Teacher Retirement System of Texas Lowers Stake in Tractor Supply (NASDAQ:TSCO)

Teacher Retirement System of Texas lessened its position in Tractor Supply (NASDAQ:TSCO) by 40.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,037 shares of the specialty retailer’s stock after selling 3,453 shares during the period. Teacher Retirement System of Texas’ holdings in Tractor Supply were worth $1,083,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP raised its position in shares of Tractor Supply by 9,370.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,822,151 shares of the specialty retailer’s stock worth $573,038,000 after buying an additional 2,792,352 shares during the period. Invesco Ltd. lifted its stake in shares of Tractor Supply by 76.7% in the third quarter. Invesco Ltd. now owns 2,024,182 shares of the specialty retailer’s stock worth $411,010,000 after acquiring an additional 878,874 shares in the last quarter. Alecta Tjanstepension Omsesidigt boosted its holdings in Tractor Supply by 87.5% in the fourth quarter. Alecta Tjanstepension Omsesidigt now owns 750,000 shares of the specialty retailer’s stock valued at $161,272,000 after purchasing an additional 350,000 shares during the last quarter. International Assets Investment Management LLC grew its stake in Tractor Supply by 32,987.5% during the 4th quarter. International Assets Investment Management LLC now owns 270,325 shares of the specialty retailer’s stock valued at $58,128,000 after purchasing an additional 269,508 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Tractor Supply by 22.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,148,340 shares of the specialty retailer’s stock worth $233,170,000 after purchasing an additional 210,131 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Insider Buying and Selling at Tractor Supply

In other news, CFO Kurt D. Barton sold 4,335 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the completion of the sale, the chief financial officer now directly owns 20,678 shares of the company’s stock, valued at approximately $5,314,246. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Colin Yankee sold 8,675 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $250.00, for a total value of $2,168,750.00. Following the completion of the transaction, the executive vice president now owns 9,673 shares of the company’s stock, valued at approximately $2,418,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kurt D. Barton sold 4,335 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the sale, the chief financial officer now directly owns 20,678 shares in the company, valued at $5,314,246. The disclosure for this sale can be found here. 0.58% of the stock is owned by corporate insiders.

Tractor Supply Stock Up 0.6 %

TSCO opened at $285.68 on Wednesday. The stock’s fifty day moving average is $261.76 and its 200-day moving average is $236.09. Tractor Supply has a one year low of $185.00 and a one year high of $287.89. The company has a market capitalization of $30.80 billion, a PE ratio of 27.82, a P/E/G ratio of 3.57 and a beta of 0.82. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.19 and a current ratio of 1.40.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.13. The company had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.40 billion. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. Tractor Supply’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.65 EPS. On average, equities analysts predict that Tractor Supply will post 10.33 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th will be given a $1.10 dividend. The ex-dividend date of this dividend is Friday, May 24th. This represents a $4.40 annualized dividend and a yield of 1.54%. Tractor Supply’s dividend payout ratio (DPR) is 42.84%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Wells Fargo & Company increased their target price on Tractor Supply from $250.00 to $285.00 and gave the company an “overweight” rating in a research note on Monday, March 25th. Truist Financial increased their price target on shares of Tractor Supply from $277.00 to $289.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. The Goldman Sachs Group boosted their price objective on Tractor Supply from $230.00 to $262.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Evercore ISI lifted their target price on Tractor Supply from $285.00 to $290.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. Finally, Benchmark reissued a “buy” rating and set a $256.00 price target on shares of Tractor Supply in a research report on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $253.96.

About Tractor Supply

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.