Colin Yankee Sells 11,170 Shares of Tractor Supply (NASDAQ:TSCO) Stock

Tractor Supply Company (NASDAQ:TSCO) EVP Colin Yankee sold 11,170 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $55.35, for a total transaction of $618,259.50. Following the sale, the executive vice president owned 45,515 shares in the company, valued at $2,519,255.25. The trade was a 19.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Tractor Supply Price Performance

Shares of NASDAQ:TSCO opened at $52.54 on Thursday. The firm has a 50 day moving average of $52.39 and a 200-day moving average of $55.33. Tractor Supply Company has a 12 month low of $46.85 and a 12 month high of $63.99. The company has a current ratio of 1.34, a quick ratio of 0.16 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $27.76 billion, a PE ratio of 25.38, a PEG ratio of 2.64 and a beta of 0.74.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, January 29th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.03). Tractor Supply had a return on equity of 44.36% and a net margin of 7.06%.The firm had revenue of $3.90 billion for the quarter, compared to analyst estimates of $4.03 billion. During the same quarter in the prior year, the business posted $0.44 EPS. The business’s revenue was up 3.3% on a year-over-year basis. On average, equities research analysts predict that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th will be issued a dividend of $0.24 per share. This is an increase from Tractor Supply’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Tuesday, February 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.8%. Tractor Supply’s payout ratio is presently 44.44%.

Wall Street Analyst Weigh In

TSCO has been the subject of several research analyst reports. The Goldman Sachs Group set a $59.00 target price on Tractor Supply and gave the stock a “buy” rating in a research note on Friday, January 30th. Wells Fargo & Company reiterated an “overweight” rating and set a $65.00 price objective on shares of Tractor Supply in a research report on Thursday, October 23rd. UBS Group set a $55.00 target price on shares of Tractor Supply in a research report on Friday, January 30th. Argus dropped their price target on Tractor Supply from $67.00 to $64.00 and set a “buy” rating for the company in a research note on Monday, February 2nd. Finally, DA Davidson restated a “buy” rating and set a $60.00 price objective on shares of Tractor Supply in a research report on Friday, January 30th. Fifteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Tractor Supply has an average rating of “Moderate Buy” and an average target price of $59.78.

Institutional Investors Weigh In On Tractor Supply

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Tractor Supply by 1.6% in the second quarter. Vanguard Group Inc. now owns 67,679,109 shares of the specialty retailer’s stock worth $3,571,427,000 after acquiring an additional 1,047,687 shares during the period. Wellington Management Group LLP lifted its position in shares of Tractor Supply by 1.6% in the 3rd quarter. Wellington Management Group LLP now owns 25,931,699 shares of the specialty retailer’s stock worth $1,474,736,000 after purchasing an additional 420,731 shares during the period. Capital International Investors boosted its stake in shares of Tractor Supply by 3.9% in the 4th quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer’s stock valued at $1,214,390,000 after purchasing an additional 902,659 shares during the last quarter. State Street Corp increased its position in shares of Tractor Supply by 0.7% during the fourth quarter. State Street Corp now owns 23,051,776 shares of the specialty retailer’s stock worth $1,152,819,000 after buying an additional 162,774 shares during the period. Finally, Geode Capital Management LLC raised its stake in Tractor Supply by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 15,873,514 shares of the specialty retailer’s stock worth $791,703,000 after buying an additional 184,457 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

About Tractor Supply

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.