Tractor Supply (NASDAQ:TSCO) CMO Sells $2,973,536.28 in Stock

Tractor Supply (NASDAQ:TSCO) CMO Steve K. Barbarick sold 43,076 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $69.03, for a total transaction of $2,973,536.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Tractor Supply (NASDAQ TSCO) traded up $1.12 on Friday, hitting $79.61. 2,099,397 shares of the stock traded hands, compared to its average volume of 1,608,317. Tractor Supply has a 52-week low of $49.87 and a 52-week high of $79.85. The stock has a market cap of $9,855.55, a PE ratio of 23.62, a PEG ratio of 1.51 and a beta of 1.32. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.00 and a quick ratio of 0.17.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.04. Tractor Supply had a net margin of 6.04% and a return on equity of 31.25%. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the prior year, the company earned $0.67 EPS. The company’s revenue was up 11.6% compared to the same quarter last year. equities analysts expect that Tractor Supply will post 3.29 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Virginia Retirement Systems ET AL lifted its position in shares of Tractor Supply by 4.9% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 4,300 shares of the specialty retailer’s stock worth $233,000 after purchasing an additional 200 shares during the period. Tredje AP fonden lifted its position in Tractor Supply by 2.8% during the second quarter. Tredje AP fonden now owns 9,580 shares of the specialty retailer’s stock valued at $519,000 after acquiring an additional 260 shares during the last quarter. Sentry Investment Management LLC lifted its position in Tractor Supply by 3.1% during the second quarter. Sentry Investment Management LLC now owns 8,957 shares of the specialty retailer’s stock valued at $486,000 after acquiring an additional 268 shares during the last quarter. Commonwealth Bank of Australia lifted its position in Tractor Supply by 15.4% during the second quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock valued at $128,000 after acquiring an additional 317 shares during the last quarter. Finally, Formidable Asset Management LLC lifted its position in Tractor Supply by 1.8% during the second quarter. Formidable Asset Management LLC now owns 19,429 shares of the specialty retailer’s stock valued at $1,053,000 after acquiring an additional 341 shares during the last quarter. 92.33% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently commented on TSCO shares. Loop Capital set a $55.00 price target on shares of Tractor Supply and gave the company a “hold” rating in a report on Wednesday, October 25th. Moffett Nathanson started coverage on shares of Tractor Supply in a report on Monday, December 4th. They set a “neutral” rating on the stock. TheStreet upgraded shares of Tractor Supply from a “c+” rating to a “b” rating in a report on Wednesday, December 20th. Zacks Investment Research downgraded shares of Tractor Supply from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Finally, Morgan Stanley upped their price target on shares of Tractor Supply from $53.00 to $57.00 and gave the company an “equal weight” rating in a report on Thursday, November 16th. Sixteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Tractor Supply has a consensus rating of “Hold” and a consensus target price of $67.80.

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About Tractor Supply

Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.

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