Robert Mills Sells 62,950 Shares of Tractor Supply (NASDAQ:TSCO) Stock

Tractor Supply Company (NASDAQ:TSCO) EVP Robert Mills sold 62,950 shares of Tractor Supply stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $54.12, for a total transaction of $3,406,854.00. Following the completion of the transaction, the executive vice president directly owned 122,834 shares in the company, valued at $6,647,776.08. This represents a 33.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Tractor Supply Price Performance

TSCO stock traded down $0.12 on Thursday, hitting $54.41. 5,824,201 shares of the company’s stock traded hands, compared to its average volume of 8,296,703. Tractor Supply Company has a 1-year low of $46.85 and a 1-year high of $63.99. The stock has a market cap of $28.75 billion, a price-to-earnings ratio of 26.29, a P/E/G ratio of 2.71 and a beta of 0.74. The stock has a fifty day moving average of $52.34 and a 200-day moving average of $55.47. The company has a current ratio of 1.34, a quick ratio of 0.16 and a debt-to-equity ratio of 0.70.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, January 29th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.03). The business had revenue of $3.90 billion during the quarter, compared to analyst estimates of $4.03 billion. Tractor Supply had a return on equity of 44.36% and a net margin of 7.06%.The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.44 EPS. On average, analysts forecast that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, February 24th. This represents a $0.96 dividend on an annualized basis and a yield of 1.8%. This is an increase from Tractor Supply’s previous quarterly dividend of $0.23. Tractor Supply’s dividend payout ratio (DPR) is 44.44%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Tractor Supply by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 67,679,109 shares of the specialty retailer’s stock worth $3,571,427,000 after purchasing an additional 1,047,687 shares during the last quarter. Wellington Management Group LLP increased its position in Tractor Supply by 1.6% in the 3rd quarter. Wellington Management Group LLP now owns 25,931,699 shares of the specialty retailer’s stock worth $1,474,736,000 after buying an additional 420,731 shares during the period. Capital International Investors lifted its holdings in shares of Tractor Supply by 3.9% during the fourth quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer’s stock worth $1,214,390,000 after buying an additional 902,659 shares during the last quarter. State Street Corp boosted its position in shares of Tractor Supply by 0.7% in the second quarter. State Street Corp now owns 23,002,120 shares of the specialty retailer’s stock valued at $1,213,822,000 after acquiring an additional 150,392 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Tractor Supply by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 15,873,514 shares of the specialty retailer’s stock worth $791,703,000 after acquiring an additional 184,457 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. UBS Group set a $55.00 price target on shares of Tractor Supply in a report on Friday, January 30th. Telsey Advisory Group cut their target price on shares of Tractor Supply from $70.00 to $63.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. Guggenheim reaffirmed a “buy” rating and issued a $65.00 target price on shares of Tractor Supply in a research report on Thursday, January 22nd. DA Davidson reiterated a “buy” rating and set a $60.00 price target on shares of Tractor Supply in a report on Friday, January 30th. Finally, Jefferies Financial Group reduced their price objective on Tractor Supply from $63.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Fifteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $59.78.

About Tractor Supply

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.