Tractor Supply (NASDAQ:TSCO) EVP Jonathan Estep Sells 59,745 Shares

Tractor Supply Company (NASDAQ:TSCO) EVP Jonathan Estep sold 59,745 shares of the business’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $54.03, for a total value of $3,228,022.35. Following the sale, the executive vice president owned 80,931 shares of the company’s stock, valued at approximately $4,372,701.93. This represents a 42.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Tractor Supply Stock Performance

Shares of TSCO traded down $0.12 on Thursday, reaching $54.41. The company’s stock had a trading volume of 5,824,201 shares, compared to its average volume of 8,296,703. The stock’s 50 day simple moving average is $52.34 and its two-hundred day simple moving average is $55.47. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.34 and a quick ratio of 0.16. The stock has a market capitalization of $28.75 billion, a P/E ratio of 26.29, a PEG ratio of 2.71 and a beta of 0.74. Tractor Supply Company has a 12-month low of $46.85 and a 12-month high of $63.99.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, January 29th. The specialty retailer reported $0.43 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.03). Tractor Supply had a return on equity of 44.36% and a net margin of 7.06%.The company had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $4.03 billion. During the same period last year, the business earned $0.44 EPS. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. Research analysts forecast that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th will be given a $0.24 dividend. The ex-dividend date is Tuesday, February 24th. This is an increase from Tractor Supply’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.8%. Tractor Supply’s dividend payout ratio (DPR) is currently 44.44%.

Hedge Funds Weigh In On Tractor Supply

Large investors have recently modified their holdings of the stock. Garner Asset Management Corp purchased a new position in Tractor Supply in the fourth quarter valued at about $25,000. Delos Wealth Advisors LLC purchased a new position in Tractor Supply during the 2nd quarter worth approximately $26,000. Aventura Private Wealth LLC purchased a new stake in Tractor Supply in the fourth quarter valued at $27,000. Core Wealth Advisors LLC acquired a new stake in Tractor Supply during the fourth quarter worth about $27,000. Finally, JPL Wealth Management LLC acquired a new position in shares of Tractor Supply in the 3rd quarter valued at $28,000. Institutional investors own 98.72% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TSCO shares. The Goldman Sachs Group set a $59.00 target price on shares of Tractor Supply and gave the company a “buy” rating in a research note on Friday, January 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Tractor Supply in a research report on Monday, December 29th. Piper Sandler cut their target price on Tractor Supply from $67.00 to $59.00 and set an “overweight” rating for the company in a research report on Friday, January 30th. Morgan Stanley decreased their target price on Tractor Supply from $60.00 to $57.00 and set an “equal weight” rating on the stock in a research note on Friday, January 30th. Finally, Truist Financial set a $55.00 price target on Tractor Supply and gave the stock a “hold” rating in a research note on Friday, January 16th. Fifteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.78.

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.