Teacher Retirement System of Texas raised its holdings in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 182.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,625 shares of the specialty retailer's stock after buying an additional 63,115 shares during the period. Teacher Retirement System of Texas' holdings in Tractor Supply were worth $5,379,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of TSCO. Vanguard Group Inc. increased its position in shares of Tractor Supply by 392.5% during the fourth quarter. Vanguard Group Inc. now owns 64,033,972 shares of the specialty retailer's stock worth $3,397,643,000 after purchasing an additional 51,031,178 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Tractor Supply by 401.8% during the fourth quarter. Wellington Management Group LLP now owns 23,789,249 shares of the specialty retailer's stock worth $1,262,258,000 after purchasing an additional 19,048,385 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Tractor Supply by 403.3% during the fourth quarter. Alliancebernstein L.P. now owns 22,256,534 shares of the specialty retailer's stock worth $1,180,932,000 after purchasing an additional 17,834,643 shares in the last quarter. Capital World Investors increased its position in shares of Tractor Supply by 403.7% during the fourth quarter. Capital World Investors now owns 19,433,135 shares of the specialty retailer's stock worth $1,031,122,000 after purchasing an additional 15,575,311 shares in the last quarter. Finally, Capital International Investors increased its position in shares of Tractor Supply by 334.7% during the fourth quarter. Capital International Investors now owns 15,429,288 shares of the specialty retailer's stock worth $818,421,000 after purchasing an additional 11,880,010 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.
Tractor Supply Trading Down 1.8%
Shares of TSCO stock traded down $1.01 on Tuesday, reaching $55.76. 499,019 shares of the stock were exchanged, compared to its average volume of 5,147,509. The stock has a market cap of $29.56 billion, a P/E ratio of 27.56, a price-to-earnings-growth ratio of 2.94 and a beta of 0.75. The company has a quick ratio of 0.17, a current ratio of 1.41 and a debt-to-equity ratio of 0.94. The firm has a 50 day moving average of $51.52 and a two-hundred day moving average of $53.00. Tractor Supply Company has a 1-year low of $46.85 and a 1-year high of $61.53.
Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The specialty retailer reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.03). The firm had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.55 billion. Tractor Supply had a return on equity of 47.56% and a net margin of 7.24%. The company's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.83 earnings per share. On average, research analysts anticipate that Tractor Supply Company will post 2.17 EPS for the current year.
Tractor Supply Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, May 28th. This represents a $0.92 dividend on an annualized basis and a yield of 1.65%. Tractor Supply's dividend payout ratio (DPR) is 45.77%.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the company. Guggenheim dropped their price target on Tractor Supply from $60.00 to $55.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. UBS Group set a $54.00 price target on Tractor Supply in a research report on Friday, April 25th. Robert W. Baird dropped their price target on Tractor Supply from $63.00 to $56.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Telsey Advisory Group set a $60.00 price objective on Tractor Supply in a report on Friday, April 25th. Finally, Citigroup lowered their price objective on Tractor Supply from $59.00 to $51.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Tractor Supply currently has a consensus rating of "Moderate Buy" and a consensus target price of $58.02.
Read Our Latest Report on TSCO
Insider Buying and Selling
In other Tractor Supply news, EVP Jonathan S. Estep sold 56,630 shares of the company's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $53.00, for a total value of $3,001,390.00. Following the completion of the transaction, the executive vice president directly owned 74,605 shares of the company's stock, valued at $3,954,065. This represents a 43.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Matthew L. Rubin sold 2,810 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $51.76, for a total transaction of $145,445.60. Following the completion of the transaction, the senior vice president directly owned 29,722 shares of the company's stock, valued at approximately $1,538,410.72. The trade was a 8.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 60,990 shares of company stock valued at $3,232,086. Company insiders own 0.65% of the company's stock.
About Tractor Supply
(
Free Report)
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.
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