Tractor Supply Company (NASDAQ:TSCO) Director Denise L. Jackson Sells 1,550 Shares

Tractor Supply Company (NASDAQ:TSCO - Get Free Report) Director Denise L. Jackson sold 1,550 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $55.00, for a total transaction of $85,250.00. Following the completion of the sale, the director owned 39,918 shares of the company's stock, valued at approximately $2,195,490. The trade was a 3.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Tractor Supply Price Performance

Shares of Tractor Supply stock traded down $0.89 on Tuesday, reaching $55.87. 1,211,806 shares of the stock were exchanged, compared to its average volume of 5,149,806. The firm has a market cap of $29.62 billion, a PE ratio of 27.78, a P/E/G ratio of 2.94 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. The firm's 50 day moving average is $51.52 and its 200-day moving average is $53.00. Tractor Supply Company has a one year low of $46.85 and a one year high of $61.53.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued 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). The company had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.55 billion. Tractor Supply had a net margin of 7.24% and a return on equity of 47.56%. Tractor Supply's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.83 EPS. As a group, analysts anticipate that Tractor Supply Company will post 2.17 EPS 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 paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Wednesday, May 28th. Tractor Supply's payout ratio is currently 45.77%.

Wall Street Analysts Forecast Growth

TSCO has been the subject of a number of research analyst reports. Telsey Advisory Group set a $60.00 target price on shares of Tractor Supply in a research note on Friday, April 25th. UBS Group set a $54.00 target price on shares of Tractor Supply in a research report on Friday, April 25th. Wall Street Zen downgraded shares of Tractor Supply from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. Robert W. Baird lowered their price target on shares of Tractor Supply from $63.00 to $56.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Finally, Mizuho lowered their price objective on shares of Tractor Supply from $62.00 to $58.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $58.02.

Institutional Investors Weigh In On Tractor Supply

Large investors have recently modified their holdings of the company. Coppell Advisory Solutions LLC grew its holdings in Tractor Supply by 944.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 470 shares of the specialty retailer's stock worth $25,000 after purchasing an additional 425 shares during the period. GW&K Investment Management LLC raised its holdings in shares of Tractor Supply by 89.3% in the first quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer's stock valued at $26,000 after purchasing an additional 226 shares during the last quarter. Whittier Trust Co. boosted its holdings in Tractor Supply by 400.0% during the fourth quarter. Whittier Trust Co. now owns 500 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 400 shares during the last quarter. Dunhill Financial LLC boosted its holdings in Tractor Supply by 325.8% during the fourth quarter. Dunhill Financial LLC now owns 511 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 391 shares during the last quarter. Finally, Pacific Center for Financial Services boosted its holdings in Tractor Supply by 400.0% during 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. 98.72% of the stock is currently owned by institutional investors and hedge funds.

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.