Kurt D. Barton Sells 23,532 Shares of Tractor Supply (NASDAQ:TSCO) Stock

Tractor Supply (NASDAQ:TSCO) CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the completion of the transaction, the chief financial officer now owns 9,683 shares of the company’s stock, valued at $2,862,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Tractor Supply Price Performance

Shares of NASDAQ:TSCO opened at $294.97 on Friday. The stock has a market capitalization of $31.82 billion, a P/E ratio of 28.72, a P/E/G ratio of 3.74 and a beta of 0.80. The business has a 50-day moving average of $271.03 and a two-hundred day moving average of $268.87. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $298.36. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.43 and a quick ratio of 0.25.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, hitting the consensus estimate of $3.93. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.28 billion. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $3.83 EPS. On average, equities research analysts predict that Tractor Supply will post 10.23 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend was Monday, August 26th. Tractor Supply’s dividend payout ratio is currently 42.84%.

Analyst Upgrades and Downgrades

TSCO has been the subject of a number of research reports. Evercore ISI lowered Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 price target for the company. in a research note on Thursday. Truist Financial increased their price target on Tractor Supply from $289.00 to $293.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Melius Research assumed coverage on shares of Tractor Supply in a research report on Monday, September 23rd. They set a “buy” rating and a $315.00 price objective on the stock. Benchmark reiterated a “buy” rating and set a $280.00 price target on shares of Tractor Supply in a report on Monday, September 30th. Finally, Wells Fargo & Company increased their price objective on Tractor Supply from $285.00 to $295.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $261.70.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new stake in Tractor Supply during the first quarter valued at about $26,000. LRI Investments LLC acquired a new position in shares of Tractor Supply during the 1st quarter worth about $28,000. Rise Advisors LLC lifted its position in shares of Tractor Supply by 157.1% during the 1st quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 66 shares during the last quarter. Whittier Trust Co. boosted its stake in Tractor Supply by 60.9% during the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 42 shares during the period. Finally, J.Safra Asset Management Corp grew its holdings in Tractor Supply by 700.0% in the 1st quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 98 shares during the last quarter. Institutional investors 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.