Rep. Jared Moskowitz Purchases Shares of Tractor Supply (NASDAQ:TSCO)

Representative Jared Moskowitz (D-Florida) recently bought shares of Tractor Supply NASDAQ: TSCO. In a filing disclosed on December 09th, the Representative disclosed that they had bought between $1,001 and $15,000 in Tractor Supply stock on November 8th. The trade occurred in the Representative's "MORGAN STANLEY ACTIVE ASSETS (5)" account.

Representative Jared Moskowitz also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Atmos Energy NYSE: ATO on 11/8/2024.
• Purchased $1,001 - $15,000 in shares of Elevance Health NYSE: ELV on 11/8/2024.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 11/8/2024.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 11/8/2024.
• Purchased $1,001 - $15,000 in shares of QUALCOMM NASDAQ: QCOM on 11/8/2024.
• Purchased $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 11/8/2024.
• Purchased $1,001 - $15,000 in shares of McDonald's NYSE: MCD on 11/8/2024.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 11/8/2024.
• Sold $50,001 - $100,000 in shares of Seacoast Banking Co. of Florida NASDAQ: SBCF on 11/8/2024.
• Sold $15,001 - $50,000 in shares of Seacoast Banking Co. of Florida NASDAQ: SBCF on 11/8/2024.

Tractor Supply Stock Performance

NASDAQ TSCO traded up $0.98 during trading hours on Tuesday, hitting $284.71. 768,787 shares of the stock were exchanged, compared to its average volume of 1,051,631. The company has a market cap of $30.42 billion, a price-to-earnings ratio of 27.70, a price-to-earnings-growth ratio of 3.54 and a beta of 0.83. Tractor Supply has a 12-month low of $209.00 and a 12-month high of $307.64. The stock has a 50-day moving average of $284.80 and a 200 day moving average of $276.03. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81.

Shares of Tractor Supply are set to split before the market opens on Friday, December 20th. The 5-1 split was announced on Thursday, December 5th. The newly minted shares will be issued to shareholders after the closing bell on Thursday, December 19th.

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.55%. Tractor Supply's payout ratio is 42.80%.

Insider Activity

In related news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total value of $6,957,000.48. Following the completion of the sale, the chief financial officer now owns 9,683 shares of the company's stock, valued at approximately $2,862,682.12. This trade represents a 70.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.24% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on TSCO shares. Piper Sandler raised their target price on shares of Tractor Supply from $300.00 to $332.00 and gave the company an "overweight" rating in a research note on Monday, October 14th. JPMorgan Chase & Co. lifted their price target on shares of Tractor Supply from $260.00 to $290.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 16th. Gordon Haskett lowered shares of Tractor Supply from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, October 24th. Robert W. Baird set a $320.00 price objective on shares of Tractor Supply in a report on Thursday, October 17th. Finally, Barclays lifted their price target on shares of Tractor Supply from $250.00 to $262.00 and gave the company an "equal weight" rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $283.14.

Institutional Trading of Tractor Supply

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TSCO. Henrickson Nauta Wealth Advisors Inc. increased its position in shares of Tractor Supply by 3.2% during the 3rd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 1,127 shares of the specialty retailer's stock valued at $328,000 after purchasing an additional 35 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Tractor Supply by 0.5% during the 3rd quarter. Private Advisor Group LLC now owns 7,693 shares of the specialty retailer's stock valued at $2,238,000 after purchasing an additional 37 shares during the last quarter. Baldwin Investment Management LLC increased its position in shares of Tractor Supply by 0.3% during the 3rd quarter. Baldwin Investment Management LLC now owns 11,402 shares of the specialty retailer's stock valued at $3,317,000 after purchasing an additional 38 shares during the last quarter. X Square Capital LLC increased its position in shares of Tractor Supply by 1.6% during the 2nd quarter. X Square Capital LLC now owns 2,579 shares of the specialty retailer's stock valued at $696,000 after purchasing an additional 41 shares during the last quarter. Finally, TCI Wealth Advisors Inc. increased its position in shares of Tractor Supply by 5.1% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 846 shares of the specialty retailer's stock valued at $246,000 after purchasing an additional 41 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.

About Representative Moskowitz

Jared Evan Moskowitz (Democratic Party) is a member of the U.S. House, representing Florida's 23rd Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2025. Moskowitz (Democratic Party) is running for re-election to the U.S. House to represent Florida's 23rd Congressional District. He declared candidacy for the Democratic primary scheduled on August 20, 2024. Moskowitz resigned his state House seat on January 11, 2019, to head the state's Division of Emergency Management. Jared Evan Moskowitz was born in Coral Springs, Florida. Moskowitz graduated from Marjory Stoneman Douglas High School. He earned a bachelor's degree in political science and government from George Washington University in 2003 and a law degree from Nova Southeastern University in 2007. Moskowitz's career experience includes working as the director of the Florida Division of Emergency Management and general counsel with AshBritt Inc.

Tractor Supply Company Profile

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.