Tractor Supply Company (NASDAQ:TSCO) Director Denise L. Jackson Sells 2,000 Shares of Stock

Tractor Supply Company (NASDAQ:TSCO - Get Free Report) Director Denise L. Jackson sold 2,000 shares of Tractor Supply stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $57.75, for a total transaction of $115,500.00. Following the transaction, the director directly owned 32,288 shares of the company's stock, valued at approximately $1,864,632. This trade represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Tractor Supply Trading Down 0.5%

Shares of TSCO traded down $0.30 during mid-day trading on Wednesday, reaching $56.04. 6,087,905 shares of the company were exchanged, compared to its average volume of 5,172,270. The business has a 50 day simple moving average of $52.29 and a two-hundred day simple moving average of $53.11. 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 stock has a market capitalization of $29.71 billion, a PE ratio of 27.83, a PEG ratio of 3.13 and a beta of 0.75. Tractor Supply Company has a 52 week low of $46.85 and a 52 week high of $61.53.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.03). Tractor Supply had a return on equity of 47.56% and a net margin of 7.24%. The firm had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.55 billion. During the same quarter last year, the firm posted $1.83 EPS. The firm's revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts predict 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. Shareholders of record on Wednesday, May 28th were issued a dividend of $0.23 per share. The ex-dividend date was Wednesday, May 28th. This represents a $0.92 dividend on an annualized basis and a yield of 1.64%. Tractor Supply's payout ratio is currently 45.77%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Independent Wealth Network Inc. lifted its position in shares of Tractor Supply by 5.1% during the 2nd quarter. Independent Wealth Network Inc. now owns 4,556 shares of the specialty retailer's stock valued at $240,000 after acquiring an additional 221 shares during the period. Patton Fund Management Inc. acquired a new stake in Tractor Supply in the second quarter valued at approximately $233,000. Southern Capital Advisors LLC increased its holdings in shares of Tractor Supply by 375.6% during the second quarter. Southern Capital Advisors LLC now owns 52,434 shares of the specialty retailer's stock valued at $2,767,000 after acquiring an additional 41,410 shares in the last quarter. Congress Asset Management Co. raised its position in shares of Tractor Supply by 2.1% during the second quarter. Congress Asset Management Co. now owns 1,024,470 shares of the specialty retailer's stock worth $54,061,000 after purchasing an additional 20,588 shares during the period. Finally, Fortune Financial Advisors LLC lifted its holdings in shares of Tractor Supply by 2.8% in the 2nd quarter. Fortune Financial Advisors LLC now owns 24,239 shares of the specialty retailer's stock worth $1,279,000 after purchasing an additional 669 shares in the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TSCO shares. Raymond James Financial cut their price target on Tractor Supply from $61.00 to $57.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. JPMorgan Chase & Co. reduced their price objective on shares of Tractor Supply from $59.00 to $56.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Telsey Advisory Group set a $60.00 price objective on shares of Tractor Supply in a research note on Friday, April 25th. UBS Group set a $54.00 target price on Tractor Supply in a report on Friday, April 25th. Finally, Guggenheim dropped their price objective 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. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Tractor Supply presently has an average rating of "Moderate Buy" and a consensus price target of $57.95.

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.