Tractor Supply (NASDAQ:TSCO) EVP Sells $1,332,198.30 in Stock

Tractor Supply (NASDAQ:TSCO) EVP Colin Yankee sold 24,602 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $54.15, for a total transaction of $1,332,198.30. Following the transaction, the executive vice president now owns 33,645 shares in the company, valued at approximately $1,821,876.75. This represents a 42.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Tractor Supply Trading Up 0.3 %

Shares of Tractor Supply stock opened at $57.14 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.20. The firm has a fifty day moving average price of $54.84 and a 200 day moving average price of $55.32. Tractor Supply has a 1 year low of $46.76 and a 1 year high of $61.53. The stock has a market cap of $30.51 billion, a PE ratio of 28.01, a price-to-earnings-growth ratio of 2.70 and a beta of 0.84.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, January 30th. The specialty retailer reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $2.28 by ($1.84). Tractor Supply had a net margin of 7.40% and a return on equity of 49.01%. Equities research analysts predict that Tractor Supply will post 2.17 earnings per share for the current year.

Tractor Supply declared that its board has authorized a share repurchase plan on Thursday, February 13th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the specialty retailer to buy up to 3.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Tractor Supply Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th will be issued a $0.92 dividend. This is a boost from Tractor Supply’s previous quarterly dividend of $0.22. This represents a $3.68 dividend on an annualized basis and a yield of 6.44%. Tractor Supply’s payout ratio is presently 43.14%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TSCO shares. Wells Fargo & Company lowered their target price on shares of Tractor Supply from $65.00 to $64.00 and set an “overweight” rating for the company in a research note on Monday, November 25th. Bank of America raised their target price on shares of Tractor Supply from $44.00 to $53.00 and gave the company an “underperform” rating in a research note on Thursday, January 16th. Evercore ISI upgraded shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 15th. Wedbush restated a “neutral” rating and issued a $54.00 target price on shares of Tractor Supply in a research note on Friday, October 25th. Finally, Raymond James raised their target price on shares of Tractor Supply from $57.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $59.22.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TSCO. West Paces Advisors Inc. increased its stake in shares of Tractor Supply by 400.0% during the fourth quarter. West Paces Advisors Inc. now owns 3,060 shares of the specialty retailer’s stock worth $162,000 after purchasing an additional 2,448 shares in the last quarter. Wahed Invest LLC increased its stake in shares of Tractor Supply by 407.6% during the fourth quarter. Wahed Invest LLC now owns 13,293 shares of the specialty retailer’s stock worth $705,000 after purchasing an additional 10,674 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in shares of Tractor Supply by 420.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 78,539 shares of the specialty retailer’s stock worth $4,167,000 after purchasing an additional 63,460 shares in the last quarter. Cypress Advisory Group LLC purchased a new stake in shares of Tractor Supply during the fourth quarter worth about $938,000. Finally, Bison Wealth LLC increased its stake in shares of Tractor Supply by 356.1% during the fourth quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock worth $341,000 after purchasing an additional 5,017 shares in the last quarter. Hedge funds and other institutional investors 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.