Rep. Robert Bresnahan, Jr. Sells Off Shares of Tractor Supply (NASDAQ:TSCO)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Tractor Supply NASDAQ: TSCO. In a filing disclosed on May 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in Tractor Supply stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/10/2025.
• Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Occidental Petroleum NYSE: OXY on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 4/8/2025.
• Sold $1,001 - $15,000 in shares of QUALCOMM NASDAQ: QCOM on 4/8/2025.

Tractor Supply Stock Down 0.2 %

Shares of NASDAQ:TSCO traded down $0.11 during trading on Friday, hitting $51.31. The company's stock had a trading volume of 3,588,627 shares, compared to its average volume of 5,128,224. Tractor Supply has a fifty-two week low of $46.85 and a fifty-two week high of $61.53. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.20 and a current ratio of 1.43. The company has a market capitalization of $27.28 billion, a PE ratio of 25.15, a PEG ratio of 2.95 and a beta of 0.82. The stock's 50-day moving average price is $51.96 and its two-hundred day moving average price is $54.17.

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 7.40% and a return on equity of 49.01%. 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, sell-side analysts expect that Tractor Supply will post 2.17 EPS for the current year.

Tractor Supply announced that its Board of Directors has authorized a stock repurchase plan on Thursday, February 13th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the specialty retailer to purchase up to 3.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Tractor Supply Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th were given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 7.17%. This is a boost from Tractor Supply's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Wednesday, February 26th. Tractor Supply's dividend payout ratio is 45.77%.

Insider Activity at Tractor Supply

In other news, EVP Colin Yankee sold 24,602 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $54.15, for a total transaction of $1,332,198.30. Following the completion of the sale, the executive vice president now owns 33,645 shares of the company's stock, valued at $1,821,876.75. This represents a 42.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Matthew L. Rubin sold 3,850 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $57.69, for a total transaction of $222,106.50. Following the completion of the sale, the senior vice president now directly owns 31,787 shares in the company, valued at $1,833,792.03. This represents a 10.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,598 shares of company stock worth $2,234,481 in the last quarter. Corporate insiders own 0.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TSCO shares. Truist Financial decreased their price target on Tractor Supply from $63.00 to $60.00 and set a "buy" rating for the company in a research note on Friday, January 31st. UBS Group set a $54.00 price target on shares of Tractor Supply in a report on Friday, April 25th. Bank of America boosted their target price on shares of Tractor Supply from $44.00 to $53.00 and gave the stock an "underperform" rating in a research report on Thursday, January 16th. Guggenheim reduced their price target on Tractor Supply from $60.00 to $55.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Tractor Supply from $59.00 to $56.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $58.02.

Institutional Investors Weigh In On Tractor Supply

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nordea Investment Management AB increased its position in Tractor Supply by 418.5% in the fourth quarter. Nordea Investment Management AB now owns 46,140 shares of the specialty retailer's stock worth $2,446,000 after purchasing an additional 37,242 shares during the period. Peoples Bank KS increased its stake in shares of Tractor Supply by 400.0% in the 4th quarter. Peoples Bank KS now owns 570 shares of the specialty retailer's stock valued at $30,000 after acquiring an additional 456 shares during the last quarter. Park National Corp OH boosted its stake in Tractor Supply by 400.0% during the 4th quarter. Park National Corp OH now owns 10,835 shares of the specialty retailer's stock worth $575,000 after acquiring an additional 8,668 shares during the last quarter. Fulton Bank N.A. increased its stake in Tractor Supply by 392.9% in the fourth quarter. Fulton Bank N.A. now owns 4,515 shares of the specialty retailer's stock valued at $240,000 after purchasing an additional 3,599 shares in the last quarter. Finally, First Hawaiian Bank acquired a new position in shares of Tractor Supply in the 4th quarter valued at $337,000. Institutional investors and hedge funds own 98.72% of the company's stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.

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