Tractor Supply (NASDAQ:TSCO) EVP Colin Yankee Sells 24,602 Shares

Tractor Supply (NASDAQ:TSCO) EVP Colin Yankee sold 24,602 shares of the business’s stock in a transaction dated Tuesday, February 11th. The stock was 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 $1,821,876.75. The trade was a 42.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Tractor Supply Stock Up 0.3 %

Shares of NASDAQ:TSCO opened at $57.14 on Friday. The stock has a market capitalization of $30.51 billion, a price-to-earnings ratio of 28.01, a price-to-earnings-growth ratio of 2.70 and a beta of 0.84. Tractor Supply has a 1-year low of $46.76 and a 1-year high of $61.53. The company’s fifty day moving average is $54.84 and its two-hundred day moving average is $55.32. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.20 and a current ratio of 1.43.

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

Tractor Supply Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 6.44%. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.22. Tractor Supply’s dividend payout ratio is currently 43.14%.

Tractor Supply declared that its board has approved a stock repurchase program on Thursday, February 13th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the specialty retailer to buy up to 3.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Tractor Supply

A number of institutional investors and hedge funds have recently bought and sold shares of TSCO. CWM LLC grew its position in Tractor Supply by 2.6% in the 3rd quarter. CWM LLC now owns 2,620 shares of the specialty retailer’s stock valued at $762,000 after buying an additional 66 shares in the last quarter. Creative Planning grew its position in Tractor Supply by 2.7% in the 3rd quarter. Creative Planning now owns 32,004 shares of the specialty retailer’s stock valued at $9,311,000 after buying an additional 842 shares in the last quarter. Jamison Private Wealth Management Inc. grew its position in Tractor Supply by 16.9% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 4,796 shares of the specialty retailer’s stock valued at $1,395,000 after buying an additional 695 shares in the last quarter. Griffin Asset Management Inc. boosted its position in shares of Tractor Supply by 8.5% during the 3rd quarter. Griffin Asset Management Inc. now owns 3,392 shares of the specialty retailer’s stock valued at $987,000 after purchasing an additional 265 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in shares of Tractor Supply by 14.6% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 13,042 shares of the specialty retailer’s stock valued at $3,794,000 after purchasing an additional 1,662 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Bank of America boosted their price target on shares of Tractor Supply from $44.00 to $53.00 and gave the stock an “underperform” rating in a research report on Thursday, January 16th. Evercore ISI upgraded shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 15th. Wedbush restated a “neutral” rating and set a $54.00 price target on shares of Tractor Supply in a research report on Friday, October 25th. Loop Capital boosted their price target on shares of Tractor Supply from $53.00 to $58.00 and gave the stock a “hold” rating in a research report on Thursday, December 12th. Finally, Truist Financial decreased their target price on shares of Tractor Supply from $63.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $59.22.

About Tractor Supply

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.