Tractor Supply CEO Sells $531,860 in Stock (TSCO)
Tractor Supply (NASDAQ:TSCO) CEO Gregory Sandfort sold 7,598 shares of the company’s stock on the open market in a transaction dated Thursday, October 24th. The stock was sold at an average price of $70.00, for a total value of $531,860.00. Following the completion of the sale, the chief executive officer now directly owns 210,412 shares of the company’s stock, valued at approximately $14,728,840. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on TSCO. Analysts at Wedbush raised their price target on shares of Tractor Supply from $68.00 to $80.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Tractor Supply from $73.00 to $79.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Tractor Supply from $67.00 to $78.00 in a research note to investors on Thursday. They now have an “overweight” rating on the stock. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Tractor Supply has a consensus rating of “Buy” and an average target price of $102.94.
Tractor Supply (NASDAQ:TSCO) traded down 0.98% on Friday, hitting $73.22. The stock had a trading volume of 1,482,495 shares. Tractor Supply has a 52 week low of $82.39 and a 52 week high of $131.48. The stock has a 50-day moving average of $122.2 and a 200-day moving average of $113.5. The company has a market cap of $10.223 billion and a price-to-earnings ratio of 35.53.
Tractor Supply (NASDAQ:TSCO) last released its earnings data on Wednesday, October 23rd. The company reported $0.46 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.05. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the company posted $0.69 earnings per share. Tractor Supply’s revenue was up 13.1% 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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