Insider Selling: Tractor Supply (NASDAQ:TSCO) EVP Sells 9,300 Shares of Stock

Tractor Supply (NASDAQ:TSCO) EVP Melissa Kersey sold 9,300 shares of Tractor Supply stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $53.17, for a total transaction of $494,481.00. Following the transaction, the executive vice president now directly owns 34,961 shares in the company, valued at $1,858,876.37. The trade was a 21.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Tractor Supply Stock Down 0.2 %

TSCO stock traded down $0.11 during mid-day trading on Friday, reaching $52.95. The company had a trading volume of 6,337,876 shares, compared to its average volume of 5,677,853. The company has a market capitalization of $28.28 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 3.13 and a beta of 0.84. Tractor Supply has a 52 week low of $46.06 and a 52 week high of $61.53. The stock has a 50 day simple moving average of $55.03 and a two-hundred day simple moving average of $55.20. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.20.

Tractor Supply (NASDAQ:TSCO) last released its 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 net margin of 7.40% and a return on equity of 49.01%. As a group, equities analysts predict that Tractor Supply will post 2.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in Tractor Supply during the fourth quarter worth about $329,458,000. Meridiem Investment Management Ltd. lifted its position in shares of Tractor Supply by 398.9% in the fourth quarter. Meridiem Investment Management Ltd. now owns 5,118,785 shares of the specialty retailer’s stock valued at $271,674,000 after buying an additional 4,092,808 shares during the last quarter. Amundi boosted its stake in shares of Tractor Supply by 495.2% during the 4th quarter. Amundi now owns 4,145,992 shares of the specialty retailer’s stock worth $225,501,000 after acquiring an additional 3,449,442 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Tractor Supply by 403.3% during the 4th quarter. Bank of New York Mellon Corp now owns 3,912,752 shares of the specialty retailer’s stock worth $207,611,000 after acquiring an additional 3,135,384 shares during the last quarter. Finally, Alecta Tjanstepension Omsesidigt raised its stake in Tractor Supply by 400.0% in the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 3,750,000 shares of the specialty retailer’s stock valued at $199,012,000 after acquiring an additional 3,000,000 shares during the period. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TSCO has been the topic of a number of recent analyst reports. Piper Sandler lifted their price target on shares of Tractor Supply from $60.00 to $66.40 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Telsey Advisory Group reissued an “outperform” rating and issued a $67.00 target price on shares of Tractor Supply in a research note on Thursday, January 30th. JPMorgan Chase & Co. raised their price target on Tractor Supply from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Mizuho boosted their price objective on Tractor Supply from $60.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Finally, Citigroup downgraded shares of Tractor Supply from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $59.22.

About Tractor Supply

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.