Teacher Retirement System of Texas Has $5.38 Million Position in Tractor Supply Company (NASDAQ:TSCO)

Teacher Retirement System of Texas grew its holdings in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 182.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 97,625 shares of the specialty retailer's stock after purchasing 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.

Other institutional investors and hedge funds also recently modified their holdings of the company. Coppell Advisory Solutions LLC increased its holdings in shares of Tractor Supply by 944.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 470 shares of the specialty retailer's stock worth $25,000 after acquiring an additional 425 shares during the period. Whittier Trust Co. increased its holdings in shares of Tractor Supply by 400.0% in the 4th quarter. Whittier Trust Co. now owns 500 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 400 shares during the period. Dunhill Financial LLC increased its holdings in shares of Tractor Supply by 325.8% in the 4th quarter. Dunhill Financial LLC now owns 511 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 391 shares during the period. Pacific Center for Financial Services increased its holdings in shares of Tractor Supply by 400.0% in the 4th quarter. Pacific Center for Financial Services now owns 550 shares of the specialty retailer's stock worth $29,000 after acquiring an additional 440 shares during the period. Finally, LRI Investments LLC increased its holdings in shares of Tractor Supply by 400.0% in the 4th quarter. LRI Investments LLC now owns 615 shares of the specialty retailer's stock worth $33,000 after acquiring an additional 492 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Tractor Supply

In other news, EVP Jonathan S. Estep sold 56,630 shares of the stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $53.00, for a total transaction of $3,001,390.00. Following the transaction, the executive vice president owned 74,605 shares of the company's stock, valued at approximately $3,954,065. This represents a 43.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Matthew L. Rubin sold 2,810 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $51.76, for a total value of $145,445.60. Following the sale, the senior vice president directly owned 29,722 shares of the company's stock, valued at $1,538,410.72. The trade was a 8.64% decrease in their position. The disclosure for this sale can be found here. 0.65% of the stock is owned by insiders.

Tractor Supply Trading Up 3.9%

Shares of TSCO traded up $2.13 during midday trading on Monday, hitting $56.76. The stock had a trading volume of 8,824,856 shares, compared to its average volume of 5,618,976. Tractor Supply Company has a fifty-two week low of $46.85 and a fifty-two week high of $61.53. The business has a 50-day simple moving average of $51.36 and a two-hundred day simple moving average of $52.98. The firm has a market cap of $30.09 billion, a P/E ratio of 28.18, a price-to-earnings-growth ratio of 2.94 and a beta of 0.75. The company has a current ratio of 1.41, a quick ratio of 0.17 and a debt-to-equity ratio of 0.94.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its earnings results on Thursday, April 24th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.03). The business had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.55 billion. Tractor Supply had a net margin of 7.24% and a return on equity of 47.56%. Tractor Supply's revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.83 earnings per share. As a group, equities analysts forecast that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.92 annualized dividend and a yield of 1.62%. Tractor Supply's dividend payout ratio (DPR) is currently 45.77%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Telsey Advisory Group set a $60.00 price objective on shares of Tractor Supply in a report on Friday, April 25th. UBS Group set a $54.00 price objective on shares of Tractor Supply in a report on Friday, April 25th. Stephens started coverage on shares of Tractor Supply in a research note on Wednesday, April 9th. They set an "equal weight" rating and a $56.00 target price on the stock. Guggenheim lowered their target price on shares of Tractor Supply from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Robert W. Baird lowered their target price on shares of Tractor Supply from $63.00 to $56.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Tractor Supply currently has a consensus rating of "Moderate Buy" and an average price target of $58.02.

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.