Tractor Supply (NASDAQ:TSCO) CFO Sells $1,114,095.00 in Stock

Tractor Supply (NASDAQ:TSCOGet Free Report) CFO Kurt D. Barton sold 4,335 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $257.00, for a total value of $1,114,095.00. Following the completion of the transaction, the chief financial officer now owns 20,678 shares of the company’s stock, valued at $5,314,246. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Tractor Supply Stock Performance

TSCO stock opened at $266.17 on Friday. The firm has a market cap of $28.73 billion, a PE ratio of 26.38, a P/E/G ratio of 3.86 and a beta of 0.84. The company has a quick ratio of 0.28, a current ratio of 1.50 and a debt-to-equity ratio of 0.82. The business has a 50 day moving average of $239.72 and a 200-day moving average of $218.43. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $268.02.

Tractor Supply (NASDAQ:TSCOGet Free Report) last released its earnings results on Thursday, February 1st. The specialty retailer reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.06. The company had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.67 billion. Tractor Supply had a return on equity of 53.60% and a net margin of 7.61%. Tractor Supply’s quarterly revenue was down 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.43 earnings per share. As a group, sell-side analysts expect that Tractor Supply will post 10.17 earnings per share for the current year.

Tractor Supply Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.65%. This is a positive change from Tractor Supply’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Friday, February 23rd. Tractor Supply’s dividend payout ratio is 43.61%.

Wall Street Analyst Weigh In

TSCO has been the subject of a number of analyst reports. Stephens downgraded Tractor Supply from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $226.00 to $240.00 in a research note on Tuesday, January 23rd. Morgan Stanley reiterated an “underweight” rating and set a $195.00 target price on shares of Tractor Supply in a research note on Tuesday, January 16th. Guggenheim lifted their target price on Tractor Supply from $210.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Wells Fargo & Company lifted their target price on Tractor Supply from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Monday, January 22nd. Finally, The Goldman Sachs Group lifted their target price on Tractor Supply from $230.00 to $262.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Tractor Supply has an average rating of “Hold” and a consensus target price of $236.09.

Check Out Our Latest Stock Report on TSCO

Hedge Funds Weigh In On Tractor Supply

Institutional investors and hedge funds have recently bought and sold shares of the company. Synovus Financial Corp lifted its position in shares of Tractor Supply by 1.9% during the first quarter. Synovus Financial Corp now owns 5,006 shares of the specialty retailer’s stock worth $1,166,000 after acquiring an additional 93 shares in the last quarter. Cibc World Market Inc. grew its stake in shares of Tractor Supply by 10.4% in the first quarter. Cibc World Market Inc. now owns 12,622 shares of the specialty retailer’s stock worth $2,946,000 after purchasing an additional 1,186 shares during the last quarter. Sei Investments Co. grew its stake in shares of Tractor Supply by 12.1% in the first quarter. Sei Investments Co. now owns 75,163 shares of the specialty retailer’s stock worth $17,565,000 after purchasing an additional 8,129 shares during the last quarter. Prudential PLC bought a new stake in shares of Tractor Supply in the first quarter worth about $611,000. Finally, Cetera Investment Advisers grew its stake in shares of Tractor Supply by 15.8% in the first quarter. Cetera Investment Advisers now owns 6,238 shares of the specialty retailer’s stock worth $1,456,000 after purchasing an additional 849 shares during the last quarter. 90.38% of the stock is owned by institutional investors.

About Tractor Supply

(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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