Tractor Supply Company (NASDAQ:TSCO) EVP Jonathan S. Estep Sells 35,825 Shares

Tractor Supply Company (NASDAQ:TSCO - Get Free Report) EVP Jonathan S. Estep sold 35,825 shares of the stock in a transaction 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 transaction, the executive vice president directly owned 74,605 shares in the company, valued at $4,177,880. The trade was 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 hyperlink.

Tractor Supply Price Performance

Shares of Tractor Supply stock traded down $0.65 on Friday, hitting $56.79. 5,881,088 shares of the company traded hands, compared to its average volume of 5,166,227. The stock has a market capitalization of $30.11 billion, a P/E ratio of 28.20, a price-to-earnings-growth ratio of 3.08 and a beta of 0.75. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.17 and a current ratio of 1.41. Tractor Supply Company has a 52 week low of $46.85 and a 52 week high of $61.53. The business has a 50-day simple moving average of $51.93 and a 200 day simple moving average of $53.08.

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

Tractor Supply Cuts Dividend

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

Institutional Trading of Tractor Supply

A number of large investors have recently made changes to their positions in the stock. Hancock Whitney Corp grew its holdings in Tractor Supply by 2.0% during the 1st quarter. Hancock Whitney Corp now owns 9,849 shares of the specialty retailer's stock worth $543,000 after acquiring an additional 194 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its holdings in Tractor Supply by 0.3% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 66,483 shares of the specialty retailer's stock worth $3,663,000 after acquiring an additional 208 shares in the last quarter. Wedmont Private Capital grew its holdings in Tractor Supply by 2.5% during the 1st quarter. Wedmont Private Capital now owns 8,714 shares of the specialty retailer's stock worth $450,000 after acquiring an additional 212 shares in the last quarter. Creative Financial Designs Inc. ADV grew its holdings in Tractor Supply by 30.1% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 920 shares of the specialty retailer's stock worth $51,000 after acquiring an additional 213 shares in the last quarter. Finally, Independent Wealth Network Inc. grew its holdings in Tractor Supply by 5.2% during the 1st quarter. Independent Wealth Network Inc. now owns 4,335 shares of the specialty retailer's stock worth $239,000 after acquiring an additional 215 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TSCO shares. Robert W. Baird dropped their price objective on shares of Tractor Supply from $63.00 to $56.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Raymond James Financial dropped their price objective on shares of Tractor Supply from $61.00 to $57.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. JPMorgan Chase & Co. dropped their price objective on shares of Tractor Supply from $59.00 to $56.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Wall Street Zen downgraded shares of Tractor Supply from a "hold" rating to a "sell" rating in a report on Friday, June 6th. Finally, Guggenheim decreased their target price on shares of Tractor Supply from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Tractor Supply has an average rating of "Moderate Buy" and an average price target of $58.02.

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.