Tractor Supply (NASDAQ:TSCO) EVP Melissa Kersey Sells 9,300 Shares of Stock

Tractor Supply (NASDAQ:TSCO) EVP Melissa Kersey sold 9,300 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $53.17, for a total value of $494,481.00. Following the sale, the executive vice president now directly owns 34,961 shares of the company’s stock, valued at $1,858,876.37. This trade represents a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Tractor Supply Price Performance

NASDAQ:TSCO opened at $52.95 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.20. Tractor Supply has a one year low of $46.06 and a one year high of $61.53. The company has a fifty day moving average price of $54.95 and a 200 day moving average price of $55.19. The stock has a market cap of $28.28 billion, a P/E ratio of 25.96, a PEG ratio of 2.70 and a beta of 0.84.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, January 30th. The specialty retailer reported $0.44 earnings per share for the quarter, missing the consensus estimate of $2.28 by ($1.84). Tractor Supply had a net margin of 7.40% and a return on equity of 49.01%. Analysts anticipate that Tractor Supply will post 2.17 earnings per share for the current year.

Institutional Trading of Tractor Supply

Institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Tractor Supply in the fourth quarter valued at $329,458,000. Meridiem Investment Management Ltd. raised its stake in shares of Tractor Supply by 398.9% in the 4th quarter. Meridiem Investment Management Ltd. now owns 5,118,785 shares of the specialty retailer’s stock valued at $271,674,000 after buying an additional 4,092,808 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Tractor Supply by 3.5% during the 3rd quarter. Wellington Management Group LLP now owns 4,740,864 shares of the specialty retailer’s stock worth $1,379,260,000 after acquiring an additional 161,503 shares during the period. State Street Corp boosted its position in shares of Tractor Supply by 1.1% during the 3rd quarter. State Street Corp now owns 4,518,341 shares of the specialty retailer’s stock valued at $1,314,521,000 after acquiring an additional 47,951 shares in the last quarter. Finally, Amundi increased its stake in Tractor Supply by 495.2% in the fourth quarter. Amundi now owns 4,145,992 shares of the specialty retailer’s stock valued at $225,501,000 after acquiring an additional 3,449,442 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Ratings Changes

TSCO has been the topic of a number of research reports. Bank of America increased their price objective on Tractor Supply from $44.00 to $53.00 and gave the stock an “underperform” rating in a report on Thursday, January 16th. Truist Financial dropped their price target on shares of Tractor Supply from $63.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Evercore ISI raised shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 15th. Robert W. Baird set a $64.00 target price on shares of Tractor Supply in a research report on Thursday, October 17th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $67.00 price target on shares of Tractor Supply in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $59.22.

Tractor Supply Company Profile

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.