Tractor Supply (NASDAQ:TSCO) CFO Kurt Barton Sells 1,929 Shares of Stock

Tractor Supply Company (NASDAQ:TSCO) CFO Kurt Barton sold 1,929 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $53.94, for a total value of $104,050.26. Following the completion of the transaction, the chief financial officer directly owned 44,736 shares of the company’s stock, valued at approximately $2,413,059.84. The trade was a 4.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Tractor Supply Price Performance

Shares of TSCO stock opened at $53.78 on Tuesday. The stock’s fifty day simple moving average is $52.31 and its 200 day simple moving average is $55.51. Tractor Supply Company has a one year low of $46.85 and a one year high of $63.99. The firm has a market cap of $28.42 billion, a price-to-earnings ratio of 25.98, a P/E/G ratio of 2.79 and a beta of 0.74. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.34 and a quick ratio of 0.16.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, January 29th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.03). Tractor Supply had a net margin of 7.06% and a return on equity of 44.36%. The company had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $4.03 billion. During the same period in the previous year, the business posted $0.44 earnings per share. The firm’s revenue was up 3.3% compared to the same quarter last year. On average, analysts expect that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tractor Supply

Several large investors have recently bought and sold shares of TSCO. Garner Asset Management Corp bought a new stake in shares of Tractor Supply during the 4th quarter valued at $25,000. Delos Wealth Advisors LLC acquired a new stake in shares of Tractor Supply during the second quarter worth $26,000. Aventura Private Wealth LLC acquired a new stake in shares of Tractor Supply during the fourth quarter worth $27,000. JPL Wealth Management LLC bought a new stake in Tractor Supply in the third quarter valued at about $28,000. Finally, Valley Wealth Managers Inc. acquired a new position in Tractor Supply in the fourth quarter valued at about $32,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Mizuho reduced their target price on Tractor Supply from $65.00 to $58.00 and set an “outperform” rating on the stock in a report on Friday, January 30th. JPMorgan Chase & Co. lowered their target price on Tractor Supply from $62.00 to $59.00 and set a “neutral” rating for the company in a research note on Friday, January 30th. Robert W. Baird upped their price target on shares of Tractor Supply from $65.00 to $67.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Stephens set a $53.00 price objective on shares of Tractor Supply and gave the company an “equal weight” rating in a research report on Thursday, January 22nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Tractor Supply in a research note on Monday, December 29th. Fifteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Tractor Supply presently has a consensus rating of “Moderate Buy” and an average price target of $59.78.

Tractor Supply Company Profile

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.