Tractor Supply Stock Set 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 created shares will be distributed to shareholders after the closing bell on Thursday, December 19th.

Tractor Supply Price Performance

Shares of NASDAQ TSCO opened at $282.46 on Friday. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81. The business’s 50 day moving average price is $285.15 and its two-hundred day moving average price is $276.05. The company has a market cap of $30.18 billion, a PE ratio of 27.48, a price-to-earnings-growth ratio of 3.58 and a beta of 0.83. Tractor Supply has a twelve month low of $207.00 and a twelve month high of $307.64.

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors 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 dividend yield of 1.56%. The ex-dividend date is Monday, November 25th. Tractor Supply’s payout ratio is presently 42.80%.

Analyst Ratings Changes

A number of research firms have commented on TSCO. Raymond James lifted their price objective on shares of Tractor Supply from $285.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. UBS Group lifted their target price on shares of Tractor Supply from $272.00 to $280.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Piper Sandler increased their price target on shares of Tractor Supply from $300.00 to $332.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Melius Research initiated coverage on shares of Tractor Supply in a research report on Monday, September 23rd. They set a “buy” rating and a $315.00 price objective for the company. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $335.00 target price on shares of Tractor Supply in a research report on Friday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Tractor Supply currently has a consensus rating of “Moderate Buy” and an average target price of $282.59.

Insider Transactions at Tractor Supply

In other news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total value of $6,957,000.48. Following the transaction, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. This trade represents a 70.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.24% of the stock is currently owned by insiders.

Institutional Trading of Tractor Supply

Several large investors have recently bought and sold shares of the business. Wellington Management Group LLP lifted its holdings in shares of Tractor Supply by 3.5% in the third quarter. Wellington Management Group LLP now owns 4,740,864 shares of the specialty retailer’s stock worth $1,379,260,000 after acquiring an additional 161,503 shares during the last quarter. State Street Corp lifted its stake in Tractor Supply by 1.1% in the 3rd quarter. State Street Corp now owns 4,518,341 shares of the specialty retailer’s stock valued at $1,314,521,000 after purchasing an additional 47,951 shares during the last quarter. Geode Capital Management LLC boosted its position in Tractor Supply by 1.5% in the third quarter. Geode Capital Management LLC now owns 2,885,688 shares of the specialty retailer’s stock valued at $837,156,000 after buying an additional 43,998 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Tractor Supply by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,123,280 shares of the specialty retailer’s stock valued at $303,278,000 after buying an additional 110,342 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Tractor Supply by 3.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 830,193 shares of the specialty retailer’s stock worth $241,528,000 after buying an additional 29,730 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

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.