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

Tractor Supply (NASDAQ:TSCO) shares are set to split before the market opens on Friday, December 20th. The 5-1 split was announced on Thursday, December 5th. The newly issued shares will be distributed to shareholders after the closing bell on Thursday, December 19th.

Tractor Supply Stock Down 0.0 %

Shares of NASDAQ:TSCO opened at $282.46 on Friday. 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 stock has a market cap of $30.18 billion, a price-to-earnings ratio of 27.48, a P/E/G ratio of 3.58 and a beta of 0.83. The company has a 50 day moving average of $285.15 and a 200-day moving average of $276.05. Tractor Supply has a one year low of $207.00 and a one year high of $307.64.

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be issued 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 is presently 42.80%.

Analysts Set New Price Targets

TSCO has been the topic of a number of analyst reports. UBS Group increased their price target on Tractor Supply from $272.00 to $280.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. increased their target price on Tractor Supply from $260.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Raymond James boosted their target price on Tractor Supply from $285.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Telsey Advisory Group reiterated an “outperform” rating and issued a $335.00 price target on shares of Tractor Supply in a research report on Friday. Finally, Gordon Haskett lowered shares of Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $282.59.

Insiders Place Their Bets

In related news, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction on Tuesday, October 1st. The shares were 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 owns 9,683 shares in the company, 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 SEC, which can be accessed through this hyperlink. Insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Tractor Supply

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC boosted its position in Tractor Supply by 3.1% during the second quarter. CWM LLC now owns 2,554 shares of the specialty retailer’s stock valued at $689,000 after purchasing an additional 76 shares during the last quarter. Czech National Bank boosted its holdings in shares of Tractor Supply by 8.0% in the 2nd quarter. Czech National Bank now owns 20,545 shares of the specialty retailer’s stock valued at $5,547,000 after buying an additional 1,523 shares during the last quarter. Signature Wealth Management Group grew its stake in shares of Tractor Supply by 0.5% in the second quarter. Signature Wealth Management Group now owns 6,999 shares of the specialty retailer’s stock valued at $1,890,000 after buying an additional 38 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in Tractor Supply by 3.6% during the second quarter. Sequoia Financial Advisors LLC now owns 19,057 shares of the specialty retailer’s stock worth $5,145,000 after buying an additional 668 shares during the last quarter. Finally, Wedmont Private Capital raised its position in Tractor Supply by 22.2% during the second quarter. Wedmont Private Capital now owns 1,600 shares of the specialty retailer’s stock worth $434,000 after acquiring an additional 291 shares in the last quarter. 98.72% of the stock is owned by institutional investors.

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.