Benjamin F. Parrish, Jr. Sells 2,000 Shares of Tractor Supply (TSCO) Stock
Tractor Supply (NASDAQ:TSCO) EVP Benjamin F. Parrish, Jr. sold 2,000 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $99.05, for a total transaction of $198,100.00. Following the completion of the transaction, the executive vice president now directly owns 26,549 shares of the company’s stock, valued at $2,629,678.45. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
TSCO opened at $99.59 on Friday. Tractor Supply has a 12-month low of $58.27 and a 12-month high of $99.60. The company has a quick ratio of 0.22, a current ratio of 1.91 and a debt-to-equity ratio of 0.26. The company has a market cap of $11.77 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 1.84 and a beta of 1.10.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, January 31st. The specialty retailer reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.02. Tractor Supply had a net margin of 6.73% and a return on equity of 36.86%. The company had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.10 billion. Analysts expect that Tractor Supply will post 4.71 EPS for the current year.
TSCO has been the subject of several research analyst reports. Zacks Investment Research raised shares of Tractor Supply from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a research report on Tuesday, December 11th. Credit Suisse Group reaffirmed a “hold” rating and issued a $85.00 price objective on shares of Tractor Supply in a research report on Tuesday, January 29th. BidaskClub lowered shares of Tractor Supply from a “buy” rating to a “hold” rating in a research report on Saturday, January 5th. Wells Fargo & Co increased their price objective on shares of Tractor Supply from $102.00 to $108.00 and gave the company an “outperform” rating in a research report on Thursday, February 14th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $90.00 price objective (down from $95.00) on shares of Tractor Supply in a research report on Wednesday, January 9th. Ten investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $92.63.
Institutional investors and hedge funds have recently bought and sold shares of the business. Bruderman Asset Management LLC purchased a new position in Tractor Supply during the 4th quarter worth approximately $25,000. Cordasco Financial Network increased its holdings in shares of Tractor Supply by 53.6% during the 4th quarter. Cordasco Financial Network now owns 338 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 118 shares in the last quarter. Rational Advisors LLC increased its holdings in shares of Tractor Supply by 570.9% during the 4th quarter. Rational Advisors LLC now owns 369 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 314 shares in the last quarter. Liberty Wealth Management LLC purchased a new position in shares of Tractor Supply during the 4th quarter valued at approximately $31,000. Finally, Laurel Wealth Advisors LLC purchased a new position in shares of Tractor Supply during the 4th quarter valued at approximately $33,000. 82.24% of the stock is owned by institutional investors.
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Tractor Supply Company Profile
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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