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

Tractor Supply (NASDAQ:TSCO) shares are set to split 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 market closes on Thursday, December 19th.

Tractor Supply Stock Up 0.1 %

NASDAQ:TSCO opened at $285.45 on Monday. Tractor Supply has a 1-year low of $209.00 and a 1-year high of $307.64. The firm has a market capitalization of $30.50 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 3.58 and a beta of 0.83. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81. The business’s fifty day moving average price is $284.23 and its 200 day moving average price is $276.11.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th were issued a $1.10 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.54%. Tractor Supply’s dividend payout ratio is 42.80%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TSCO. Benchmark upped their price objective on shares of Tractor Supply from $280.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Wedbush reiterated a “neutral” rating and set a $270.00 price objective on shares of Tractor Supply in a report on Friday, October 25th. Citigroup downgraded Tractor Supply from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. raised their price target on Tractor Supply from $260.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Finally, Barclays boosted their price target on Tractor Supply from $250.00 to $262.00 and gave the company an “equal weight” rating in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Tractor Supply has an average rating of “Moderate Buy” and an average target price of $289.90.

Insider Transactions at Tractor Supply

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

Institutional Investors Weigh In On Tractor Supply

Hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP increased its stake in Tractor Supply by 2,921.4% during the second quarter. Marshall Wace LLP now owns 357,225 shares of the specialty retailer’s stock valued at $96,451,000 after acquiring an additional 345,402 shares during the period. International Assets Investment Management LLC increased its position in shares of Tractor Supply by 29,058.6% during the third quarter. International Assets Investment Management LLC now owns 233,269 shares of the specialty retailer’s stock valued at $67,865,000 after purchasing an additional 232,469 shares during the period. Clearbridge Investments LLC increased its position in shares of Tractor Supply by 67.4% during the second quarter. Clearbridge Investments LLC now owns 403,710 shares of the specialty retailer’s stock valued at $109,002,000 after purchasing an additional 162,533 shares during the period. Wellington Management Group LLP boosted its stake in Tractor Supply by 3.5% during 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 buying an additional 161,503 shares in the last quarter. Finally, Benjamin Edwards Inc. raised its stake in shares of Tractor Supply by 1,501.1% in the 3rd quarter. Benjamin Edwards Inc. now owns 171,050 shares of the specialty retailer’s stock valued at $49,773,000 after buying an additional 160,367 shares in the last quarter. 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.