Tractor Supply Company (NASDAQ:TSCO) EVP Sells $2,006,200.00 in Stock

Tractor Supply Company (NASDAQ:TSCO - Get Free Report) EVP Jonathan S. Estep sold 35,825 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $56.00, for a total value of $2,006,200.00. Following the completion of the sale, the executive vice president directly owned 74,605 shares of the company's stock, valued at $4,177,880. This represents a 32.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Tractor Supply Stock Up 1.1%

NASDAQ TSCO traded up $0.65 on Thursday, hitting $57.86. 2,084,967 shares of the stock traded hands, compared to its average volume of 5,150,225. The stock has a 50-day moving average of $51.79 and a 200 day moving average of $53.05. Tractor Supply Company has a twelve month low of $46.85 and a twelve month high of $61.53. The company has a market capitalization of $30.68 billion, a P/E ratio of 28.77, a price-to-earnings-growth ratio of 3.06 and a beta of 0.75. The company has a current ratio of 1.41, a quick ratio of 0.17 and a debt-to-equity ratio of 0.94.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its earnings results on Thursday, April 24th. The specialty retailer reported $0.34 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.03). The company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.55 billion. Tractor Supply had a net margin of 7.24% and a return on equity of 47.56%. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the company posted $1.83 earnings per share. As a group, analysts expect that Tractor Supply Company will post 2.17 earnings per share 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 issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Wednesday, May 28th. Tractor Supply's dividend payout ratio (DPR) is 45.77%.

Wall Street Analyst Weigh In

TSCO has been the subject of several recent analyst reports. Guggenheim reduced their price target on Tractor Supply from $60.00 to $55.00 and set a "buy" rating for the company in a report on Friday, April 25th. Wall Street Zen downgraded Tractor Supply from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. Telsey Advisory Group set a $60.00 price objective on Tractor Supply in a research report on Friday, April 25th. Mizuho lowered their price target on Tractor Supply from $62.00 to $58.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Finally, Stephens began coverage on Tractor Supply in a research report on Wednesday, April 9th. They set an "equal weight" rating and a $56.00 price target for the company. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Tractor Supply has an average rating of "Moderate Buy" and an average price target of $58.02.

Hedge Funds Weigh In On Tractor Supply

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TSCO. Vanguard Group Inc. lifted its position in Tractor Supply by 4.1% in the first quarter. Vanguard Group Inc. now owns 66,631,422 shares of the specialty retailer's stock worth $3,671,391,000 after purchasing an additional 2,597,450 shares during the period. Wellington Management Group LLP boosted its stake in shares of Tractor Supply by 16.0% during the 1st quarter. Wellington Management Group LLP now owns 27,604,769 shares of the specialty retailer's stock worth $1,521,023,000 after acquiring an additional 3,815,520 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Tractor Supply by 10.8% during the 1st quarter. Alliancebernstein L.P. now owns 24,664,907 shares of the specialty retailer's stock worth $1,359,036,000 after acquiring an additional 2,408,373 shares in the last quarter. Capital World Investors boosted its position in shares of Tractor Supply by 403.7% in the fourth quarter. Capital World Investors now owns 19,433,135 shares of the specialty retailer's stock worth $1,031,122,000 after buying an additional 15,575,311 shares during the period. Finally, Capital International Investors boosted its position in shares of Tractor Supply by 334.7% in the fourth quarter. Capital International Investors now owns 15,429,288 shares of the specialty retailer's stock worth $818,421,000 after buying an additional 11,880,010 shares during the period. 98.72% of the stock is owned by institutional investors.

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.