Insider Selling: Tractor Supply (TSCO) SVP Sells 19,818 Shares of Stock
Tractor Supply (NASDAQ:TSCO) SVP Chad Michael Frazell sold 19,818 shares of the firm’s stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $96.65, for a total transaction of $1,915,409.70. Following the completion of the sale, the senior vice president now owns 28,961 shares in the company, valued at $2,799,080.65. The sale was disclosed in a document filed with the SEC, which is available at this link.
NASDAQ:TSCO traded up $0.51 during midday trading on Friday, hitting $97.13. 1,358,493 shares of the company were exchanged, compared to its average volume of 1,758,898. Tractor Supply has a fifty-two week low of $58.27 and a fifty-two week high of $97.65. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.99 and a quick ratio of 0.21. The firm has a market capitalization of $11.66 billion, a P/E ratio of 23.24, a P/E/G ratio of 1.83 and a beta of 1.22.
Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, October 25th. The specialty retailer reported $0.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.08. Tractor Supply had a net margin of 6.54% and a return on equity of 36.23%. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.82 billion. On average, sell-side analysts anticipate that Tractor Supply will post 4.29 EPS for the current year.
A number of large investors have recently made changes to their positions in TSCO. Millennium Management LLC raised its stake in Tractor Supply by 104.5% during the 1st quarter. Millennium Management LLC now owns 3,741 shares of the specialty retailer’s stock worth $236,000 after acquiring an additional 86,990 shares in the last quarter. Principal Financial Group Inc. raised its stake in Tractor Supply by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 196,559 shares of the specialty retailer’s stock worth $12,388,000 after acquiring an additional 850 shares in the last quarter. Suntrust Banks Inc. raised its stake in Tractor Supply by 25.1% during the 1st quarter. Suntrust Banks Inc. now owns 4,739 shares of the specialty retailer’s stock worth $297,000 after acquiring an additional 952 shares in the last quarter. IFM Investors Pty Ltd raised its stake in Tractor Supply by 44.2% during the 2nd quarter. IFM Investors Pty Ltd now owns 5,896 shares of the specialty retailer’s stock worth $451,000 after acquiring an additional 1,807 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in Tractor Supply by 44.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 33,090 shares of the specialty retailer’s stock worth $2,530,000 after purchasing an additional 10,210 shares during the last quarter. Hedge funds and other institutional investors own 82.02% of the company’s stock.
A number of brokerages have recently weighed in on TSCO. Citigroup raised their price objective on shares of Tractor Supply to $75.00 and gave the company a “hold” rating in a report on Tuesday, July 17th. Wells Fargo & Co restated a “buy” rating on shares of Tractor Supply in a report on Thursday, July 26th. Zacks Investment Research lowered shares of Tractor Supply from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Wedbush raised their price objective on shares of Tractor Supply from $77.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, July 27th. Finally, Robert W. Baird raised their price objective on shares of Tractor Supply from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, July 16th. Twelve research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Tractor Supply presently has a consensus rating of “Buy” and an average target price of $87.73.
Tractor Supply Company Profile
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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