Tractor Supply (NASDAQ:TSCO) Shares to Split on Friday, December 20th

Tractor Supply (NASDAQ:TSCO - Free Report)'s stock is going to split on the morning of Friday, December 20th. The 5-1 split was announced on Thursday, December 5th. The newly created shares will be payable to shareholders after the market closes on Thursday, December 19th.

Tractor Supply Stock Down 0.0 %

Shares of TSCO stock traded down $0.01 on Friday, reaching $282.46. 1,069,473 shares of the company were exchanged, compared to its average volume of 903,741. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17. The company has a 50-day moving average of $285.15 and a 200-day moving average of $276.05. The company has a market cap of $30.18 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 3.54 and a beta of 0.83. Tractor Supply has a one year low of $207.00 and a one year high of $307.64.

Tractor Supply Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Monday, November 25th. Tractor Supply's dividend payout ratio (DPR) is currently 42.80%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TSCO. Robert W. Baird set a $320.00 price objective on Tractor Supply in a report on Thursday, October 17th. Mizuho upped their price objective on shares of Tractor Supply from $250.00 to $270.00 and gave the stock a "neutral" rating in a report on Friday, October 25th. Wedbush reaffirmed a "neutral" rating and issued a $270.00 price objective on shares of Tractor Supply in a research note on Friday, October 25th. Evercore ISI raised shares of Tractor Supply from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 15th. Finally, Melius Research assumed coverage on shares of Tractor Supply in a research report on Monday, September 23rd. They issued a "buy" rating and a $315.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $282.59.

Insiders Place Their Bets

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the completion of the transaction, the chief financial officer now directly owns 9,683 shares of the company's stock, valued at approximately $2,862,682.12. This represents a 70.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.24% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its stake in Tractor Supply by 527.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 26,501 shares of the specialty retailer's stock valued at $7,155,000 after acquiring an additional 22,279 shares during the period. Ballentine Partners LLC lifted its stake in shares of Tractor Supply by 2.1% during the 2nd quarter. Ballentine Partners LLC now owns 4,504 shares of the specialty retailer's stock valued at $1,216,000 after buying an additional 93 shares in the last quarter. Silvant Capital Management LLC boosted its holdings in Tractor Supply by 20.9% in the 3rd quarter. Silvant Capital Management LLC now owns 14,781 shares of the specialty retailer's stock worth $4,300,000 after buying an additional 2,556 shares during the period. Blueshift Asset Management LLC grew its stake in Tractor Supply by 32.7% in the 3rd quarter. Blueshift Asset Management LLC now owns 9,945 shares of the specialty retailer's stock valued at $2,893,000 after buying an additional 2,452 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in Tractor Supply during the 2nd quarter valued at $13,353,000. Hedge funds and other institutional investors own 98.72% of the company's stock.

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.