Tractor Supply (NASDAQ:TSCO) CEO Sells $4,809,106.05 in Stock

Tractor Supply (NASDAQ:TSCO) CEO Harry A. Lawton III sold 88,095 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $54.59, for a total value of $4,809,106.05. Following the transaction, the chief executive officer now directly owns 488,852 shares of the company’s stock, valued at $26,686,430.68. The trade was a 15.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Tractor Supply Stock Down 1.0 %

Tractor Supply stock opened at $53.06 on Friday. The stock has a 50 day moving average of $55.03 and a two-hundred day moving average of $55.20. Tractor Supply has a twelve month low of $46.06 and a twelve month high of $61.53. The stock has a market capitalization of $28.33 billion, a price-to-earnings ratio of 26.01, a PEG ratio of 3.13 and a beta of 0.84. The company has a current ratio of 1.43, a quick ratio of 0.20 and a debt-to-equity ratio of 0.82.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, January 30th. The specialty retailer reported $0.44 earnings per share for the quarter, missing the consensus estimate of $2.28 by ($1.84). Tractor Supply had a return on equity of 49.01% and a net margin of 7.40%. As a group, research analysts expect that Tractor Supply will post 2.18 earnings per share for the current year.

Institutional Trading of Tractor Supply

Several hedge funds and other institutional investors have recently made changes to their positions in TSCO. Czech National Bank boosted its holdings in Tractor Supply by 7.0% in the 3rd quarter. Czech National Bank now owns 21,974 shares of the specialty retailer’s stock valued at $6,393,000 after purchasing an additional 1,429 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Tractor Supply by 6.2% in the 3rd quarter. GAMMA Investing LLC now owns 2,226 shares of the specialty retailer’s stock valued at $648,000 after buying an additional 130 shares during the period. Azzad Asset Management Inc. ADV boosted its stake in shares of Tractor Supply by 156.6% in the third quarter. Azzad Asset Management Inc. ADV now owns 3,421 shares of the specialty retailer’s stock valued at $995,000 after buying an additional 2,088 shares in the last quarter. Threadgill Financial LLC grew its holdings in Tractor Supply by 3.2% during the third quarter. Threadgill Financial LLC now owns 2,951 shares of the specialty retailer’s stock worth $859,000 after acquiring an additional 91 shares during the period. Finally, Strategic Wealth Partners Ltd. purchased a new position in Tractor Supply in the third quarter worth $503,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Guggenheim reissued a “buy” rating and set a $60.00 price objective on shares of Tractor Supply in a research report on Friday, January 31st. Raymond James boosted their price target on shares of Tractor Supply from $57.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. raised their price objective on shares of Tractor Supply from $58.00 to $59.00 and gave the company a “neutral” rating in a report on Friday, January 31st. UBS Group boosted their target price on shares of Tractor Supply from $54.40 to $56.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, Loop Capital lifted their price target on Tractor Supply from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $59.22.

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.