Public Employees Retirement Association of Colorado Trims Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Public Employees Retirement Association of Colorado decreased its position in Tractor Supply (NASDAQ:TSCO) by 1.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,051 shares of the specialty retailer’s stock after selling 1,136 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Tractor Supply were worth $25,924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Citizens National Bank Trust Department grew its position in Tractor Supply by 0.5% during the 4th quarter. Citizens National Bank Trust Department now owns 9,700 shares of the specialty retailer’s stock worth $2,086,000 after purchasing an additional 45 shares during the period. Lindbrook Capital LLC grew its position in Tractor Supply by 10.9% during the 1st quarter. Lindbrook Capital LLC now owns 459 shares of the specialty retailer’s stock worth $120,000 after purchasing an additional 45 shares during the period. Wedmont Private Capital grew its position in Tractor Supply by 3.6% during the 1st quarter. Wedmont Private Capital now owns 1,309 shares of the specialty retailer’s stock worth $331,000 after purchasing an additional 45 shares during the period. Wahed Invest LLC grew its position in shares of Tractor Supply by 2.8% during the 4th quarter. Wahed Invest LLC now owns 1,783 shares of the specialty retailer’s stock valued at $383,000 after acquiring an additional 49 shares during the period. Finally, Fidelis Capital Partners LLC grew its position in shares of Tractor Supply by 5.0% during the 4th quarter. Fidelis Capital Partners LLC now owns 1,116 shares of the specialty retailer’s stock valued at $240,000 after acquiring an additional 53 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Up 0.1 %

NASDAQ:TSCO traded up $0.16 during trading hours on Monday, hitting $262.68. The company’s stock had a trading volume of 337,463 shares, compared to its average volume of 1,149,117. The stock has a market capitalization of $28.32 billion, a P/E ratio of 25.56, a price-to-earnings-growth ratio of 3.43 and a beta of 0.81. The stock has a fifty day moving average of $273.49 and a 200-day moving average of $257.75. The company has a current ratio of 1.43, a quick ratio of 0.25 and a debt-to-equity ratio of 0.76. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $290.38.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) 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 company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter in the prior year, the firm posted $3.83 earnings per share. Tractor Supply’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, equities analysts forecast that Tractor Supply will post 10.29 earnings per share for the current year.

Tractor Supply Dividend Announcement

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

Analyst Ratings Changes

TSCO has been the topic of a number of analyst reports. Morgan Stanley raised their target price on Tractor Supply from $195.00 to $235.00 and gave the company an “underweight” rating in a research report on Friday, April 26th. Benchmark restated a “buy” rating and set a $280.00 target price on shares of Tractor Supply in a research report on Friday. Truist Financial raised their target price on Tractor Supply from $289.00 to $293.00 and gave the company a “buy” rating in a research report on Friday. JPMorgan Chase & Co. raised their target price on Tractor Supply from $241.00 to $263.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Finally, Robert W. Baird boosted their price objective on Tractor Supply from $260.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $256.58.

Tractor Supply 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.