Street Calls of the Week
Matthew Rubin, Senior Vice President and General Manager at Tractor Supply Co. (NASDAQ:TSCO), recently executed a series of stock transactions, according to a recent SEC filing. On February 20, Rubin sold 3,850 shares of common stock at an average price of $57.686 per share, totaling approximately $222,091. The transaction comes as Tractor Supply, currently valued at nearly $30 billion in market capitalization, maintains a strong financial health score according to InvestingPro analysis.
In addition to the sale, Rubin exercised options to acquire 5,810 shares at a price of $28.64 per share, amounting to $166,398. Following these transactions, Rubin holds 31,786.942 shares directly, with an additional 1,413.366 shares held indirectly through a stock purchase plan. The company has demonstrated strong shareholder value, having raised its dividend for 15 consecutive years, with a current yield of 1.63%.
These transactions are part of Rubin’s ongoing management of his holdings in Tractor Supply, a leading U.S. retailer specializing in home improvement, agriculture, lawn and garden maintenance, and livestock, equine, and pet care. The company generates annual revenue of $14.9 billion with a healthy gross margin of 36.3%. For deeper insights into Tractor Supply’s valuation and 12 additional exclusive ProTips, visit InvestingPro.
In other recent news, Tractor Supply Company reported its fourth-quarter earnings for 2024, revealing a slight miss in both earnings per share (EPS) and revenue compared to forecasts. The company posted an EPS of $0.44, just below the anticipated $0.45, and revenue of $3.77 billion, missing the $3.79 billion forecast. Despite this, the company announced a 4.5% increase in its quarterly cash dividend to $0.23 per share and expanded its stock buyback program by $1 billion. This brings the total authorized repurchase amount to $7.5 billion. In addition, DA Davidson reaffirmed its Buy rating for Tractor Supply with a $65.00 price target, highlighting the company’s product advantage over competitors like Amazon (NASDAQ:AMZN). The firm noted that Tractor Supply’s unique product offerings could help maintain its market share. Meanwhile, Tractor Supply continues to expand its footprint with the opening of 80 new stores and 11 Petsense locations, contributing to a 3.1% increase in net sales for the quarter. The company’s strategic initiatives, such as the "Life Out Here 2030" strategy, aim to drive growth through the decade, supported by strong digital sales and new store openings.
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