Harry A. Lawton III Sells 88,095 Shares of Tractor Supply (NASDAQ:TSCO) Stock

Tractor Supply (NASDAQ:TSCO - Get Free Report) CEO Harry A. Lawton III sold 88,095 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $54.59, for a total value of $4,809,106.05. Following the completion of the sale, the chief executive officer now owns 488,852 shares in the company, valued at approximately $26,686,430.68. This represents a 15.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Tractor Supply Stock Down 0.2 %

Shares of NASDAQ TSCO traded down $0.11 during mid-day trading on Friday, hitting $52.95. The company had a trading volume of 6,337,877 shares, compared to its average volume of 5,532,087. The business's 50-day simple moving average is $54.95 and its 200 day simple moving average is $55.22. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.20. The company has a market capitalization of $28.28 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 2.70 and a beta of 0.84. Tractor Supply has a 1-year low of $46.06 and a 1-year high of $61.53.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The specialty retailer reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.28 by ($1.84). Tractor Supply had a return on equity of 49.01% and a net margin of 7.40%. On average, analysts predict that Tractor Supply will post 2.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TSCO shares. Truist Financial cut their price target on Tractor Supply from $63.00 to $60.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Citigroup cut shares of Tractor Supply from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 17th. Wells Fargo & Company cut their price objective on shares of Tractor Supply from $65.00 to $64.00 and set an "overweight" rating for the company in a report on Monday, November 25th. Mizuho raised their price objective on Tractor Supply from $60.00 to $62.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. Finally, Benchmark upped their target price on Tractor Supply from $56.00 to $62.00 and gave the stock a "buy" rating in a research note on Monday, October 28th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $59.22.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Czech National Bank increased its position in shares of Tractor Supply by 7.0% during the third quarter. Czech National Bank now owns 21,974 shares of the specialty retailer's stock worth $6,393,000 after purchasing an additional 1,429 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Tractor Supply by 6.2% during the third quarter. GAMMA Investing LLC now owns 2,226 shares of the specialty retailer's stock worth $648,000 after acquiring an additional 130 shares during the last quarter. Azzad Asset Management Inc. ADV increased its holdings in shares of Tractor Supply by 156.6% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 3,421 shares of the specialty retailer's stock valued at $995,000 after acquiring an additional 2,088 shares during the period. Threadgill Financial LLC raised its position in Tractor Supply by 3.2% in the 3rd quarter. Threadgill Financial LLC now owns 2,951 shares of the specialty retailer's stock valued at $859,000 after purchasing an additional 91 shares during the last quarter. Finally, Strategic Wealth Partners Ltd. acquired a new stake in Tractor Supply during the 3rd quarter worth $503,000. Institutional investors and hedge funds own 98.72% 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 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.