Public Employees Retirement Association of Colorado Sells 1,136 Shares of Tractor Supply (NASDAQ:TSCO)

Public Employees Retirement Association of Colorado reduced its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 1.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 99,051 shares of the specialty retailer’s stock after selling 1,136 shares during the quarter. Public Employees Retirement Association of Colorado owned approximately 0.09% of Tractor Supply worth $25,924,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Tractor Supply by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 12,804,873 shares of the specialty retailer’s stock worth $2,753,432,000 after acquiring an additional 48,439 shares during the period. Capital International Investors increased its holdings in Tractor Supply by 7.6% in the 4th quarter. Capital International Investors now owns 6,233,852 shares of the specialty retailer’s stock worth $1,340,589,000 after purchasing an additional 439,954 shares in the last quarter. Capital World Investors increased its holdings in Tractor Supply by 10.0% in the 4th quarter. Capital World Investors now owns 5,849,188 shares of the specialty retailer’s stock worth $1,257,751,000 after purchasing an additional 531,170 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Tractor Supply by 63.2% in the fourth quarter. Wellington Management Group LLP now owns 4,606,455 shares of the specialty retailer’s stock valued at $990,526,000 after buying an additional 1,784,304 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Tractor Supply by 12.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock valued at $871,691,000 after buying an additional 368,859 shares during the period. 98.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on TSCO. Raymond James increased their price target on Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. TD Cowen raised their price target on Tractor Supply from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Telsey Advisory Group reissued an “outperform” rating and set a $305.00 price objective on shares of Tractor Supply in a research note on Thursday. JPMorgan Chase & Co. lifted their price target on Tractor Supply from $241.00 to $263.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Finally, Wells Fargo & Company boosted their price target on Tractor Supply from $285.00 to $295.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $256.58.

Tractor Supply Price Performance

Shares of NASDAQ:TSCO traded up $0.16 during trading hours on Monday, hitting $262.68. 337,463 shares of the company’s stock traded hands, compared to its average volume of 1,149,117. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $290.38. 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 company’s fifty day simple moving average is $273.49 and its two-hundred day simple moving average is $257.75. The company has a market cap of $28.32 billion, a price-to-earnings ratio of 25.56, a price-to-earnings-growth ratio of 3.43 and a beta of 0.81.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, meeting the consensus estimate of $3.93. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same quarter last year, the firm earned $3.83 earnings per share. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, equities analysts anticipate that Tractor Supply will post 10.29 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $4.40 annualized dividend and a dividend yield of 1.68%. Tractor Supply’s payout ratio is currently 42.84%.

Tractor Supply Company Profile

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.