Rep. Marjorie Taylor Greene Buys Tractor Supply (NASDAQ:TSCO) Shares

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Tractor Supply (NASDAQ:TSCO). In a filing disclosed on November 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Tractor Supply stock on November 7th.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Berkshire Hathaway (NYSE:BRK.B) on 11/7/2024.
• Purchased $1,001 – $15,000 in shares of FedEx (NYSE:FDX) on 11/7/2024.
• Purchased $1,001 – $15,000 in shares of Dell Technologies (NYSE:DELL) on 11/7/2024.
• Purchased $1,001 – $15,000 in shares of Southern (NYSE:SO) on 11/7/2024.
• Purchased $1,001 – $15,000 in shares of Hershey (NYSE:HSY) on 11/7/2024.
• Purchased $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 11/7/2024.
• Purchased $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 11/7/2024.
• Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 11/7/2024.
• Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 11/7/2024.
• Purchased $1,001 – $15,000 in shares of Palo Alto Networks (NASDAQ:PANW) on 11/7/2024.

Tractor Supply Price Performance

NASDAQ:TSCO traded down $0.05 during trading hours on Tuesday, hitting $281.52. 189,016 shares of the company’s stock traded hands, compared to its average volume of 1,055,470. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81. Tractor Supply has a 52 week low of $193.73 and a 52 week high of $307.64. The business’s fifty day simple moving average is $283.77 and its two-hundred day simple moving average is $275.24. The firm has a market cap of $30.37 billion, a P/E ratio of 27.39, a P/E/G ratio of 3.62 and a beta of 0.82.

Tractor Supply Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Monday, November 25th. This represents a $4.40 annualized dividend and a dividend yield of 1.56%. Tractor Supply’s payout ratio is 42.80%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Loop Capital raised their target price on Tractor Supply from $250.00 to $260.00 and gave the company a “hold” rating in a research report on Friday, September 6th. Evercore ISI downgraded shares of Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 price target for the company. in a report on Thursday, October 3rd. Mizuho lifted their target price on shares of Tractor Supply from $250.00 to $270.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Wedbush reaffirmed a “neutral” rating and issued a $270.00 target price on shares of Tractor Supply in a research note on Friday, October 25th. Finally, Truist Financial lowered their target price on shares of Tractor Supply from $325.00 to $317.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Tractor Supply has an average rating of “Hold” and an average price target of $282.82.

Insider Buying and Selling

In related news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction that occurred on Tuesday, October 1st. The stock was 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 directly owns 9,683 shares in the company, valued at $2,862,682.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.24% of the company’s stock.

Institutional Trading of Tractor Supply

A number of institutional investors and hedge funds have recently modified their holdings of the business. Future Financial Wealth Managment LLC bought a new position in Tractor Supply in the 3rd quarter valued at $29,000. First Personal Financial Services acquired a new stake in shares of Tractor Supply in the third quarter worth approximately $29,000. LRI Investments LLC purchased a new stake in Tractor Supply in the 1st quarter valued at $28,000. Whittier Trust Co. increased its stake in Tractor Supply by 60.9% during the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 42 shares during the last quarter. Finally, J.Safra Asset Management Corp raised its position in Tractor Supply by 700.0% in the first quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 98 shares during the period. Institutional investors own 98.72% of the company’s stock.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia’s 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2025. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 14th Congressional District. She declared candidacy for the 2024 election. Marjorie Taylor Greene earned a bachelor’s degree in business administration from the University of Georgia. Greene’s career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.

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.