Tractor Supply Company (NASDAQ:TSCO) CFO Sells $5,756,400.00 in Stock

Key Points

• CFO Kurt D. Barton sold 90,000 shares of Tractor Supply Company for a total of $5,756,400, significantly decreasing his ownership by 65.35%.
• Tractor Supply reported $0.81 earnings per share, surpassing analysts' expectations of $0.80, with revenue of $4.44 billion for the quarter.
• Brokerages have issued mixed ratings, with some raising their price targets; the consensus rating for the stock is currently a "Moderate Buy" with a target price of $61.80.

Tractor Supply Company (NASDAQ:TSCO - Get Free Report) CFO Kurt D. Barton sold 90,000 shares of Tractor Supply stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $63.96, for a total value of $5,756,400.00. Following the completion of the transaction, the chief financial officer directly owned 47,715 shares in the company, valued at approximately $3,051,851.40. This represents a 65.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Tractor Supply Trading Up 0.2%

Shares of TSCO stock traded up $0.12 during trading hours on Friday, reaching $57.07. The company's stock had a trading volume of 1,568,480 shares, compared to its average volume of 5,672,675. The company has a current ratio of 1.28, a quick ratio of 0.16 and a debt-to-equity ratio of 0.68. Tractor Supply Company has a one year low of $46.85 and a one year high of $63.99. The stock has a market capitalization of $30.26 billion, a P/E ratio of 28.00, a P/E/G ratio of 2.97 and a beta of 0.75. The firm's fifty day simple moving average is $53.82 and its 200 day simple moving average is $53.49.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.01. Tractor Supply had a return on equity of 46.83% and a net margin of 7.18%. The company had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.40 billion. During the same period in the prior year, the company earned $3.93 earnings per share. The firm's revenue was up 4.5% on a year-over-year basis. Equities research analysts expect that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.92 dividend on an annualized basis and a yield of 1.6%. Tractor Supply's payout ratio is currently 45.10%.

Institutional Trading of Tractor Supply

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC lifted its holdings in shares of Tractor Supply by 944.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 470 shares of the specialty retailer's stock valued at $25,000 after buying an additional 425 shares during the period. GW&K Investment Management LLC lifted its holdings in shares of Tractor Supply by 89.3% in the 1st quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer's stock valued at $26,000 after buying an additional 226 shares during the period. Dunhill Financial LLC increased its stake in shares of Tractor Supply by 325.8% in the 4th quarter. Dunhill Financial LLC now owns 511 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 391 shares in the last quarter. Pacific Center for Financial Services increased its stake in shares of Tractor Supply by 400.0% in the 4th quarter. Pacific Center for Financial Services now owns 550 shares of the specialty retailer's stock valued at $29,000 after purchasing an additional 440 shares in the last quarter. Finally, LRI Investments LLC increased its stake in shares of Tractor Supply by 400.0% in the 4th quarter. LRI Investments LLC now owns 615 shares of the specialty retailer's stock valued at $33,000 after purchasing an additional 492 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Raymond James Financial reaffirmed an "outperform" rating and issued a $65.00 price objective (up from $57.00) on shares of Tractor Supply in a research note on Friday, July 25th. Guggenheim dropped 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. Wells Fargo & Company boosted their price target on Tractor Supply from $63.00 to $65.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. DA Davidson boosted their price target on Tractor Supply from $65.00 to $70.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, Mizuho dropped their price target 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. Nine research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Tractor Supply presently has a consensus rating of "Moderate Buy" and an average price target of $61.80.

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.