Teachers Retirement System of The State of Kentucky Decreases Stake in Tractor Supply (NASDAQ:TSCO)

Teachers Retirement System of The State of Kentucky decreased its holdings in Tractor Supply (NASDAQ:TSCO) by 91.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 8,658 shares of the specialty retailer’s stock after selling 88,681 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Tractor Supply were worth $2,338,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Future Financial Wealth Managment LLC acquired a new stake in shares of Tractor Supply in the 1st quarter valued at about $26,000. Rise Advisors LLC grew its stake in Tractor Supply by 157.1% in the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 66 shares in the last quarter. LRI Investments LLC bought a new stake in Tractor Supply in the first quarter valued at about $28,000. J.Safra Asset Management Corp raised its stake in Tractor Supply by 700.0% during the first quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 98 shares in the last quarter. Finally, Whittier Trust Co. lifted its holdings in Tractor Supply by 60.9% during the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after buying an additional 42 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Tractor Supply

In related news, CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total value of $6,957,000.48. Following the completion of the sale, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total value of $6,957,000.48. Following the completion of the sale, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Matthew L. Rubin sold 540 shares of Tractor Supply stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the transaction, the senior vice president now directly owns 5,170 shares in the company, valued at approximately $1,356,349.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.

Tractor Supply Price Performance

NASDAQ TSCO opened at $294.97 on Friday. The stock has a market capitalization of $31.82 billion, a P/E ratio of 28.72, a P/E/G ratio of 3.74 and a beta of 0.80. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.25 and a current ratio of 1.43. The business’s fifty day moving average is $271.03 and its two-hundred day moving average is $268.87. Tractor Supply has a 1 year low of $185.00 and a 1 year high of $298.36.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $3.93. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same period in the previous year, the firm earned $3.83 earnings per share. Tractor Supply’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, research analysts forecast that Tractor Supply will post 10.23 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend was Monday, August 26th. Tractor Supply’s payout ratio is 42.84%.

Wall Street Analyst Weigh In

TSCO has been the subject of a number of research analyst reports. Evercore ISI downgraded Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 price target for the company. in a report on Thursday. Wells Fargo & Company boosted their target price on shares of Tractor Supply from $285.00 to $295.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Loop Capital raised their price target on shares of Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price target on shares of Tractor Supply in a report on Thursday, July 25th. Finally, Melius Research began coverage on shares of Tractor Supply in a research note on Monday, September 23rd. They set a “buy” rating and a $315.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $261.70.

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.