Tractor Supply (NASDAQ:TSCO) Stock 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

Shares of Tractor Supply stock opened at $57.14 on Friday. 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 stock has a market cap of $30.51 billion, a PE ratio of 28.01, a price-to-earnings-growth ratio of 2.70 and a beta of 0.84. The business has a fifty day simple moving average of $54.84 and a 200-day simple moving average of $55.32. Tractor Supply has a 12 month low of $46.76 and a 12 month high of $61.53.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, January 30th. The specialty retailer reported $0.44 earnings per share 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%. On average, sell-side analysts anticipate that Tractor Supply will post 2.17 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th will be issued a $0.92 dividend. This is an increase from Tractor Supply’s previous quarterly dividend of $0.22. This represents a $3.68 dividend on an annualized basis and a dividend yield of 6.44%. Tractor Supply’s payout ratio is presently 43.14%.

Tractor Supply announced that its Board of Directors has initiated a stock repurchase plan on Thursday, February 13th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to repurchase up to 3.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Tractor Supply

In related news, CFO Kurt D. Barton sold 12,146 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $56.00, for a total value of $680,176.00. Following the transaction, the chief financial officer now owns 47,715 shares in the company, valued at approximately $2,672,040. This represents a 20.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Colin Yankee sold 24,602 shares of the company’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 transaction of $1,332,198.30. Following the sale, the executive vice president now owns 33,645 shares in the company, valued at $1,821,876.75. The trade was a 42.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 134,143 shares of company stock worth $7,315,961. Insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on TSCO. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $67.00 target price on shares of Tractor Supply in a report on Thursday, January 30th. Guggenheim reissued a “buy” rating and issued a $60.00 target price on shares of Tractor Supply in a research note on Friday, January 31st. Wedbush reissued a “neutral” rating and set a $54.00 price objective on shares of Tractor Supply in a research note on Friday, October 25th. Barclays dropped their target price on shares of Tractor Supply from $262.00 to $52.00 and set an “equal weight” rating on the stock in a report on Monday, December 30th. Finally, Truist Financial decreased 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 note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.22.

Hedge Funds Weigh In On Tractor Supply

A number of hedge funds have recently bought and sold shares of the business. West Paces Advisors Inc. boosted its holdings in shares of Tractor Supply by 400.0% in the 4th quarter. West Paces Advisors Inc. now owns 3,060 shares of the specialty retailer’s stock valued at $162,000 after purchasing an additional 2,448 shares in the last quarter. Wahed Invest LLC grew its stake in Tractor Supply by 407.6% during the fourth quarter. Wahed Invest LLC now owns 13,293 shares of the specialty retailer’s stock worth $705,000 after purchasing an additional 10,674 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in Tractor Supply by 420.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 78,539 shares of the specialty retailer’s stock worth $4,167,000 after acquiring an additional 63,460 shares in the last quarter. Cypress Advisory Group LLC bought a new position in Tractor Supply in the fourth quarter worth approximately $938,000. Finally, Bison Wealth LLC raised its holdings in Tractor Supply by 356.1% during the fourth quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock worth $341,000 after buying an additional 5,017 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

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.