Traders Buy Tractor Supply (TSCO) on Weakness After Insider Selling

Investors bought shares of Tractor Supply (NASDAQ:TSCO) on weakness during trading hours on Wednesday following insider selling activity. $61.96 million flowed into the stock on the tick-up and $23.98 million flowed out of the stock on the tick-down, for a money net flow of $37.98 million into the stock. Of all equities tracked, Tractor Supply had the 20th highest net in-flow for the day. Tractor Supply traded down ($1.58) for the day and closed at $94.19Specifically, EVP Robert D. Mills sold 20,278 shares of the company’s stock in a transaction on Monday, November 12th. The stock was sold at an average price of $97.10, for a total transaction of $1,968,993.80. Following the completion of the sale, the executive vice president now owns 31,826 shares in the company, valued at $3,090,304.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory A. Sandfort sold 140,709 shares of the company’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $90.28, for a total value of $12,703,208.52. Following the sale, the chief executive officer now owns 118,845 shares of the company’s stock, valued at approximately $10,729,326.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 244,626 shares of company stock valued at $22,232,974. 1.60% of the stock is owned by company insiders.

A number of brokerages have commented on TSCO. Piper Jaffray Companies upped their price target on Tractor Supply from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, July 27th. BidaskClub cut Tractor Supply from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 5th. Wedbush upgraded Tractor Supply from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $80.00 to $100.00 in a research report on Friday, October 26th. Zacks Investment Research cut Tractor Supply from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. Finally, Stephens set a $93.00 price target on Tractor Supply and gave the stock a “buy” rating in a research report on Friday, July 27th. Ten analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $87.73.

The company has a quick ratio of 0.21, a current ratio of 1.99 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $11.72 billion, a PE ratio of 28.29, a PEG ratio of 1.84 and a beta of 1.22.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, October 25th. The specialty retailer reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.08. Tractor Supply had a return on equity of 36.23% and a net margin of 6.54%. The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.82 billion. As a group, analysts expect that Tractor Supply will post 4.29 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 11th. Investors of record on Monday, November 26th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, November 23rd. Tractor Supply’s dividend payout ratio is currently 37.24%.

Several large investors have recently added to or reduced their stakes in TSCO. Piedmont Investment Advisors LLC bought a new position in Tractor Supply during the second quarter valued at approximately $106,000. Columbia Asset Management bought a new position in Tractor Supply during the third quarter valued at approximately $120,000. Qube Research & Technologies Ltd bought a new position in Tractor Supply during the second quarter valued at approximately $130,000. Steward Partners Investment Advisory LLC boosted its stake in Tractor Supply by 118.9% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,751 shares of the specialty retailer’s stock valued at $134,000 after buying an additional 951 shares during the last quarter. Finally, Stratos Wealth Partners LTD. bought a new position in Tractor Supply during the third quarter valued at approximately $142,000. Hedge funds and other institutional investors own 82.52% of the company’s stock.

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Tractor Supply Company Profile (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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