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

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 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 in the company, valued at approximately $2,862,682.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Tractor Supply Trading Down 2.1 %

Tractor Supply stock opened at $291.85 on Friday. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $298.36. The firm’s fifty day moving average price is $270.35 and its 200-day moving average price is $268.71. The stock has a market cap of $31.46 billion, a P/E ratio of 28.42, a PEG ratio of 3.59 and a beta of 0.80. 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 announced its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $3.93. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.28 billion. During the same period in the previous year, the business earned $3.83 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. Equities research analysts forecast that Tractor Supply will post 10.23 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TSCO. Future Financial Wealth Managment LLC purchased a new position in Tractor Supply in the first quarter worth $26,000. Rise Advisors LLC boosted its position in Tractor Supply by 157.1% during the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 66 shares during the period. LRI Investments LLC purchased a new stake in Tractor Supply during the first quarter valued at about $28,000. J.Safra Asset Management Corp boosted its position in Tractor Supply by 700.0% during the first quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 98 shares during the period. Finally, Whittier Trust Co. boosted its position in Tractor Supply by 60.9% during the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 42 shares during the period. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on TSCO. Evercore ISI downgraded Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 price objective on the stock. in a research note on Thursday. Benchmark reiterated a “buy” rating and issued a $280.00 price objective on shares of Tractor Supply in a research note on Monday. Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 price objective on shares of Tractor Supply in a research note on Thursday, July 25th. Wedbush reissued a “neutral” rating and set a $270.00 target price on shares of Tractor Supply in a report on Friday, July 26th. Finally, Melius Research assumed coverage on shares of Tractor Supply in a report on Monday, September 23rd. They set a “buy” rating and a $315.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Tractor Supply currently has a consensus rating of “Hold” and a consensus target price 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.