supply in a research report on Friday, October 25th. UBS Group lifted their price objective on Tractor Supply from $272.00 to $280.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Telsey Advisory Group restated an “outperform” rating and issued a $335.00 target price on shares of Tractor Supply in a research note on Friday, December 6th. Finally, Evercore ISI upgraded Tractor Supply from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 15th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $283.14.

Insiders Place Their Bets

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 shares were sold at an average price of $295.64, for a total value of $6,957,000.48. Following the completion of the transaction, the chief financial officer now owns 9,683 shares of the company’s stock, valued at $2,862,682.12. This trade represents a 70.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.24% of the stock is owned by insiders.

Institutional Trading of Tractor Supply

Several institutional investors have recently made changes to their positions in the company. CWM LLC boosted its stake in Tractor Supply by 3.1% during the second quarter. CWM LLC now owns 2,554 shares of the specialty retailer’s stock worth $689,000 after buying an additional 76 shares during the period. Czech National Bank lifted its holdings in shares of Tractor Supply by 8.0% in the 2nd quarter. Czech National Bank now owns 20,545 shares of the specialty retailer’s stock worth $5,547,000 after acquiring an additional 1,523 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Tractor Supply by 3.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 19,057 shares of the specialty retailer’s stock worth $5,145,000 after purchasing an additional 668 shares during the period. Wedmont Private Capital raised its position in Tractor Supply by 22.2% in the second quarter. Wedmont Private Capital now owns 1,600 shares of the specialty retailer’s stock valued at $434,000 after purchasing an additional 291 shares during the period. Finally, Burke & Herbert Bank & Trust Co. purchased a new stake in Tractor Supply in the second quarter valued at approximately $271,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

About Representative Moskowitz

Jared Evan Moskowitz (Democratic Party) is a member of the U.S. House, representing Florida’s 23rd Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2025. Moskowitz (Democratic Party) is running for re-election to the U.S. House to represent Florida’s 23rd Congressional District. He declared candidacy for the Democratic primary scheduled on August 20, 2024. Moskowitz resigned his state House seat on January 11, 2019, to head the state’s Division of Emergency Management. Jared Evan Moskowitz was born in Coral Springs, Florida. Moskowitz graduated from Marjory Stoneman Douglas High School. He earned a bachelor’s degree in political science and government from George Washington University in 2003 and a law degree from Nova Southeastern University in 2007. Moskowitz’s career experience includes working as the director of the Florida Division of Emergency Management and general counsel with AshBritt Inc.

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.