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 stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $56.00, for a total transaction 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 filing with the SEC, which can be accessed through this link.

Tractor Supply Trading Down 1.1%

TSCO stock traded down $0.65 during trading on Friday, hitting $56.79. The company had a trading volume of 5,881,088 shares, compared to its average volume of 5,165,653. The company has a 50 day simple moving average of $52.05 and a 200-day simple moving average of $53.08. The company has a quick ratio of 0.17, a current ratio of 1.41 and a debt-to-equity ratio of 0.94. Tractor Supply Company has a 52-week low of $46.85 and a 52-week high of $61.53. The firm has a market capitalization of $30.11 billion, a P/E ratio of 28.20, a PEG ratio of 3.06 and a beta of 0.75.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued 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 firm had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.55 billion. During the same period last year, the firm earned $1.83 earnings per share. The company's revenue for the quarter was up 2.1% on a year-over-year basis. As a group, research analysts forecast that Tractor Supply Company will post 2.17 earnings per share for the current fiscal 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 issued a $0.23 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $0.92 annualized dividend and a dividend yield of 1.62%. Tractor Supply's dividend payout ratio is currently 45.77%.

Institutional Investors Weigh In On Tractor Supply

Hedge funds have recently modified their holdings of the business. Coppell Advisory Solutions LLC lifted its holdings in Tractor Supply by 944.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 470 shares of the specialty retailer's stock worth $25,000 after buying an additional 425 shares during the period. GW&K Investment Management LLC lifted its stake in shares of Tractor Supply by 89.3% during the 1st quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer's stock worth $26,000 after purchasing an additional 226 shares during the last quarter. Whittier Trust Co. boosted its position in Tractor Supply by 400.0% during the fourth quarter. Whittier Trust Co. now owns 500 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 400 shares in the last quarter. Dunhill Financial LLC boosted its stake in Tractor Supply by 325.8% in the fourth quarter. Dunhill Financial LLC now owns 511 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 391 shares in the last quarter. Finally, Pacific Center for Financial Services grew its holdings in Tractor Supply by 400.0% in the fourth quarter. Pacific Center for Financial Services now owns 550 shares of the specialty retailer's stock worth $29,000 after purchasing an additional 440 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Mizuho dropped their target price on shares of Tractor Supply from $62.00 to $58.00 and set an "outperform" rating for the company in a report 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. Telsey Advisory Group set a $60.00 target price on Tractor Supply in a research note on Friday, April 25th. Citigroup dropped their price target on Tractor Supply from $59.00 to $51.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Finally, Guggenheim reduced their price objective on shares of Tractor Supply from $60.00 to $55.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and one has issued 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.

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.