Rep. Jared Moskowitz Purchases Shares of Tractor Supply (NASDAQ:TSCO)

Representative Jared Moskowitz (D-Florida) recently bought shares of Tractor Supply (NASDAQ:TSCO). In a filing disclosed on December 09th, the Representative disclosed that they had bought between $1,001 and $15,000 in Tractor Supply stock on November 8th. The trade occurred in the Representative’s “MORGAN STANLEY ACTIVE ASSETS (5)” account.

Representative Jared Moskowitz also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Atmos Energy (NYSE:ATO) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of Elevance Health (NYSE:ELV) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of QUALCOMM (NASDAQ:QCOM) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of McDonald’s (NYSE:MCD) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOG) on 11/8/2024.
• Sold $50,001 – $100,000 in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) on 11/8/2024.
• Sold $15,001 – $50,000 in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) on 11/8/2024.

Tractor Supply Stock Up 0.4 %

Tractor Supply stock opened at $283.73 on Tuesday. The company has a market capitalization of $30.31 billion, a P/E ratio of 27.60, a P/E/G ratio of 3.54 and a beta of 0.83. Tractor Supply has a 1-year low of $209.00 and a 1-year high of $307.64. The firm’s fifty day simple moving average is $285.01 and its 200-day simple moving average is $276.01. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81.

Tractor Supply 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 issued to shareholders after the market closes on Thursday, December 19th.

Tractor Supply Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.55%. The ex-dividend date is Monday, November 25th. Tractor Supply’s payout ratio is presently 42.80%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. UBS Group raised their target price on Tractor Supply from $272.00 to $280.00 and gave the company a “neutral” rating in a report on Friday, October 25th. 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 target price on the stock. Robert W. Baird set a $320.00 price target on shares of Tractor Supply in a report on Thursday, October 17th. DA Davidson raised their price target on shares of Tractor Supply from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Tractor Supply from $260.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, Tractor Supply has an average rating of “Moderate Buy” and an average price target of $283.14.

Insider Activity at Tractor Supply

In other news, CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now owns 9,683 shares of the company’s stock, valued at $2,862,682.12. This represents a 70.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.58% of the stock is owned by insiders.

Hedge Funds Weigh In On Tractor Supply

Several institutional investors and hedge funds have recently bought and sold shares of TSCO. Marshall Wace LLP boosted its position in Tractor Supply by 2,921.4% during the 2nd 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 in the last quarter. International Assets Investment Management LLC raised its holdings in Tractor Supply by 29,058.6% in the third quarter. International Assets Investment Management LLC now owns 233,269 shares of the specialty retailer’s stock worth $67,865,000 after buying an additional 232,469 shares during the last quarter. Clearbridge Investments LLC raised its holdings in Tractor Supply by 67.4% in the second quarter. Clearbridge Investments LLC now owns 403,710 shares of the specialty retailer’s stock worth $109,002,000 after buying an additional 162,533 shares during the last quarter. Wellington Management Group LLP lifted its stake 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 buying an additional 161,503 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its holdings in shares of Tractor Supply by 1,501.1% during the third 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 during the last quarter. 98.72% of the stock is currently owned by institutional investors.

About Representative Moskowitz

Jared Evan Moskowitz (Democratic Party) is a member of the U.S. House, representing Florida’s 23rd Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2025. Moskowitz (Democratic Party) is running for re-election to the U.S. House to represent Florida’s 23rd Congressional District. He declared candidacy for the Democratic primary scheduled on August 20, 2024. Moskowitz resigned his state House seat on January 11, 2019, to head the state’s Division of Emergency Management. Jared Evan Moskowitz was born in Coral Springs, Florida. Moskowitz graduated from Marjory Stoneman Douglas High School. He earned a bachelor’s degree in political science and government from George Washington University in 2003 and a law degree from Nova Southeastern University in 2007. Moskowitz’s career experience includes working as the director of the Florida Division of Emergency Management and general counsel with AshBritt Inc.

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.