Tractor Supply (NASDAQ:TSCO) EVP Sells $198,100.00 in Stock

Tractor Supply (NASDAQ:TSCO) EVP Benjamin F. Parrish, Jr. sold 2,000 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $99.05, for a total value of $198,100.00. Following the transaction, the executive vice president now owns 26,549 shares of the company’s stock, valued at $2,629,678.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of TSCO opened at $105.06 on Friday. Tractor Supply has a 52-week low of $62.50 and a 52-week high of $107.98. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.22 and a current ratio of 1.91. The firm has a market capitalization of $12.49 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 1.96 and a beta of 1.10.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.07. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. Tractor Supply had a return on equity of 36.86% and a net margin of 6.73%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.57 EPS. Equities research analysts expect that Tractor Supply will post 4.71 earnings per share for the current year.

TSCO has been the subject of a number of analyst reports. BidaskClub downgraded Tractor Supply from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. Zacks Investment Research cut Tractor Supply from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. Morgan Stanley raised their price objective on Tractor Supply from $89.00 to $96.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Bank of America reaffirmed a “neutral” rating and issued a $90.00 price objective (down from $95.00) on shares of Tractor Supply in a research report on Wednesday, January 9th. Finally, Wells Fargo & Co lifted their price target on Tractor Supply from $102.00 to $108.00 and gave the stock an “outperform” rating in a report on Thursday, February 14th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. Tractor Supply presently has a consensus rating of “Hold” and an average price target of $96.44.

Hedge funds have recently modified their holdings of the stock. Bruderman Asset Management LLC bought a new stake in Tractor Supply during the 4th quarter worth $25,000. Cordasco Financial Network grew its position in Tractor Supply by 53.6% during the 4th quarter. Cordasco Financial Network now owns 338 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 118 shares during the last quarter. Rational Advisors LLC grew its position in Tractor Supply by 570.9% during the 4th quarter. Rational Advisors LLC now owns 369 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 314 shares during the last quarter. Liberty Wealth Management LLC acquired a new position in Tractor Supply during the 4th quarter worth about $31,000. Finally, Laurel Wealth Advisors LLC acquired a new position in Tractor Supply during the 4th quarter worth about $33,000. Institutional investors and hedge funds own 82.82% of the company’s stock.

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About Tractor Supply

Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.

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Insider Buying and Selling by Quarter for Tractor Supply (NASDAQ:TSCO)

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