Tractor Supply Company (NASDAQ:TSCO) SVP Noni L. Ellison Sells 5,200 Shares

Key Points

• Tractor Supply Company's SVP Noni L. Ellison sold 5,200 shares at an average price of $63.96, resulting in a total transaction of $332,592 and a 15.37% decrease in her position.
• The company reported $0.81 earnings per share for the latest quarter, exceeding expectations, along with a 4.5% year-over-year revenue increase to $4.44 billion.
• Analysts maintain a consensus target price of $61.80 for Tractor Supply, with a mix of ratings reflecting optimism in the stock’s performance.

Tractor Supply Company (NASDAQ:TSCO - Get Free Report) SVP Noni L. Ellison sold 5,200 shares of the business's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $63.96, for a total transaction of $332,592.00. Following the sale, the senior vice president directly owned 28,639 shares of the company's stock, valued at $1,831,750.44. This represents a 15.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Tractor Supply Stock Up 0.2%

Shares of NASDAQ TSCO traded up $0.12 during mid-day trading on Friday, reaching $57.07. The company had a trading volume of 1,568,480 shares, compared to its average volume of 5,672,675. The company has a current ratio of 1.28, a quick ratio of 0.16 and a debt-to-equity ratio of 0.68. The firm has a 50 day simple moving average of $53.82 and a two-hundred day simple moving average of $53.49. The stock has a market cap of $30.26 billion, a P/E ratio of 28.00, a PEG ratio of 2.97 and a beta of 0.75. Tractor Supply Company has a 52-week low of $46.85 and a 52-week high of $63.99.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its earnings results on Thursday, July 24th. The specialty retailer reported $0.81 EPS for the quarter, beating 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 the consensus estimate of $4.40 billion. During the same period last year, the firm posted $3.93 EPS. The company's revenue was up 4.5% on a year-over-year basis. Sell-side analysts predict that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Wednesday, May 28th. Tractor Supply's dividend payout ratio (DPR) is presently 45.10%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Coppell Advisory Solutions LLC grew its position in Tractor Supply by 944.4% during the 4th 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 last quarter. GW&K Investment Management LLC grew its position in Tractor Supply by 89.3% during the 1st quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer's stock worth $26,000 after purchasing an additional 226 shares during the last quarter. Dunhill Financial LLC grew its position in Tractor Supply by 325.8% during the 4th 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. Pacific Center for Financial Services lifted its stake in shares of Tractor Supply by 400.0% in the 4th quarter. Pacific Center for Financial Services now owns 550 shares of the specialty retailer's stock worth $29,000 after acquiring an additional 440 shares during the period. Finally, LRI Investments LLC lifted its stake in shares of Tractor Supply by 400.0% in the 4th quarter. LRI Investments LLC now owns 615 shares of the specialty retailer's stock worth $33,000 after acquiring an additional 492 shares during the period. 98.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Citigroup dropped their price objective on shares of Tractor Supply from $59.00 to $51.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Tractor Supply in a research note on Friday, July 25th. Truist Financial upped their price objective on shares of Tractor Supply from $60.00 to $66.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Wall Street Zen raised shares of Tractor Supply from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Finally, Loop Capital upped their price objective on shares of Tractor Supply from $48.00 to $60.00 and gave the company a "hold" rating in a research note on Friday, July 25th. Nine analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $61.80.

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.