Insider Selling: James Wright Sells 50,000 Shares of Tractor Supply Stock (TSCO)
Tractor Supply (NASDAQ:TSCO) Director James Wright sold 50,000 shares of Tractor Supply stock on the open market in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total value of $6,500,000.00. Following the sale, the director now directly owns 340,099 shares in the company. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
TSCO has been the subject of a number of recent research reports. Analysts at Argus raised their price target on shares of Tractor Supply (NASDAQ:TSCO) from $128.00 to $140.00 in a research note to investors on Tuesday, August 6th. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Tractor Supply (NASDAQ:TSCO) in a research note to investors on Friday, August 2nd. They now have a $129.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Tractor Supply (NASDAQ:TSCO) from $111.00 to $134.00 in a research note to investors on Friday, July 26th. They now have an “overweight” rating on the stock.
Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $131.19.
Tractor Supply (NASDAQ:TSCO) traded down 0.14% on Friday, hitting $130.50. The stock had a trading volume of 311,876 shares. Tractor Supply has a 1-year low of $82.39 and a 1-year high of $131.48. The stock’s 50-day moving average is $121.9 and its 200-day moving average is $113.3. The company has a market cap of $9.110 billion and a price-to-earnings ratio of 31.39.
Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Wednesday, July 24th. The company reported $1.75 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.71 by $0.04. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the company posted $1.45 earnings per share. Tractor Supply’s revenue was up 12.8% compared to the same quarter last year.
Tractor Supply Company is an operator of retail farm and ranch stores in the United States. The Company operates retail stores under the names Tractor Supply Company and Del’s Farm Supply and operate a Website under the name TractorSupply.
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