Harry A. Lawton III Sells 20,500 Shares of Tractor Supply (NASDAQ:TSCO) Stock

Tractor Supply (NASDAQ:TSCOGet Free Report) CEO Harry A. Lawton III sold 20,500 shares of Tractor Supply stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $232.93, for a total value of $4,775,065.00. Following the sale, the chief executive officer now owns 95,192 shares in the company, valued at $22,173,072.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Tractor Supply Price Performance

Shares of Tractor Supply stock traded up $1.13 during trading on Monday, reaching $236.21. 1,239,008 shares of the stock traded hands, compared to its average volume of 1,453,490. The company has a market capitalization of $25.54 billion, a price-to-earnings ratio of 23.30, a P/E/G ratio of 3.54 and a beta of 0.83. The business has a fifty day simple moving average of $221.03 and a two-hundred day simple moving average of $212.98. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.50 and a quick ratio of 0.28. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $251.17.

Tractor Supply (NASDAQ:TSCOGet Free Report) last released its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $2.28 EPS for the quarter, topping the consensus estimate of $2.22 by $0.06. The company had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.67 billion. Tractor Supply had a return on equity of 53.60% and a net margin of 7.61%. The firm’s revenue was down 8.6% on a year-over-year basis. During the same quarter last year, the business posted $2.43 earnings per share. Sell-side analysts expect that Tractor Supply will post 10.18 EPS for the current year.

Tractor Supply Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 12th. Investors of record on Monday, February 26th will be given a $1.10 dividend. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $4.40 annualized dividend and a yield of 1.86%. This is a positive change from Tractor Supply’s previous quarterly dividend of $1.03. Tractor Supply’s dividend payout ratio (DPR) is currently 40.83%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. OFI Invest Asset Management bought a new stake in shares of Tractor Supply during the third quarter valued at approximately $25,000. Compass Wealth Management LLC bought a new stake in shares of Tractor Supply during the fourth quarter valued at approximately $25,000. Pacific Center for Financial Services bought a new stake in shares of Tractor Supply during the first quarter valued at approximately $26,000. Private Wealth Management Group LLC bought a new stake in shares of Tractor Supply during the fourth quarter valued at approximately $27,000. Finally, Pinnacle Bancorp Inc. bought a new stake in shares of Tractor Supply during the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 90.38% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Telsey Advisory Group upped their price objective on shares of Tractor Supply from $245.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Stephens lowered Tractor Supply from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $226.00 to $240.00 in a research note on Tuesday, January 23rd. Wells Fargo & Company increased their price objective on Tractor Supply from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Guggenheim raised their target price on shares of Tractor Supply from $210.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Tractor Supply from $218.00 to $208.00 and set a “neutral” rating for the company in a research note on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $237.40.

Get Our Latest Stock Report on TSCO

About Tractor Supply

(Get Free Report)

Tractor Supply Company operates as a rural lifestyle retailer 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.

Featured Articles

Insider Buying and Selling by Quarter for Tractor Supply (NASDAQ:TSCO)

Receive News & Ratings for Tractor Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply and related companies with MarketBeat.com's FREE daily email newsletter.