TSCO (Tractor Supply Company) may reap gains as insiders became active recently


Tractor Supply Company’s recent filing unveils that its EVP Chief HR Officer Kersey Melissa unloaded Company’s shares for reported $1.09 million on Nov 01. In the deal valued at $221.19 per share,4,921 shares were sold. As a result of this transaction, Kersey Melissa now holds 4,573 shares worth roughly $ 0.94 million.

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Then, MORRIS EDNA sold 3,566 shares, generating $774,785 in total proceeds. Upon selling the shares at $217.27, the Director now owns 2,713 shares.

Before that, Mills Robert D sold 10,512 shares. Tractor Supply Company shares valued at $2,312,640 were divested by the EVP Chief Technology Officer at a price of $220.00 per share. As a result of the transaction, Mills Robert D now holds 16,137 shares, worth roughly $3.33 million.

Truist reiterated its Tractor Supply Company [TSCO] rating to a Buy in a research note published on Friday, October 21, 2022; the price target was $237. PT values the company’s stock at a premium of 12.84 to its Friday closing price. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who remained covering the stock and in late October has reiterated a ‘”an Outperform”‘ rating for it. Raymond James also remained covering TSCO and reiterated its “Strong buy” recommendation on October 21, 2022. Piper Sandler maintained its rating on October 21, 2022. It rated TSCO as “an Overweight”.

Price Performance Review of TSCO

On Friday, Tractor Supply Company [NASDAQ:TSCO] saw its stock fall -2.25% to $206.56. On the same session, the stock had its day’s lowest price of $202.54, but rose to a high of $213.20. Over the last five days, the stock has lost -7.43%. Tractor Supply Company shares have fallen nearly -13.43% since the year began. Nevertheless, the stocks have fallen -5.28% over the past one year. While a 52-week high of $241.54 was reached on 03/31/22, a 52-week low of $166.49 was recorded on 05/25/22. SMA at 50 days reached $197.80, while 200 days put it at $204.71. A total of 1.87 million shares were traded, compared to the trading of 1.09 million shares in the previous session.

Levels Of Support And Resistance For TSCO Stock

The 24-hour chart illustrates a support level at 201.67, which if violated will result in even more drops to 196.77. On the upside, there is a resistance level at 212.33. A further resistance level may holdings at 218.09. The Relative Strength Index (RSI) on the 14-day chart is 50.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.63%. Stochastics %K at 61.07% indicates the stock is a holding.

How much short interest is there in Tractor Supply Company?

A steep rise in short interest was recorded in Tractor Supply Company stocks on Jul 14, 2022, growing by 0.37 million shares to a total of 3.06 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 2.69 million shares. There was a rise of 12.09%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.10% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.87.

Tractor Supply Company [TSCO] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 12,402,384 shares, or roughly 11.17% of the outstanding TSCO shares. In other words, the investor’s shares have risen by 28,957 from its previous 13-F filing of 12373427.0. Additionally, BlackRock Fund Advisors decreased -4.01% of its stake after which the total value it holdings stand at $1,173,398,170, while SSgA Funds Management, Inc. reduced -4.68% of its stake to hold $860.62 million in the firm. Over the last quarter, ClearBridge Investments LLC sold -393,807 shares of Tractor Supply Company, while Geode Capital Management LLC sold -4,077 shares. At present, Select Equity Group LP is holding 2,262,752 shares valued at $420.6 million. Nordea Investment Management AB owned 1,510,112 shares of the company at the time of its most recent 13F filing, worth $280.7 million.

According to FactSet, Tractor Supply Company’s share price will average $229.56 in the next year, based on opinions of analysts polled by the firm. This is up nearly 11.21 percent from its previous closing price of $211.31. Analysts expect Tractor Supply Company stock to reach the higher price of $270.00, while the lowest price estimate is $195.00. However, 32 analysts have rated TSCO stock as an Overweight in their predictions for 2022. The most recent change occurred on October 21, 2022 when JP Morgan resumed its ‘”a Neutral”‘ rating for the stock and retained the price target to $219.


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