Tractor Supply (NASDAQ:TSCO) CEO Gregory A. Sandfort sold 140,709 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $90.28, for a total transaction of $12,703,208.52. Following the completion of the sale, the chief executive officer now owns 118,845 shares in the company, valued at approximately $10,729,326.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
NASDAQ TSCO opened at $89.91 on Friday. Tractor Supply has a 12 month low of $54.76 and a 12 month high of $91.92. The company has a current ratio of 1.92, a quick ratio of 0.19 and a debt-to-equity ratio of 0.39. The company has a market cap of $10.75 billion, a P/E ratio of 27.00, a P/E/G ratio of 1.65 and a beta of 1.43.
Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, July 26th. The specialty retailer reported $1.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.08. The firm had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Tractor Supply had a net margin of 6.34% and a return on equity of 35.24%. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the firm posted $1.25 earnings per share. sell-side analysts predict that Tractor Supply will post 4.19 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 11th. Investors of record on Monday, August 27th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Friday, August 24th. Tractor Supply’s payout ratio is 37.24%.
TSCO has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Tractor Supply from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a research note on Tuesday, August 28th. BidaskClub upgraded shares of Tractor Supply from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 6th. ValuEngine lowered shares of Tractor Supply from a “buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. Morgan Stanley raised their price target on shares of Tractor Supply from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, July 27th. Finally, Gordon Haskett began coverage on shares of Tractor Supply in a research note on Wednesday, June 20th. They set an “accumulate” rating and a $86.00 price objective on the stock. One analyst has rated the stock with a sell rating, twelve have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Tractor Supply currently has an average rating of “Buy” and a consensus price target of $80.60.
Large investors have recently modified their holdings of the stock. Piedmont Investment Advisors LLC bought a new stake in Tractor Supply during the second quarter worth approximately $106,000. Centaurus Financial Inc. bought a new stake in Tractor Supply during the first quarter worth approximately $100,000. Qube Research & Technologies Ltd bought a new stake in Tractor Supply during the second quarter worth approximately $130,000. Steward Partners Investment Advisory LLC boosted its holdings in Tractor Supply by 118.9% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,751 shares of the specialty retailer’s stock worth $134,000 after buying an additional 951 shares in the last quarter. Finally, NumerixS Investment Technologies Inc boosted its holdings in Tractor Supply by 58.3% during the second quarter. NumerixS Investment Technologies Inc now owns 1,900 shares of the specialty retailer’s stock worth $148,000 after buying an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 81.72% of the company’s stock.
Tractor Supply Company Profile
Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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