The President & COO of Tractor Supply (NASDAQ: TSCO) is Selling Shares

By Carrie Williams

Today, the President & COO of Tractor Supply (TSCOResearch Report), Steve Barbarick, sold shares of TSCO for $4.6M.

Following Steve Barbarick’s last TSCO Sell transaction on February 06, 2015, the stock climbed by 18.1%. In addition to Steve Barbarick, one other TSCO executive reported Sell trades in the last month.

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Based on Tractor Supply’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $2.13 billion and quarterly net profit of $137 million. In comparison, last year the company earned revenue of $1.95 billion and had a net profit of $110 million. TSCO’s market cap is $11.85B and the company has a P/E ratio of 22.45. Currently, Tractor Supply has an average volume of 1.31M.

Based on 8 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $99.57, reflecting a 3.7% upside.

In the last 30 days, insiders have sold $5M worth of TSCO shares and purchased $3.44M worth of TSCO shares. The insider sentiment on Tractor Supply has been negative according to 52 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Tractor Supply Co. engages in the retail sale of farm and ranch products. It operates retail farm & ranch stores and focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. The firm operates the retail stores under the names: Tractor Supply Company, Del’s Feed & Farm Supply, and Petsense.