Tractor Supply (NASDAQ:TSCO) CEO Harry A. Lawton III Sells 88,095 Shares of Stock

Tractor Supply (NASDAQ:TSCO) CEO Harry A. Lawton III sold 88,095 shares of Tractor Supply stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $54.59, for a total transaction of $4,809,106.05. Following the transaction, the chief executive officer now owns 488,852 shares in the company, valued at approximately $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 SEC, which is available at this link.

Tractor Supply Stock Down 0.8 %

NASDAQ TSCO opened at $53.61 on Thursday. Tractor Supply has a twelve month low of $46.06 and a twelve month high of $61.53. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.20 and a current ratio of 1.43. The stock has a market cap of $28.63 billion, a PE ratio of 26.28, a PEG ratio of 3.13 and a beta of 0.84. The firm has a 50-day simple moving average of $55.09 and a 200 day simple moving average of $55.21.

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%. On average, research analysts forecast that Tractor Supply will post 2.18 EPS for the current year.

Wall Street Analyst Weigh In

TSCO has been the topic of a number of research analyst reports. Raymond James lifted their price target on Tractor Supply from $57.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Wedbush reiterated a “neutral” rating and issued a $54.00 target price on shares of Tractor Supply in a report on Friday, October 25th. Telsey Advisory Group restated an “outperform” rating and set a $67.00 price target on shares of Tractor Supply in a report on Thursday, January 30th. Truist Financial cut their target price on shares of Tractor Supply from $63.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Wells Fargo & Company lowered their price target on shares of Tractor Supply from $65.00 to $64.00 and set an “overweight” rating on the stock in a report on Monday, November 25th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $59.22.

Hedge Funds Weigh In On Tractor Supply

A number of institutional investors have recently modified their holdings of the stock. Meridiem Investment Management Ltd. raised its holdings in Tractor Supply by 398.9% during the 4th quarter. Meridiem Investment Management Ltd. now owns 5,118,785 shares of the specialty retailer’s stock worth $271,674,000 after purchasing an additional 4,092,808 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Tractor Supply by 3.5% during the third quarter. Wellington Management Group LLP now owns 4,740,864 shares of the specialty retailer’s stock worth $1,379,260,000 after buying an additional 161,503 shares during the last quarter. State Street Corp lifted its holdings in Tractor Supply by 1.1% in the third quarter. State Street Corp now owns 4,518,341 shares of the specialty retailer’s stock valued at $1,314,521,000 after buying an additional 47,951 shares during the period. Bank of New York Mellon Corp boosted its stake in Tractor Supply by 403.3% in the fourth quarter. Bank of New York Mellon Corp now owns 3,912,752 shares of the specialty retailer’s stock valued at $207,611,000 after acquiring an additional 3,135,384 shares during the last quarter. Finally, Alecta Tjanstepension Omsesidigt grew its holdings in Tractor Supply by 400.0% during the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 3,750,000 shares of the specialty retailer’s stock worth $199,012,000 after acquiring an additional 3,000,000 shares during the period. 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.