Tractor Supply Company (NASDAQ:TSCO) Director Sells $258,955.90 in Stock

Tractor Supply Company (NASDAQ:TSCO - Get Free Report) Director Denise L. Jackson sold 4,630 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $55.93, for a total value of $258,955.90. Following the completion of the sale, the director directly owned 35,288 shares in the company, valued at approximately $1,973,657.84. This represents a 11.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Tractor Supply Trading Down 1.1%

NASDAQ:TSCO traded down $0.65 during mid-day trading on Friday, hitting $56.79. The company had a trading volume of 5,881,088 shares, compared to its average volume of 5,166,227. Tractor Supply Company has a fifty-two week low of $46.85 and a fifty-two week high of $61.53. The business's fifty day moving average is $51.93 and its two-hundred day moving average is $53.08. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.17 and a current ratio of 1.41. The firm has a market cap of $30.11 billion, a P/E ratio of 28.20, a P/E/G ratio of 3.08 and a beta of 0.75.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its earnings results on Thursday, April 24th. The specialty retailer reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.03). Tractor Supply had a net margin of 7.24% and a return on equity of 47.56%. The company had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.55 billion. During the same period in the previous year, the company posted $1.83 EPS. The company's quarterly revenue was up 2.1% compared to the same quarter last year. As a group, research analysts expect that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Wednesday, May 28th. Tractor Supply's dividend payout ratio is currently 45.77%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TSCO. Guggenheim decreased their price target on Tractor Supply from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Wall Street Zen lowered Tractor Supply from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. JPMorgan Chase & Co. reduced their price objective on Tractor Supply from $59.00 to $56.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Telsey Advisory Group set a $60.00 price objective on Tractor Supply in a research note on Friday, April 25th. Finally, Mizuho reduced their price objective on Tractor Supply from $62.00 to $58.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $58.02.

Institutional Investors Weigh In On Tractor Supply

A number of hedge funds have recently modified their holdings of TSCO. Victory Capital Management Inc. raised its position in shares of Tractor Supply by 346.0% during the fourth quarter. Victory Capital Management Inc. now owns 271,441 shares of the specialty retailer's stock worth $14,403,000 after purchasing an additional 210,584 shares during the period. Assetmark Inc. grew its holdings in shares of Tractor Supply by 636.9% during the fourth quarter. Assetmark Inc. now owns 1,098 shares of the specialty retailer's stock worth $58,000 after buying an additional 949 shares in the last quarter. Proficio Capital Partners LLC grew its holdings in shares of Tractor Supply by 956.9% during the fourth quarter. Proficio Capital Partners LLC now owns 9,269 shares of the specialty retailer's stock worth $492,000 after buying an additional 8,392 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Tractor Supply by 401.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 217,237 shares of the specialty retailer's stock worth $11,527,000 after buying an additional 173,894 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings in shares of Tractor Supply by 416.8% during the fourth quarter. Larson Financial Group LLC now owns 1,478 shares of the specialty retailer's stock worth $78,000 after buying an additional 1,192 shares in the last quarter. 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.