Tractor Supply (NASDAQ:TSCO) Shares Unloaded Sen. Tommy Tuberville

Senator Tommy Tuberville (R-Alabama) recently sold shares of Tractor Supply NASDAQ: TSCO. In a filing disclosed on February 14th, the Senator disclosed that they had sold between $15,001 and $50,000 in Tractor Supply stock on January 10th.

Senator Tommy Tuberville also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Apple NASDAQ: AAPL on 1/10/2025.
• Sold $15,001 - $50,000 in shares of Microsoft NASDAQ: MSFT on 1/10/2025.
• Sold $15,001 - $50,000 in shares of Diageo NYSE: DEO on 1/10/2025.
• Sold $15,001 - $50,000 in shares of Texas Instruments NASDAQ: TXN on 1/10/2025.
• Sold $1,001 - $15,000 in shares of Carrier Global NYSE: CARR on 1/10/2025.

Tractor Supply Stock Performance

Tractor Supply stock traded down $0.03 during trading hours on Wednesday, hitting $57.69. The stock had a trading volume of 1,468,837 shares, compared to its average volume of 5,461,415. The company has a 50-day moving average of $54.86 and a two-hundred day moving average of $55.43. The company has a quick ratio of 0.20, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. The company has a market cap of $30.80 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 2.92 and a beta of 0.84. Tractor Supply has a fifty-two week low of $46.76 and a fifty-two week high of $61.53.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The specialty retailer reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $2.28 by ($1.84). Tractor Supply had a return on equity of 49.01% and a net margin of 7.40%. On average, equities research analysts anticipate that Tractor Supply will post 2.17 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th will be given a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 6.38%. This is a positive change from Tractor Supply's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, February 26th. Tractor Supply's dividend payout ratio (DPR) is currently 43.14%.

Tractor Supply declared that its board has approved a stock repurchase plan on Thursday, February 13th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the specialty retailer to buy up to 3.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Institutional Investors Weigh In On Tractor Supply

Hedge funds and other institutional investors have recently made changes to their positions in the company. Silvant Capital Management LLC lifted its position in Tractor Supply by 20.9% during the 3rd quarter. Silvant Capital Management LLC now owns 14,781 shares of the specialty retailer's stock valued at $4,300,000 after purchasing an additional 2,556 shares during the period. Blueshift Asset Management LLC lifted its position in Tractor Supply by 32.7% during the 3rd quarter. Blueshift Asset Management LLC now owns 9,945 shares of the specialty retailer's stock valued at $2,893,000 after purchasing an additional 2,452 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Tractor Supply by 48.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,801 shares of the specialty retailer's stock valued at $2,851,000 after purchasing an additional 3,182 shares during the period. Mutual of America Capital Management LLC grew its holdings in Tractor Supply by 16.5% during the 3rd quarter. Mutual of America Capital Management LLC now owns 27,336 shares of the specialty retailer's stock worth $7,953,000 after acquiring an additional 3,863 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Tractor Supply by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 631,406 shares of the specialty retailer's stock worth $183,695,000 after acquiring an additional 8,142 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Tractor Supply news, CFO Kurt D. Barton sold 12,146 shares of Tractor Supply stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $56.00, for a total transaction of $680,176.00. Following the completion of the sale, the chief financial officer now owns 47,715 shares of the company's stock, valued at approximately $2,672,040. The trade was a 20.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Harry A. Lawton III sold 88,095 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $54.59, for a total value of $4,809,106.05. Following the transaction, the chief executive officer now owns 488,852 shares of the company's stock, valued at $26,686,430.68. The trade was a 15.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 134,143 shares of company stock valued at $7,315,961. Company insiders own 0.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on TSCO shares. Truist Financial dropped their price target on shares of Tractor Supply from $63.00 to $60.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Gordon Haskett lowered shares of Tractor Supply from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, October 24th. Evercore ISI raised Tractor Supply from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 15th. JPMorgan Chase & Co. boosted their price target on Tractor Supply from $58.00 to $59.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Finally, DA Davidson boosted their price target on Tractor Supply from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $59.22.

About Senator Tuberville

Tommy Tuberville (Republican Party) (also known as Coach) is a member of the U.S. Senate from Alabama. He assumed office on January 3, 2021. His current term ends on January 3, 2027. Tuberville (Republican Party) ran for election to the U.S. Senate to represent Alabama. He won in the general election on November 3, 2020. Tuberville was head coach for several college football teams between 1995 and 2016, including at Auburn University and the University of Cincinnati. Tommy Tuberville was born in Camden, Arkansas, and lives in Auburn, Alabama. Tuberville's career experience includes working as a studio analyst with ESPN and as the head football coach of the University of Mississippi, the University of Auburn, Texas Tech University, and the University of Cincinnati.

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.