Insider Selling: Tractor Supply (NASDAQ:TSCO) CEO Sells 88,095 Shares of Stock

Tractor Supply (NASDAQ:TSCO) CEO Harry A. Lawton III sold 88,095 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $54.59, for a total transaction of $4,809,106.05. Following the completion of the transaction, the chief executive officer now directly owns 488,852 shares in the company, valued at approximately $26,686,430.68. The trade was a 15.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Tractor Supply Price Performance

Shares of Tractor Supply stock traded down $0.43 during trading on Wednesday, hitting $53.61. The stock had a trading volume of 4,063,606 shares, compared to its average volume of 5,560,793. The business’s 50-day moving average is $55.15 and its 200 day moving average is $55.22. Tractor Supply has a 12 month low of $46.06 and a 12 month high of $61.53. The firm has a market cap of $28.63 billion, a price-to-earnings ratio of 26.28, a P/E/G 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 announced its earnings results on Thursday, January 30th. The specialty retailer reported $0.44 earnings per share (EPS) 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, sell-side analysts anticipate that Tractor Supply will post 2.18 earnings per share for the current year.

Wall Street Analyst Weigh In

TSCO has been the topic of a number of recent analyst reports. Evercore ISI upgraded Tractor Supply from a “hold” rating to a “strong-buy” rating in a report on Friday, November 15th. Gordon Haskett downgraded shares of Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, October 24th. Wells Fargo & Company decreased their price objective on shares of Tractor Supply from $65.00 to $64.00 and set an “overweight” rating for the company in a report on Monday, November 25th. Raymond James boosted their target price on shares of Tractor Supply from $57.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, UBS Group raised their price target 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. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.22.

Institutional Trading of Tractor Supply

Hedge funds have recently added to or reduced their stakes in the business. PrairieView Partners LLC boosted its holdings in shares of Tractor Supply by 400.0% during the fourth quarter. PrairieView Partners LLC now owns 500 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 400 shares during the period. Future Financial Wealth Managment LLC lifted its holdings in Tractor Supply by 400.0% in the 4th quarter. Future Financial Wealth Managment LLC now owns 500 shares of the specialty retailer’s stock worth $27,000 after buying an additional 400 shares during the period. Archer Investment Corp grew its position in shares of Tractor Supply by 400.0% in the 4th quarter. Archer Investment Corp now owns 500 shares of the specialty retailer’s stock worth $27,000 after buying an additional 400 shares during the last quarter. Kentucky Trust Co purchased a new position in shares of Tractor Supply during the fourth quarter valued at approximately $27,000. Finally, First Command Advisory Services Inc. raised its holdings in shares of Tractor Supply by 400.0% during the fourth quarter. First Command Advisory Services Inc. now owns 500 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 400 shares in the last quarter. 98.72% of the stock is owned by institutional investors.

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.