Tractor Supply Co. (NASDAQ:TSCO) shares were down 4.3% on Thursday . The company traded as low as $86.70 and last traded at $86.96, with a volume of 1,657,420 shares changing hands. The stock had previously closed at $90.91.

A number of research analysts have weighed in on TSCO shares. Zacks Investment Research downgraded Tractor Supply from a “buy” rating to a “hold” rating in a report on Friday, May 6th. Goldman Sachs Group Inc. increased their target price on Tractor Supply from $92.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, April 6th. Deutsche Bank AG reissued a “buy” rating and issued a $100.00 target price (up previously from $94.00) on shares of Tractor Supply in a report on Thursday, April 14th. Nomura reissued a “buy” rating and issued a $105.00 target price (up previously from $98.00) on shares of Tractor Supply in a report on Thursday, April 21st. Finally, Barclays PLC reissued an “overweight” rating and issued a $100.00 target price on shares of Tractor Supply in a report on Thursday, June 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $102.94.

The firm’s 50-day moving average is $92.21 and its 200-day moving average is $90.26. The stock has a market capitalization of $11.53 billion and a price-to-earnings ratio of 27.69.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.16. The company earned $1.85 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same period last year, the firm earned $1.12 EPS. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities analysts expect that Tractor Supply Co. will post $3.38 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 30th. Stockholders of record on Monday, August 15th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $0.96 annualized dividend and a dividend yield of 1.11%.

In other news, CMO Steve K. Barbarick sold 11,250 shares of the business’s stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $96.59, for a total value of $1,086,637.50. Following the completion of the transaction, the chief marketing officer now owns 52,385 shares of the company’s stock, valued at approximately $5,059,867.15. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Anthony F. Crudele sold 18,894 shares of the business’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $96.16, for a total value of $1,816,847.04. Following the completion of the transaction, the chief financial officer now directly owns 74,260 shares of the company’s stock, valued at approximately $7,140,841.60. The disclosure for this sale can be found here.

Other institutional investors recently modified their holdings of the company. Advantus Capital Management Inc boosted its position in shares of Tractor Supply by 3.3% in the fourth quarter. Advantus Capital Management Inc now owns 13,054 shares of the company’s stock valued at $1,116,000 after buying an additional 418 shares during the period. GSA Capital Partners LLP boosted its position in shares of Tractor Supply by 9.2% in the fourth quarter. GSA Capital Partners LLP now owns 14,122 shares of the company’s stock valued at $1,207,000 after buying an additional 1,189 shares during the period. Hodges Capital Management Inc. boosted its position in shares of Tractor Supply by 1.2% in the fourth quarter. Hodges Capital Management Inc. now owns 17,400 shares of the company’s stock valued at $1,488,000 after buying an additional 200 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position in shares of Tractor Supply by 4.8% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 18,002 shares of the company’s stock valued at $1,539,000 after buying an additional 831 shares during the period. Finally, KBC Group NV boosted its position in shares of Tractor Supply by 9.7% in the fourth quarter. KBC Group NV now owns 18,250 shares of the company’s stock valued at $1,561,000 after buying an additional 1,614 shares during the period.

Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company operates in the retail sale of products that support the rural lifestyle segment. The Company focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses.

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