Tractor Supply (NASDAQ:TSCO) EVP Robert D. Mills sold 5,892 shares of the company’s stock in a transaction dated Tuesday, April 20th. The shares were sold at an average price of $185.00, for a total value of $1,090,020.00. Following the sale, the executive vice president now owns 18,188 shares in the company, valued at approximately $3,364,780. The sale was disclosed in a filing with the SEC, which is available through this link.
Shares of TSCO opened at $188.11 on Friday. Tractor Supply has a fifty-two week low of $93.11 and a fifty-two week high of $191.54. The firm has a market cap of $21.86 billion, a price-to-earnings ratio of 29.21, a PEG ratio of 2.03 and a beta of 0.96. The firm has a 50 day moving average price of $172.99 and a 200-day moving average price of $152.72. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.59 and a current ratio of 1.49.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Wednesday, April 21st. The specialty retailer reported $1.55 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.59. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.44 billion. Tractor Supply had a net margin of 7.62% and a return on equity of 46.65%. The firm’s revenue for the quarter was up 39.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 earnings per share. As a group, equities research analysts predict that Tractor Supply will post 6.69 earnings per share for the current year.
A number of research analysts recently weighed in on TSCO shares. Guggenheim upped their price target on Tractor Supply from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, April 13th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell started coverage on shares of Tractor Supply in a research note on Monday, March 15th. They issued a “neutral” rating and a $158.00 target price on the stock. Morgan Stanley lifted their price objective on Tractor Supply from $156.00 to $170.00 and gave the stock an “equal weight” rating in a report on Thursday. Citigroup started coverage on shares of Tractor Supply in a report on Monday, March 15th. They set a “neutral” rating and a $158.00 price objective on the stock. Finally, Robert W. Baird boosted their price target on shares of Tractor Supply from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday. Seventeen equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $160.56.
Several institutional investors have recently modified their holdings of the company. Jackson Grant Investment Advisers Inc. purchased a new stake in Tractor Supply during the 1st quarter valued at $33,000. Perigon Wealth Management LLC purchased a new position in Tractor Supply during the 4th quarter valued at $29,000. Accel Wealth Management purchased a new position in shares of Tractor Supply during the fourth quarter valued at about $31,000. Carroll Financial Associates Inc. raised its stake in Tractor Supply by 212.3% in the first quarter. Carroll Financial Associates Inc. now owns 228 shares of the specialty retailer’s stock worth $40,000 after buying an additional 155 shares in the last quarter. Finally, Jacobi Capital Management LLC raised its stake in Tractor Supply by 43.8% in the fourth quarter. Jacobi Capital Management LLC now owns 243 shares of the specialty retailer’s stock worth $34,000 after buying an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 88.26% of the company’s stock.
Tractor Supply Company Profile
Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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