BidaskClub downgraded shares of Tractor Supply (NASDAQ:TSCO) from a hold rating to a sell rating in a research note published on Saturday.
TSCO has been the subject of a number of other reports. Northcoast Research reiterated a buy rating on shares of Tractor Supply in a research report on Wednesday, January 3rd. Wolfe Research upgraded shares of Tractor Supply from a market perform rating to an outperform rating in a research report on Wednesday, December 20th. Guggenheim reiterated a buy rating and set a $88.00 price target on shares of Tractor Supply in a research report on Tuesday, January 16th. KeyCorp reiterated a hold rating on shares of Tractor Supply in a research report on Friday, November 10th. Finally, Sanford C. Bernstein reiterated a buy rating on shares of Tractor Supply in a research report on Tuesday, February 27th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $73.67.
Shares of Tractor Supply (NASDAQ TSCO) traded up $0.93 during trading hours on Friday, reaching $65.34. 915,388 shares of the company were exchanged, compared to its average volume of 1,600,811. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.24 and a current ratio of 1.95. The firm has a market capitalization of $8,175.14, a P/E ratio of 19.80, a P/E/G ratio of 1.20 and a beta of 1.27. Tractor Supply has a 1 year low of $49.87 and a 1 year high of $82.68.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Monday, February 26th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $1.08 annualized dividend and a dividend yield of 1.65%. Tractor Supply’s dividend payout ratio is currently 32.73%.
In related news, Director Edna Morris sold 1,054 shares of Tractor Supply stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $67.07, for a total transaction of $70,691.78. Following the completion of the transaction, the director now directly owns 10,949 shares in the company, valued at approximately $734,349.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Steve K. Barbarick sold 43,076 shares of Tractor Supply stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $69.03, for a total value of $2,973,536.28. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Strs Ohio raised its position in shares of Tractor Supply by 248.4% during the 3rd quarter. Strs Ohio now owns 5,818 shares of the specialty retailer’s stock worth $368,000 after purchasing an additional 4,148 shares during the last quarter. IFM Investors Pty Ltd purchased a new stake in Tractor Supply in the 3rd quarter worth approximately $259,000. Nordea Investment Management AB grew its stake in Tractor Supply by 7.3% in the 3rd quarter. Nordea Investment Management AB now owns 64,781 shares of the specialty retailer’s stock worth $4,100,000 after acquiring an additional 4,396 shares during the period. Asset Management One Co. Ltd. grew its stake in Tractor Supply by 3.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 207,739 shares of the specialty retailer’s stock worth $13,145,000 after acquiring an additional 6,218 shares during the period. Finally, Hosking Partners LLP grew its stake in Tractor Supply by 0.7% in the 3rd quarter. Hosking Partners LLP now owns 478,089 shares of the specialty retailer’s stock worth $30,258,000 after acquiring an additional 3,220 shares during the period. Hedge funds and other institutional investors own 83.10% of the company’s stock.
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About Tractor Supply
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.
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