Tractor Supply Company (NASDAQ:TSCO) Holdings Decreased by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its position in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 7.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 440,804 shares of the specialty retailer's stock after selling 34,771 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of Tractor Supply worth $24,288,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in 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 during the last quarter. Wellington Management Group LLP raised its holdings 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 during the period. Alliancebernstein L.P. raised its holdings 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 during the period. Capital World Investors lifted its position in shares of Tractor Supply by 403.7% in the 4th quarter. Capital World Investors now owns 19,433,135 shares of the specialty retailer's stock worth $1,031,122,000 after buying an additional 15,575,311 shares during the last quarter. Finally, Capital International Investors boosted its holdings in shares of Tractor Supply by 334.7% in the 4th quarter. Capital International Investors now owns 15,429,288 shares of the specialty retailer's stock valued at $818,421,000 after buying an additional 11,880,010 shares during the period. Institutional investors own 98.72% of the company's stock.

Insiders Place Their Bets

In other news, SVP Matthew L. Rubin sold 2,810 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $51.76, for a total transaction of $145,445.60. Following the completion of the sale, the senior vice president directly owned 29,722 shares of the company's stock, valued at $1,538,410.72. This represents a 8.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jonathan S. Estep sold 56,630 shares of Tractor Supply stock in a transaction dated Monday, June 23rd. The stock was 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 in the company, valued at $3,954,065. This represents a 43.15% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.65% of the company's stock.

Tractor Supply Price Performance

TSCO stock traded down $0.34 during trading hours on Thursday, hitting $54.80. 2,938,398 shares of the stock traded hands, compared to its average volume of 5,150,793. The stock has a 50-day simple moving average of $51.27 and a 200 day simple moving average of $52.98. The company has a market cap of $29.05 billion, a P/E ratio of 27.21, a P/E/G ratio of 2.97 and a beta of 0.75. Tractor Supply Company has a one year low of $46.85 and a one year high of $61.53. 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 quarterly earnings data on Thursday, April 24th. The specialty retailer reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.03). Tractor Supply had a net margin of 7.24% and a return on equity of 47.56%. The business had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter last year, the business posted $1.83 EPS. The business's revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts forecast that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Wednesday, May 28th. Tractor Supply's dividend payout ratio is presently 45.77%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TSCO shares. Guggenheim cut their target price on shares of Tractor Supply from $60.00 to $55.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Stephens began coverage on Tractor Supply in a report on Wednesday, April 9th. They issued an "equal weight" rating and a $56.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on Tractor Supply from $59.00 to $56.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Citigroup dropped their target price on Tractor Supply from $59.00 to $51.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Finally, Telsey Advisory Group set a $60.00 price target on shares of Tractor Supply in a report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $58.02.

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.