Traders Sell Tractor Supply (TSCO) on Strength (TSCO)
Traders sold shares of Tractor Supply (NASDAQ:TSCO) on strength during trading hours on Thursday. $31.08 million flowed into the stock on the tick-up and $65.50 million flowed out of the stock on the tick-down, for a money net flow of $34.42 million out of the stock. Of all stocks tracked, Tractor Supply had the 0th highest net out-flow for the day. Tractor Supply traded up $0.41 for the day and closed at $85.23
Several equities research analysts recently commented on the company. BidaskClub raised Tractor Supply from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 29th. Oppenheimer boosted their target price on Tractor Supply from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, September 14th. Zacks Investment Research raised Tractor Supply from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a report on Tuesday, August 28th. Morgan Stanley boosted their target price on Tractor Supply from $75.00 to $83.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, ValuEngine raised Tractor Supply from a “hold” rating to a “buy” rating in a report on Tuesday, August 14th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have assigned a buy rating to the company. Tractor Supply presently has a consensus rating of “Hold” and an average target price of $82.00.
The firm has a market cap of $11.07 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 1.69 and a beta of 1.39. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.92 and a quick ratio of 0.19.
In other Tractor Supply news, EVP Benjamin F. Parrish, Jr. sold 5,000 shares of the business’s stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $82.00, for a total transaction of $410,000.00. Following the sale, the executive vice president now directly owns 21,948 shares of the company’s stock, valued at approximately $1,799,736. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Steve K. Barbarick sold 21,257 shares of the business’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $89.12, for a total transaction of $1,894,423.84. Following the sale, the chief operating officer now directly owns 78,210 shares in the company, valued at $6,970,075.20. The disclosure for this sale can be found here. Insiders sold 235,676 shares of company stock worth $20,846,977 in the last ninety days. 1.60% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in the business. Bank of Montreal Can raised its stake in Tractor Supply by 16.9% during the 3rd quarter. Bank of Montreal Can now owns 496,324 shares of the specialty retailer’s stock valued at $45,106,000 after purchasing an additional 71,799 shares during the period. Wendell David Associates Inc. purchased a new position in shares of Tractor Supply during the 3rd quarter valued at $205,000. NEXT Financial Group Inc purchased a new position in shares of Tractor Supply during the 3rd quarter valued at $184,000. Clarus Wealth Advisors grew its holdings in shares of Tractor Supply by 208.3% during the 3rd quarter. Clarus Wealth Advisors now owns 4,671 shares of the specialty retailer’s stock valued at $424,000 after acquiring an additional 3,156 shares in the last quarter. Finally, Royal London Asset Management Ltd. purchased a new position in shares of Tractor Supply during the 2nd quarter valued at $4,234,000. 81.72% of the stock is currently owned by institutional investors.
About Tractor Supply (NASDAQ:TSCO)
Tractor Supply Company operates rural lifestyle retail stores 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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