Supply of Tractors (NASDAQ: TSCO – Get a rating) Director Cynthia T. Jamison sold 5,200 shares of the company in a trade dated Thursday, May 12. The shares were sold at an average price of $195.10, for a total transaction of $1,014,520.00. Following the transaction, the administrator now owns 24,280 shares of the company, valued at $4,737,028. The sale was disclosed in an SEC filing, available at this hyperlink.
NASDAQ TSCO shares traded at $5.32 midday on Friday, hitting $201.85. 757,949 shares of the company were traded, against an average volume of 1,068,189. The company has a quick ratio of 0.27, a current ratio of 1.44 and a leverage ratio of 0.57. The stock has a market capitalization of $22.58 billion, a price/earnings ratio of 22.54, a P/E/G ratio of 2.14 and a beta of 1.03. Tractor Supply has a 1-year low of $170.82 and a 1-year high of $241.54. The company has a 50-day moving average of $221.88 and a 200-day moving average of $221.63.
Supply of Tractors (NASDAQ: TSCO – Get a rating) last released its quarterly results on Thursday, April 21. The specialty retailer reported EPS of $1.65 for the quarter, beating consensus analyst estimates of $1.40 by $0.25. Tractor Supply had a return on equity of 51.48% and a net margin of 7.74%. The company posted revenue of $3.02 billion in the quarter, versus $2.92 billion expected by analysts. During the same period last year, the company posted earnings per share of $1.55. The company’s revenue increased by 8.3% compared to the same quarter last year. On average, stock analysts expect Tractor Supply to post earnings per share of 9.49 for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 8. Shareholders of record on Wednesday, May 25 will receive a dividend of $0.92. This represents a dividend of $3.68 on an annualized basis and a yield of 1.82%. The ex-dividend date is Tuesday, May 24. Tractor Supply’s dividend payout ratio (DPR) is currently 42.20%.
Several stock analysts have recently commented on TSCO’s actions. Gordon Haskett downgraded shares of Tractor Supply from a “buy” rating to an “accumulate” rating in a Friday May 6 research note. Raymond James raised his price target on shares of Tractor Supply from $245.00 to $255.00 and gave the stock a “Strong Buy” rating in a Friday, April 22 research note. Truist Financial assumed coverage for Tractor Supply shares in a Thursday, Jan. 13, research note. They issued a “buy” rating and a target price of $270.00 on the stock. Morgan Stanley lowered its price target on shares of Tractor Supply from $235.00 to $220.00 and set an “equal weight” rating on the stock in a Monday, April 25 research note. Finally, Piper Sandler raised her price target on Tractor Supply shares from $258.00 to $261.00 and gave the stock an “overweight” rating in a Friday, April 22 research note. Seven research analysts gave the stock a hold rating, thirteen gave the company a buy rating and one gave the company a strong buy rating. According to MarketBeat, the stock currently has an average buy rating and an average target price of $241.05.
A number of institutional investors have recently increased or reduced their stake in TSCO. Whittier Trust Co. of Nevada Inc. increased its stake in Tractor Supply by 194.4% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 106 shares of the specialty retailer valued at $25,000 after buying 70 additional shares in the last quarter. Bell Investment Advisors Inc acquired a new position in shares of Tractor Supply in the third quarter worth approximately $26,000. Zullo Investment Group Inc. acquired a new position in shares of Tractor Supply in the fourth quarter worth approximately $26,000. BDO Wealth Advisors LLC increased its holdings of Tractor Supply shares by 78.1% in the first quarter. BDO Wealth Advisors LLC now owns 114 shares of the specialty retailer valued at $27,000 after buying an additional 50 shares during the period. Finally, Gradient Investments LLC acquired a new position in shares of Tractor Supply in the fourth quarter worth approximately $28,000. Institutional investors hold 83.17% of the company’s shares.
Tractor Supply Company Profile (Get a rating)
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, electrical equipment, gifts and toys; work/leisure clothing and footwear; and maintenance products for agricultural and rural use.
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