Tractor Supply Director Unloads $2,722,181 in Stock (TSCO)
Tractor Supply (NASDAQ:TSCO) Director James Wright sold 35,353 shares of Tractor Supply stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $77.00, for a total value of $2,722,181.00. Following the sale, the director now directly owns 341,730 shares of the company’s stock, valued at approximately $26,313,210. The transaction was disclosed in a filing with the SEC, 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, November 1st. 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, October 30th. 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, October 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Tractor Supply currently has a consensus rating of “Buy” and a consensus target price of $96.06.
Shares of Tractor Supply (NASDAQ:TSCO) traded down 1.01% during mid-day trading on Thursday, hitting $76.80. 855,339 shares of the company’s stock traded hands. Tractor Supply has a 1-year low of $44.27 and a 1-year high of $78.17. The stock’s 50-day moving average is $73.60 and its 200-day moving average is $65.85. The company has a market cap of $10.720 billion and a price-to-earnings ratio of 35.41.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters 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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