Colin Yankee Sells 6,680 Shares of Tractor Supply Company (NASDAQ:TSCO) Stock

Key Points

• Tractor Supply Company's EVP, Colin Yankee, sold 6,680 shares for approximately $390,112, reducing their ownership by 14.27% to 40,142 shares.
• The company reported a quarterly earnings beat with $0.81 EPS, surpassing consensus estimates and achieving revenue of $4.44 billion.
• Wall Street analysts issued positive forecasts, with price targets for Tractor Supply shares ranging from $51.00 to $70.00, reflecting a consensus rating of "Moderate Buy."

Tractor Supply Company (NASDAQ:TSCO - Get Free Report) EVP Colin Yankee sold 6,680 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $58.40, for a total value of $390,112.00. Following the completion of the transaction, the executive vice president directly owned 40,142 shares in the company, valued at $2,344,292.80. The trade was a 14.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Tractor Supply Trading Up 1.2%

Shares of TSCO traded up $0.68 during midday trading on Friday, hitting $57.63. The stock had a trading volume of 5,505,273 shares, compared to its average volume of 5,701,142. Tractor Supply Company has a 1 year low of $46.85 and a 1 year high of $63.99. The firm has a market cap of $30.56 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 2.97 and a beta of 0.75. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.28 and a quick ratio of 0.16. The stock's 50 day moving average is $53.82 and its 200 day moving average is $53.49.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.01. Tractor Supply had a net margin of 7.18% and a return on equity of 46.83%. The firm had revenue of $4.44 billion for the quarter, compared to analysts' expectations of $4.40 billion. During the same period in the prior year, the business posted $3.93 earnings per share. The business's revenue for the quarter was up 4.5% on a year-over-year basis. As a group, analysts forecast that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Wednesday, May 28th. Tractor Supply's dividend payout ratio (DPR) is currently 45.10%.

Institutional Trading of Tractor Supply

A number of institutional investors have recently modified their holdings of TSCO. Korea Investment CORP raised its position in Tractor Supply by 459.7% during the 4th quarter. Korea Investment CORP now owns 87,600 shares of the specialty retailer's stock worth $4,648,000 after buying an additional 71,949 shares during the last quarter. Pictet Asset Management Holding SA grew its stake in shares of Tractor Supply by 472.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 367,606 shares of the specialty retailer's stock worth $19,505,000 after purchasing an additional 303,421 shares during the period. Orion Portfolio Solutions LLC grew its stake in Tractor Supply by 391.3% in the 4th quarter. Orion Portfolio Solutions LLC now owns 49,184 shares of the specialty retailer's stock valued at $2,610,000 after acquiring an additional 39,174 shares during the period. Level Four Advisory Services LLC grew its stake in Tractor Supply by 401.6% in the 4th quarter. Level Four Advisory Services LLC now owns 9,410 shares of the specialty retailer's stock valued at $499,000 after acquiring an additional 7,534 shares during the period. Finally, Allstate Corp acquired a new stake in Tractor Supply during the 4th quarter worth $848,000. 98.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on TSCO shares. Stephens began coverage on shares of Tractor Supply in a research report on Wednesday, April 9th. They set an "equal weight" rating and a $56.00 target price for the company. Bank of America upgraded shares of Tractor Supply from an "underperform" rating to a "buy" rating and set a $70.00 price objective for the company in a research note on Thursday, July 24th. The Goldman Sachs Group reissued a "buy" rating on shares of Tractor Supply in a report on Friday, July 25th. UBS Group raised their target price on shares of Tractor Supply from $54.00 to $61.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Finally, Wall Street Zen raised shares of Tractor Supply from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Nine investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $61.80.

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.