Insider Selling: Tractor Supply VP Sells 12,096 Shares of Stock (TSCO)
Tractor Supply (NASDAQ:TSCO) VP Lee Downing unloaded 12,096 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $70.90, for a total value of $857,606.40. Following the transaction, the vice president now directly owns 14,284 shares of the company’s stock, valued at approximately $1,012,736. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
TSCO has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Tractor Supply in a research note to investors on Friday. They now have a $75.00 price target on the stock. Separately, analysts at Argus raised their price target on shares of Tractor Supply from $70.00 to $84.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Thomson Reuters/Verus downgraded shares of Tractor Supply from a “hold” rating to a “sell” rating in a research note to investors on Monday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Tractor Supply presently has a consensus rating of “Buy” and a consensus target price of $96.06.
Shares of Tractor Supply (NASDAQ:TSCO) traded down 0.32% on Friday, hitting $71.12. The stock had a trading volume of 914,279 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 $67.48 and a 200-day moving average of $60.57. The company has a market cap of $9.923 billion and a P/E ratio of 32.57.
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. On average, analysts predict that Tractor Supply will post $2.29 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, December 3rd. Investors of record on Monday, November 18th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Thursday, November 14th.
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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