Tractor Supply Co. (NASDAQ:TSCO)’s share price dropped 4.3% on Thursday . The stock traded as low as $86.70 and last traded at $86.96, with a volume of 1,657,420 shares. The stock had previously closed at $90.91.

TSCO has been the topic of several recent research reports. Goldman Sachs Group Inc. reiterated a “hold” rating and issued a $102.00 price objective (up previously from $95.00) on shares of Tractor Supply in a research note on Thursday, April 21st. Deutsche Bank AG reiterated a “buy” rating and issued a $100.00 price objective (up previously from $94.00) on shares of Tractor Supply in a research note on Thursday, April 21st. Oppenheimer Holdings Inc. increased their price objective on shares of Tractor Supply from $92.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, June 10th. Wedbush reiterated an “outperform” rating and issued a $96.00 price objective on shares of Tractor Supply in a research note on Thursday, July 21st. Finally, Northcoast Research cut shares of Tractor Supply from a “buy” rating to a “neutral” rating in a research note on Thursday, June 30th. One equities 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’s stock. The company has a consensus rating of “Buy” and an average target price of $102.94.

The firm has a market capitalization of $11.63 billion and a PE ratio of 27.92. The firm’s 50-day moving average price is $91.89 and its 200-day moving average price is $90.21.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 30th. Shareholders of record on Monday, August 15th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Thursday, August 11th.

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

Other hedge funds and institutional investors have made changes to their positions in the company. Morgan Stanley increased its position in shares of Tractor Supply by 50.2% in the fourth quarter. Morgan Stanley now owns 647,000 shares of the company’s stock valued at $55,321,000 after buying an additional 216,337 shares during the last quarter. Green Valley Investors LLC acquired a new position in shares of Tractor Supply during the fourth quarter valued at $14,065,000. BNP Paribas Arbitrage SA increased its position in shares of Tractor Supply by 209.4% in the fourth quarter. BNP Paribas Arbitrage SA now owns 206,432 shares of the company’s stock valued at $17,650,000 after buying an additional 139,713 shares during the last quarter. RS Investment Management Co. LLC acquired a new position in shares of Tractor Supply during the fourth quarter valued at $3,800,000. Finally, BlackRock Advisors LLC increased its position in shares of Tractor Supply by 36.5% in the fourth quarter. BlackRock Advisors LLC now owns 136,388 shares of the company’s stock valued at $11,661,000 after buying an additional 36,452 shares during the last quarter.

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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