Tractor Supply (TSCO) EVP Sells $3,722,004.00 in Stock

Tractor Supply (NASDAQ:TSCO) EVP Benjamin F. Parrish, Jr. sold 37,596 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $99.00, for a total transaction of $3,722,004.00. Following the transaction, the executive vice president now owns 26,549 shares of the company’s stock, valued at approximately $2,628,351. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

NASDAQ:TSCO opened at $105.06 on Friday. The firm has a market capitalization of $12.49 billion, a PE ratio of 24.38, a P/E/G ratio of 1.96 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.91 and a quick ratio of 0.22. Tractor Supply has a twelve month low of $62.50 and a twelve month high of $107.98.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of TSCO. Oregon Public Employees Retirement Fund grew its position in Tractor Supply by 12,298.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,941,622 shares of the specialty retailer’s stock valued at $47,000 after purchasing an additional 3,909,832 shares during the period. Norges Bank acquired a new stake in Tractor Supply in the 4th quarter valued at $99,527,000. JPMorgan Chase & Co. grew its position in Tractor Supply by 73.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,339,567 shares of the specialty retailer’s stock valued at $212,619,000 after purchasing an additional 987,193 shares during the period. Marshall Wace LLP acquired a new stake in Tractor Supply in the 3rd quarter valued at $89,427,000. Finally, BlackRock Inc. grew its position in Tractor Supply by 10.0% in the 4th quarter. BlackRock Inc. now owns 9,093,256 shares of the specialty retailer’s stock valued at $758,740,000 after purchasing an additional 829,133 shares during the period. 82.82% of the stock is owned by institutional investors and hedge funds.

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

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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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