California Public Employees Retirement System Has $65.11 Million Position in Tractor Supply (NASDAQ:TSCO)

California Public Employees Retirement System decreased its holdings in Tractor Supply (NASDAQ:TSCO - Free Report) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 302,772 shares of the specialty retailer's stock after selling 6,413 shares during the quarter. California Public Employees Retirement System owned approximately 0.28% of Tractor Supply worth $65,105,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new stake in shares of Tractor Supply during the 3rd quarter worth about $25,000. Pinnacle Bancorp Inc. purchased a new position in Tractor Supply in the 4th quarter worth approximately $28,000. VisionPoint Advisory Group LLC boosted its holdings in Tractor Supply by 105.6% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer's stock worth $30,000 after acquiring an additional 76 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Tractor Supply in the 3rd quarter worth approximately $33,000. Finally, Cetera Trust Company N.A purchased a new position in Tractor Supply in the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 98.72% of the company's stock.

Insider Transactions at Tractor Supply

In other news, CFO Kurt D. Barton sold 4,335 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $257.00, for a total value of $1,114,095.00. Following the completion of the transaction, the chief financial officer now owns 20,678 shares of the company's stock, valued at $5,314,246. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Kurt D. Barton sold 4,335 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $257.00, for a total value of $1,114,095.00. Following the completion of the transaction, the chief financial officer now owns 20,678 shares of the company's stock, valued at $5,314,246. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Colin Yankee sold 8,675 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $250.00, for a total value of $2,168,750.00. Following the completion of the transaction, the executive vice president now directly owns 9,673 shares of the company's stock, valued at approximately $2,418,250. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,090 shares of company stock valued at $21,201,877. 0.24% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

TSCO has been the subject of a number of analyst reports. The Goldman Sachs Group upped their price target on Tractor Supply from $230.00 to $262.00 and gave the stock a "buy" rating in a report on Friday, February 2nd. Morgan Stanley upped their price target on Tractor Supply from $195.00 to $235.00 and gave the stock an "underweight" rating in a report on Friday. Raymond James upped their price target on Tractor Supply from $250.00 to $285.00 and gave the stock an "outperform" rating in a report on Friday. Truist Financial upped their target price on Tractor Supply from $277.00 to $289.00 and gave the company a "buy" rating in a research report on Friday. Finally, Evercore ISI upped their target price on Tractor Supply from $275.00 to $280.00 and gave the company an "outperform" rating in a research report on Friday. Two research 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. According to MarketBeat, Tractor Supply currently has an average rating of "Hold" and an average price target of $248.17.

Tractor Supply Stock Performance

NASDAQ TSCO traded up $8.64 during trading hours on Friday, hitting $273.90. The company had a trading volume of 1,599,523 shares, compared to its average volume of 1,172,440. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $274.66. The company has a quick ratio of 0.28, a current ratio of 1.50 and a debt-to-equity ratio of 0.82. The business has a fifty day simple moving average of $252.44 and a 200-day simple moving average of $226.59. The firm has a market cap of $29.56 billion, a P/E ratio of 27.15, a price-to-earnings-growth ratio of 3.88 and a beta of 0.84.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.13. Tractor Supply had a return on equity of 53.60% and a net margin of 7.61%. The firm had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same period last year, the company earned $1.65 earnings per share. The firm's revenue for the quarter was up 2.8% on a year-over-year basis. Equities analysts predict that Tractor Supply will post 10.2 EPS for the current year.

Tractor Supply Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were paid a $1.10 dividend. This is a boost from Tractor Supply's previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $4.40 annualized dividend and a dividend yield of 1.61%. Tractor Supply's dividend payout ratio is presently 43.61%.

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.