Rep. Jared Moskowitz Purchases Shares of Tractor Supply (NASDAQ:TSCO)

Representative Jared Moskowitz (D-Florida) recently bought shares of Tractor Supply (NASDAQ:TSCO). In a filing disclosed on December 09th, the Representative disclosed that they had bought between $1,001 and $15,000 in Tractor Supply stock on November 8th. The trade occurred in the Representative’s “MORGAN STANLEY ACTIVE ASSETS (6)” account.

Representative Jared Moskowitz also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Atmos Energy (NYSE:ATO) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of Elevance Health (NYSE:ELV) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of QUALCOMM (NASDAQ:QCOM) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of McDonald’s (NYSE:MCD) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOG) on 11/8/2024.
• Sold $50,001 – $100,000 in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) on 11/8/2024.
• Sold $15,001 – $50,000 in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) on 11/8/2024.

Tractor Supply Price Performance

Shares of TSCO stock opened at $285.49 on Thursday. Tractor Supply has a twelve month low of $209.00 and a twelve month high of $307.64. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81. The stock has a fifty day simple moving average of $284.55 and a two-hundred day simple moving average of $276.09. The stock has a market capitalization of $30.50 billion, a price-to-earnings ratio of 27.77, a P/E/G ratio of 3.54 and a beta of 0.83.

Tractor Supply shares are going to split on Friday, December 20th. The 5-1 split was announced on Thursday, December 5th. The newly minted shares will be payable to shareholders after the market closes on Thursday, December 19th.

Tractor Supply Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Monday, November 25th. Tractor Supply’s dividend payout ratio (DPR) is presently 42.80%.

Insider Transactions at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction 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 sale, the chief financial officer now owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. The trade was a 70.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Robert W. Baird set a $320.00 target price on shares of Tractor Supply in a report on Thursday, October 17th. Evercore ISI raised Tractor Supply from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 15th. Piper Sandler upped their price target on Tractor Supply from $300.00 to $332.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Mizuho raised their price objective on Tractor Supply from $250.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Finally, UBS Group upped their target price on shares of Tractor Supply from $272.00 to $280.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Tractor Supply currently has an average rating of “Moderate Buy” and an average price target of $283.14.

Institutional Investors Weigh In On Tractor Supply

Institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in shares of Tractor Supply by 3.5% during the third quarter. Wellington Management Group LLP now owns 4,740,864 shares of the specialty retailer’s stock valued at $1,379,260,000 after acquiring an additional 161,503 shares during the period. State Street Corp increased its position in shares of Tractor Supply by 1.1% during the 3rd quarter. State Street Corp now owns 4,518,341 shares of the specialty retailer’s stock worth $1,314,521,000 after purchasing an additional 47,951 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Tractor Supply by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,885,688 shares of the specialty retailer’s stock valued at $837,156,000 after purchasing an additional 43,998 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Tractor Supply by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,123,280 shares of the specialty retailer’s stock valued at $303,278,000 after buying an additional 110,342 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in Tractor Supply by 3.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 830,193 shares of the specialty retailer’s stock worth $241,528,000 after buying an additional 29,730 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

About Representative Moskowitz

Jared Evan Moskowitz (Democratic Party) is a member of the U.S. House, representing Florida’s 23rd Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2025. Moskowitz (Democratic Party) is running for re-election to the U.S. House to represent Florida’s 23rd Congressional District. He declared candidacy for the Democratic primary scheduled on August 20, 2024. Moskowitz resigned his state House seat on January 11, 2019, to head the state’s Division of Emergency Management. Jared Evan Moskowitz was born in Coral Springs, Florida. Moskowitz graduated from Marjory Stoneman Douglas High School. He earned a bachelor’s degree in political science and government from George Washington University in 2003 and a law degree from Nova Southeastern University in 2007. Moskowitz’s career experience includes working as the director of the Florida Division of Emergency Management and general counsel with AshBritt Inc.

About Tractor Supply

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.