Insider Selling: Tractor Supply Company (NASDAQ:TSCO) SVP Sells 5,200 Shares of Stock

Tractor Supply Company (NASDAQ:TSCO) SVP Noni L. Ellison sold 5,200 shares of Tractor Supply stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $63.96, for a total transaction of $332,592.00. Following the completion of the transaction, the senior vice president owned 28,639 shares in the company, valued at approximately $1,831,750.44. This trade represents a 15.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Tractor Supply Stock Up 0.8%

TSCO stock opened at $58.59 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 0.16 and a debt-to-equity ratio of 0.68. Tractor Supply Company has a 1 year low of $46.85 and a 1 year high of $63.99. The company has a fifty day simple moving average of $53.51 and a 200 day simple moving average of $53.44. The firm has a market cap of $31.06 billion, a PE ratio of 28.75, a PEG ratio of 2.99 and a beta of 0.75.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.01. Tractor Supply had a net margin of 7.18% and a return on equity of 46.83%. The business had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.40 billion. During the same quarter in the previous year, the business earned $3.93 EPS. Tractor Supply’s quarterly revenue was up 4.5% compared to the same quarter last year. Sell-side analysts anticipate that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend was Wednesday, May 28th. Tractor Supply’s payout ratio is presently 45.10%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TSCO shares. Mizuho decreased their price objective on shares of Tractor Supply from $62.00 to $58.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. Robert W. Baird raised their price objective on shares of Tractor Supply from $56.00 to $61.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Stephens started coverage on shares of Tractor Supply in a research note on Wednesday, April 9th. They issued an “equal weight” rating and a $56.00 price objective for the company. Raymond James Financial reaffirmed an “outperform” rating and issued a $65.00 price objective (up previously from $57.00) on shares of Tractor Supply in a research note on Friday, July 25th. Finally, Wall Street Zen raised shares of Tractor Supply from a “sell” rating to a “hold” rating in a research note on Saturday. Nine analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $61.80.

Institutional Investors Weigh In On Tractor Supply

Several institutional investors and hedge funds have recently modified their holdings of the business. Financial Counselors Inc. raised its holdings in Tractor Supply by 357.9% in the 4th quarter. Financial Counselors Inc. now owns 4,355 shares of the specialty retailer’s stock worth $231,000 after acquiring an additional 3,404 shares during the period. Korea Investment CORP raised its holdings in Tractor Supply by 459.7% in the 4th quarter. Korea Investment CORP now owns 87,600 shares of the specialty retailer’s stock worth $4,648,000 after acquiring an additional 71,949 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Tractor Supply by 428.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 842,271 shares of the specialty retailer’s stock worth $43,739,000 after acquiring an additional 682,963 shares during the period. UniSuper Management Pty Ltd raised its holdings in Tractor Supply by 549.3% in the 4th quarter. UniSuper Management Pty Ltd now owns 52,871 shares of the specialty retailer’s stock worth $2,805,000 after acquiring an additional 44,728 shares during the period. Finally, NEOS Investment Management LLC raised its holdings in Tractor Supply by 546.3% in the 4th quarter. NEOS Investment Management LLC now owns 27,441 shares of the specialty retailer’s stock worth $1,456,000 after acquiring an additional 23,195 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Company Profile

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.