Rep. April McClain Delaney Buys Tractor Supply (NASDAQ:TSCO) Shares

Representative April McClain Delaney (D-Maryland) recently bought shares of Tractor Supply NASDAQ: TSCO. In a filing disclosed on March 20th, the Representative disclosed that they had bought between $1,001 and $15,000 in Tractor Supply stock on February 9th.

Representative April McClain Delaney also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Revvity NYSE: RVTY on 2/28/2025.
• Purchased $1,001 - $15,000 in shares of Laboratory Co. of America NYSE: LH on 2/28/2025.
• Purchased $15,001 - $50,000 in shares of Corpay NYSE: CPAY on 2/28/2025.
• Sold $1,001 - $15,000 in shares of Tempur Sealy International NYSE: TPX on 2/28/2025.
• Purchased $1,001 - $15,000 in shares of CACI International NYSE: CACI on 2/27/2025.
• Purchased $1,001 - $15,000 in shares of Laboratory Co. of America NYSE: LH on 2/27/2025.
• Purchased $1,001 - $15,000 in shares of Paychex NASDAQ: PAYX on 2/27/2025.
• Sold $15,001 - $50,000 in shares of Teledyne Technologies NYSE: TDY on 2/22/2025.
• Purchased $1,001 - $15,000 in shares of Corpay NYSE: CPAY on 2/22/2025.
• Sold $1,001 - $15,000 in shares of Tempur Sealy International NYSE: TPX on 2/22/2025.

Tractor Supply Stock Performance

TSCO traded down $0.70 during trading on Tuesday, hitting $52.83. 3,243,056 shares of the stock were exchanged, compared to its average volume of 4,899,349. The firm has a market capitalization of $28.21 billion, a P/E ratio of 25.90, a PEG ratio of 2.95 and a beta of 0.85. Tractor Supply has a 1-year low of $48.30 and a 1-year high of $61.53. The stock has a fifty day moving average price of $55.01 and a two-hundred day moving average price of $55.68. The company has a quick ratio of 0.20, a current ratio of 1.43 and a debt-to-equity ratio of 0.82.

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Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The specialty retailer reported $0.44 EPS for the quarter, missing the consensus estimate of $2.28 by ($1.84). Tractor Supply had a net margin of 7.40% and a return on equity of 49.01%. As a group, sell-side analysts predict that Tractor Supply will post 2.17 earnings per share for the current year.

Tractor Supply Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th were issued a $0.92 dividend. This is an increase from Tractor Supply's previous quarterly dividend of $0.22. This represents a $3.68 annualized dividend and a dividend yield of 6.97%. The ex-dividend date was Wednesday, February 26th. Tractor Supply's payout ratio is presently 45.10%.

Tractor Supply declared that its board has initiated a share repurchase program on Thursday, February 13th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to buy up to 3.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.

Institutional Investors Weigh In On Tractor Supply

Several institutional investors and hedge funds have recently made changes to their positions in TSCO. Vanguard Group Inc. raised its position in Tractor Supply by 392.5% during the fourth quarter. Vanguard Group Inc. now owns 64,033,972 shares of the specialty retailer's stock worth $3,397,643,000 after acquiring an additional 51,031,178 shares during the last quarter. Wellington Management Group LLP lifted its stake in Tractor Supply by 401.8% in the 4th quarter. Wellington Management Group LLP now owns 23,789,249 shares of the specialty retailer's stock valued at $1,262,258,000 after buying an additional 19,048,385 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Tractor Supply by 403.3% during the 4th quarter. Alliancebernstein L.P. now owns 22,256,534 shares of the specialty retailer's stock valued at $1,180,932,000 after buying an additional 17,834,643 shares during the last quarter. Capital World Investors increased its position in Tractor Supply by 403.7% during the fourth quarter. Capital World Investors now owns 19,433,135 shares of the specialty retailer's stock worth $1,031,122,000 after buying an additional 15,575,311 shares in the last quarter. Finally, Capital International Investors raised its holdings in shares of Tractor Supply by 334.7% in the fourth quarter. Capital International Investors now owns 15,429,288 shares of the specialty retailer's stock worth $818,421,000 after acquiring an additional 11,880,010 shares during the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Colin Yankee sold 24,602 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $54.15, for a total value of $1,332,198.30. Following the completion of the transaction, the executive vice president now owns 33,645 shares of the company's stock, valued at $1,821,876.75. The trade was a 42.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Matthew L. Rubin sold 3,850 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $57.69, for a total transaction of $222,106.50. Following the sale, the senior vice president now owns 31,787 shares in the company, valued at approximately $1,833,792.03. This trade represents a 10.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 137,993 shares of company stock worth $7,538,068 over the last three months. 0.24% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on TSCO shares. Bank of America boosted their price target on Tractor Supply from $44.00 to $53.00 and gave the company an "underperform" rating in a research report on Thursday, January 16th. Barclays dropped their target price on Tractor Supply from $262.00 to $52.00 and set an "equal weight" rating on the stock in a report on Monday, December 30th. JPMorgan Chase & Co. increased their price target on Tractor Supply from $58.00 to $59.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Loop Capital upped their price objective on shares of Tractor Supply from $53.00 to $58.00 and gave the stock a "hold" rating in a research report on Thursday, December 12th. Finally, Guggenheim restated a "buy" rating and issued a $60.00 target price on shares of Tractor Supply in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $59.22.

About Representative McClain Delaney

April McClain-Delaney (Democratic Party) is a member of the U.S. House, representing Maryland's 6th Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. McClain-Delaney (Democratic Party) is running for re-election to the U.S. House to represent Maryland's 6th Congressional District. She declared candidacy for the 2026 election. April McClain-Delaney grew up in Buhl, Idaho, where her father was a potato farmer. She obtained her bachelor's degree in communications from Northwestern University in 1986 and her law degree from Georgetown Law Center in 1989. McClain-Delaney worked in communications law, first with the satellite firm Orion Network Systems and later as the Washington director for Common Sense Media, a nonprofit focused on technology and children. In 2022, McClain-Delaney joined the U.S. Department of Commerce under President Joe Biden (D) as deputy assistant secretary for communications and information. McClain-Delaney served on the board of the Georgetown University Law Center, the International Center for Research on Women, and the Northwestern University School of Communications.

About Tractor Supply

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.