Tractor Supply (NASDAQ:TSCO) CEO Harry A. Lawton III Sells 20,500 Shares

Tractor Supply (NASDAQ:TSCOGet Free Report) CEO Harry A. Lawton III sold 20,500 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $232.93, for a total value of $4,775,065.00. Following the completion of the transaction, the chief executive officer now owns 95,192 shares in the company, valued at $22,173,072.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Tractor Supply Trading Up 0.5 %

Shares of TSCO stock opened at $236.21 on Tuesday. The stock’s 50-day moving average price is $221.51 and its 200-day moving average price is $213.06. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $251.17. The company has a current ratio of 1.50, a quick ratio of 0.28 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $25.54 billion, a price-to-earnings ratio of 23.41, a price-to-earnings-growth ratio of 3.54 and a beta of 0.83.

Tractor Supply (NASDAQ:TSCOGet Free Report) last released its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $2.28 EPS for the quarter, beating the consensus estimate of $2.22 by $0.06. Tractor Supply had a net margin of 7.61% and a return on equity of 53.60%. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same quarter last year, the business earned $2.43 earnings per share. Tractor Supply’s quarterly revenue was down 8.6% compared to the same quarter last year. Equities research analysts predict that Tractor Supply will post 10.18 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th will be paid a dividend of $1.10 per share. This is a boost from Tractor Supply’s previous quarterly dividend of $1.03. This represents a $4.40 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Friday, February 23rd. Tractor Supply’s payout ratio is presently 40.83%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TSCO. Wedbush raised their price target on Tractor Supply from $200.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd. Bank of America downgraded Tractor Supply from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $207.00 to $171.00 in a research report on Friday, December 15th. Morgan Stanley reiterated an “underweight” rating and set a $195.00 target price on shares of Tractor Supply in a research report on Tuesday, January 16th. UBS Group lifted their target price on Tractor Supply from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. Finally, Truist Financial lifted their target price on Tractor Supply from $230.00 to $256.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to, the company has an average rating of “Hold” and a consensus price target of $237.40.

View Our Latest Analysis on TSCO

Institutional Investors Weigh In On Tractor Supply

Several institutional investors have recently modified their holdings of TSCO. Vanguard Group Inc. raised its holdings in Tractor Supply by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 12,833,541 shares of the specialty retailer’s stock valued at $2,994,964,000 after buying an additional 46,672 shares during the period. BlackRock Inc. lifted its holdings in shares of Tractor Supply by 4.4% in the 2nd quarter. BlackRock Inc. now owns 10,080,496 shares of the specialty retailer’s stock worth $2,228,798,000 after acquiring an additional 429,199 shares during the last quarter. State Street Corp boosted its stake in shares of Tractor Supply by 2.4% during the 2nd quarter. State Street Corp now owns 4,568,376 shares of the specialty retailer’s stock worth $1,010,068,000 after purchasing an additional 108,622 shares during the period. Capital World Investors bought a new position in Tractor Supply during the 2nd quarter valued at about $773,292,000. Finally, Capital International Investors raised its position in Tractor Supply by 63.9% in the 2nd quarter. Capital International Investors now owns 3,070,209 shares of the specialty retailer’s stock worth $678,627,000 after purchasing an additional 1,197,419 shares during the period. 90.38% of the stock is owned by institutional investors.

Tractor Supply Company Profile

(Get Free Report)

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.

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Insider Buying and Selling by Quarter for Tractor Supply (NASDAQ:TSCO)

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