Tractor Supply Company (NASDAQ:TSCO) EVP Sells $3,001,390.00 in Stock

Tractor Supply Company (NASDAQ:TSCO - Get Free Report) EVP Jonathan S. Estep sold 56,630 shares of the business's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $53.00, for a total transaction of $3,001,390.00. Following the sale, the executive vice president now owns 74,605 shares of the company's stock, valued at approximately $3,954,065. This represents a 43.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Tractor Supply Stock Down 0.3%

NASDAQ TSCO traded down $0.13 during trading hours on Friday, reaching $51.71. 9,807,156 shares of the company traded hands, compared to its average volume of 5,135,989. Tractor Supply Company has a 12 month low of $46.85 and a 12 month high of $61.53. The company has a current ratio of 1.41, a quick ratio of 0.17 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $27.42 billion, a PE ratio of 25.68, a PEG ratio of 2.78 and a beta of 0.74. The company has a 50 day moving average of $50.92 and a two-hundred day moving average of $53.02.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its earnings results on Thursday, April 24th. The specialty retailer reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.03). The business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.55 billion. Tractor Supply had a return on equity of 47.56% and a net margin of 7.24%. The firm's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the company posted $1.83 earnings per share. As a group, equities analysts expect that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were issued a $0.23 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.78%. Tractor Supply's dividend payout ratio (DPR) is presently 45.77%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Guggenheim decreased their target price 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. 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 note on Friday, April 25th. Mizuho decreased their target price on shares of Tractor Supply from $62.00 to $58.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Finally, Stephens assumed coverage on shares of Tractor Supply in a research note on Wednesday, April 9th. They issued an "equal weight" rating and a $56.00 target price for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Tractor Supply currently has a consensus rating of "Moderate Buy" and a consensus target price of $58.02.

Institutional Trading of Tractor Supply

A number of large investors have recently modified their holdings of the company. AG2R LA Mondiale Gestion D Actifs acquired a new stake in shares of Tractor Supply in the 1st quarter worth about $1,370,000. Voya Investment Management LLC increased its holdings in shares of Tractor Supply by 6.5% in the 1st quarter. Voya Investment Management LLC now owns 1,042,725 shares of the specialty retailer's stock worth $57,454,000 after acquiring an additional 63,983 shares during the period. First Hawaiian Bank increased its holdings in shares of Tractor Supply by 13.3% in the 1st quarter. First Hawaiian Bank now owns 7,194 shares of the specialty retailer's stock worth $396,000 after acquiring an additional 844 shares during the period. Hodges Capital Management Inc. increased its holdings in shares of Tractor Supply by 9.8% in the 1st quarter. Hodges Capital Management Inc. now owns 5,595 shares of the specialty retailer's stock worth $308,000 after acquiring an additional 500 shares during the period. Finally, Anderson Financial Strategies LLC acquired a new position in Tractor Supply during the 1st quarter valued at about $98,000. Institutional investors and hedge funds own 98.72% of the company's stock.

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.