Rep. Jared Moskowitz Buys Tractor Supply (NASDAQ:TSCO) Shares

Representative Jared Moskowitz (D-Florida) recently bought shares of Tractor Supply NASDAQ: TSCO. In a filing disclosed on May 09th, the Representative disclosed that they had bought between $1,001 and $15,000 in Tractor Supply stock on April 7th.

Representative Jared Moskowitz also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Amgen NASDAQ: AMGN on 4/16/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/16/2025.
• Sold $1,001 - $15,000 in shares of Starbucks NASDAQ: SBUX on 4/10/2025.
• Sold $15,001 - $50,000 in shares of The Goldman Sachs Group NYSE: GS on 4/10/2025.
• Sold $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 4/10/2025.
• Purchased $1,001 - $15,000 in shares of Southern NYSE: SO on 4/7/2025.
• Purchased $1,001 - $15,000 in shares of AbbVie NYSE: ABBV on 4/7/2025.
• Purchased $1,001 - $15,000 in shares of Sherwin-Williams NYSE: SHW on 4/7/2025.
• Purchased $1,001 - $15,000 in shares of Texas Instruments NASDAQ: TXN on 4/7/2025.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 4/7/2025.

Tractor Supply Trading Up 1.6%

Shares of TSCO stock traded up $0.82 during mid-day trading on Friday, reaching $52.99. The stock had a trading volume of 5,247,049 shares, compared to its average volume of 5,158,927. Tractor Supply has a 52-week low of $46.85 and a 52-week high of $61.53. The company has a current ratio of 1.43, a quick ratio of 0.20 and a debt-to-equity ratio of 0.82. The stock's 50-day moving average price is $51.64 and its two-hundred day moving average price is $54.08. The firm has a market capitalization of $28.10 billion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 2.95 and a beta of 0.82.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The specialty retailer reported $0.34 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.03). Tractor Supply had a return on equity of 49.01% and a net margin of 7.40%. The business had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.55 billion. During the same period in the previous year, the firm earned $1.83 EPS. The company's revenue was up 2.1% on a year-over-year basis. Equities analysts expect that Tractor Supply will post 2.17 earnings per share for the current fiscal year.

Tractor Supply declared that its board has initiated a share repurchase plan on Thursday, February 13th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to buy up to 3.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Tractor Supply Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Wednesday, May 28th. Tractor Supply's payout ratio is 45.77%.

Institutional Trading of Tractor Supply

Several institutional investors and hedge funds have recently bought and sold shares of TSCO. Hancock Whitney Corp increased its holdings in shares of Tractor Supply by 2.0% during the 1st quarter. Hancock Whitney Corp now owns 9,849 shares of the specialty retailer's stock valued at $543,000 after purchasing an additional 194 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its holdings in Tractor Supply by 0.3% in 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 increased its holdings in Tractor Supply by 2.5% in 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 increased its holdings in Tractor Supply by 30.1% in 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. increased its holdings in Tractor Supply by 5.2% in 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 currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. UBS Group set a $54.00 price objective on shares of Tractor Supply in a report on Friday, April 25th. Guggenheim reduced their price objective on shares of Tractor Supply from $60.00 to $55.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Stephens started coverage on shares of Tractor Supply in a research note on Wednesday, April 9th. They issued an "equal weight" rating and a $56.00 price objective for the company. Truist Financial dropped their target price on shares of Tractor Supply from $63.00 to $60.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Finally, Raymond James dropped their target price on shares of Tractor Supply from $61.00 to $57.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $58.02.

Insider Buying and Selling

In other news, SVP Matthew L. Rubin sold 2,810 shares of the company's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $51.76, for a total transaction of $145,445.60. Following the completion of the sale, the senior vice president now owns 29,722 shares of the company's stock, valued at $1,538,410.72. This represents a 8.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.65% of the stock is owned by insiders.

About Representative Moskowitz

Jared Evan Moskowitz (Democratic Party) is a member of the U.S. House, representing Florida's 23rd Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027. Moskowitz (Democratic Party) is running for re-election to the U.S. House to represent Florida's 23rd Congressional District. He declared candidacy for the 2026 election. Jared Evan Moskowitz was born in Coral Springs, Florida. Moskowitz graduated from Marjory Stoneman Douglas High School. He earned a bachelor's degree in political science and government from George Washington University in 2003 and a law degree from Nova Southeastern University in 2007. Moskowitz's career experience includes working as the director of the Florida Division of Emergency Management and general counsel with AshBritt Inc.

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.