Tractor Supply (NASDAQ:TSCO) EVP Benjamin F. Parrish, Jr. sold 25,252 shares of Tractor Supply stock in a transaction on Monday, September 10th. The stock was sold at an average price of $89.62, for a total value of $2,263,084.24. Following the sale, the executive vice president now directly owns 28,700 shares of the company’s stock, valued at $2,572,094. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NASDAQ:TSCO opened at $88.63 on Thursday. Tractor Supply has a 1 year low of $54.76 and a 1 year high of $91.92. The company has a quick ratio of 0.19, a current ratio of 1.92 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $10.90 billion, a price-to-earnings ratio of 26.62, a price-to-earnings-growth ratio of 1.67 and a beta of 1.42.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, July 26th. The specialty retailer reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.08. Tractor Supply had a return on equity of 35.24% and a net margin of 6.34%. The firm had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the previous year, the firm earned $1.25 earnings per share. The company’s revenue was up 9.7% on a year-over-year basis. equities research analysts anticipate that Tractor Supply will post 4.19 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 11th. Stockholders of record on Monday, August 27th were issued a $0.31 dividend. The ex-dividend date was Friday, August 24th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.40%. Tractor Supply’s dividend payout ratio (DPR) is 37.24%.

TSCO has been the subject of a number of analyst reports. Zacks Investment Research raised Tractor Supply from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a research note on Tuesday, August 28th. BidaskClub raised Tractor Supply from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 6th. ValuEngine cut Tractor Supply from a “buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. Morgan Stanley lifted their price objective on Tractor Supply from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, July 27th. Finally, Gordon Haskett initiated coverage on Tractor Supply in a research note on Wednesday, June 20th. They set an “accumulate” rating and a $86.00 price objective for the company. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $80.60.

Several institutional investors have recently modified their holdings of TSCO. Atria Investments LLC bought a new stake in shares of Tractor Supply in the first quarter valued at about $330,000. Victory Capital Management Inc. lifted its holdings in shares of Tractor Supply by 38.8% in the first quarter. Victory Capital Management Inc. now owns 37,491 shares of the specialty retailer’s stock valued at $2,363,000 after purchasing an additional 10,471 shares in the last quarter. M&T Bank Corp lifted its holdings in shares of Tractor Supply by 63.2% in the first quarter. M&T Bank Corp now owns 12,839 shares of the specialty retailer’s stock valued at $809,000 after purchasing an additional 4,974 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Tractor Supply by 54.3% in the first quarter. Robeco Institutional Asset Management B.V. now owns 199,335 shares of the specialty retailer’s stock valued at $12,562,000 after purchasing an additional 70,186 shares in the last quarter. Finally, Eaton Vance Management lifted its holdings in shares of Tractor Supply by 5.6% in the first quarter. Eaton Vance Management now owns 237,832 shares of the specialty retailer’s stock valued at $14,988,000 after purchasing an additional 12,657 shares in the last quarter. Institutional investors own 81.71% of the company’s stock.

About Tractor Supply

Tractor Supply Company operates rural lifestyle retail stores 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.

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

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