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 firm’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 sale, the chief executive officer now directly owns 488,852 shares in the company, valued at $26,686,430.68. The trade was a 15.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Tractor Supply Price Performance

TSCO stock traded down $0.43 during midday trading on Wednesday, reaching $53.61. The company had a trading volume of 4,063,606 shares, compared to its average volume of 5,560,793. The company has a market capitalization of $28.63 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 3.13 and a beta of 0.84. 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 has a 1-year low of $46.06 and a 1-year high of $61.53. The stock has a 50 day moving average price of $55.15 and a 200-day moving average price of $55.22.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly 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%. Equities research analysts expect that Tractor Supply will post 2.18 earnings per share for the current year.

Institutional Trading of Tractor Supply

Several institutional investors and hedge funds have recently modified their holdings of the business. Henrickson Nauta Wealth Advisors Inc. boosted its stake in shares of Tractor Supply by 3.2% in the 3rd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 1,127 shares of the specialty retailer’s stock valued at $328,000 after purchasing an additional 35 shares in the last quarter. Private Advisor Group LLC lifted its stake in shares of Tractor Supply by 0.5% in the 3rd quarter. Private Advisor Group LLC now owns 7,693 shares of the specialty retailer’s stock valued at $2,238,000 after acquiring an additional 37 shares during the last quarter. Baldwin Investment Management LLC grew its position in Tractor Supply by 0.3% during the 3rd quarter. Baldwin Investment Management LLC now owns 11,402 shares of the specialty retailer’s stock worth $3,317,000 after acquiring an additional 38 shares during the last quarter. TCI Wealth Advisors Inc. increased its holdings in Tractor Supply by 5.1% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 846 shares of the specialty retailer’s stock worth $246,000 after purchasing an additional 41 shares in the last quarter. Finally, Huntington National Bank boosted its stake in shares of Tractor Supply by 0.7% during the third quarter. Huntington National Bank now owns 5,538 shares of the specialty retailer’s stock valued at $1,611,000 after purchasing an additional 41 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on TSCO shares. Loop Capital increased their target price on shares of Tractor Supply from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Thursday, December 12th. Truist Financial reduced their price target on Tractor Supply from $63.00 to $60.00 and set a “buy” rating for the company in a report on Friday, January 31st. Guggenheim restated a “buy” rating and issued a $60.00 price objective on shares of Tractor Supply in a research note on Friday, January 31st. Citigroup downgraded Tractor Supply from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $67.00 price target on shares of Tractor Supply in a report on Thursday, January 30th. 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 given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.