Public Employees Retirement System of Ohio Cuts Position in Tractor Supply (NASDAQ:TSCO)

Public Employees Retirement System of Ohio decreased its holdings in Tractor Supply (NASDAQ:TSCO) by 5.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 55,954 shares of the specialty retailer’s stock after selling 3,180 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.05% of Tractor Supply worth $14,644,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TSCO. Future Financial Wealth Managment LLC purchased a new stake in shares of Tractor Supply during the first quarter valued at approximately $26,000. Private Wealth Management Group LLC purchased a new stake in shares of Tractor Supply during the fourth quarter valued at approximately $27,000. Pinnacle Bancorp Inc. purchased a new stake in shares of Tractor Supply during the fourth quarter valued at approximately $28,000. Rise Advisors LLC raised its stake in shares of Tractor Supply by 157.1% during the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 66 shares during the period. Finally, LRI Investments LLC purchased a new stake in shares of Tractor Supply during the first quarter valued at approximately $28,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Tractor Supply from $241.00 to $263.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Wells Fargo & Company raised their price target on shares of Tractor Supply from $285.00 to $295.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Evercore ISI decreased their price target on shares of Tractor Supply from $290.00 to $280.00 and set an “outperform” rating for the company in a research report on Friday. Mizuho reissued a “neutral” rating and set a $250.00 price target (up previously from $245.00) on shares of Tractor Supply in a research report on Friday, April 26th. Finally, Raymond James raised their price target on shares of Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $256.58.

Tractor Supply Price Performance

Tractor Supply stock traded down $0.95 during midday trading on Tuesday, hitting $264.13. The company’s stock had a trading volume of 22,030 shares, compared to its average volume of 1,144,129. The company has a quick ratio of 0.25, a current ratio of 1.43 and a debt-to-equity ratio of 0.76. The stock’s 50-day moving average price is $273.11 and its 200-day moving average price is $258.06. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $290.38. The company has a market capitalization of $28.48 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 3.43 and a beta of 0.81.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, hitting the consensus estimate of $3.93. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The firm had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.28 billion. During the same period in the previous year, the business earned $3.83 earnings per share. Tractor Supply’s revenue for the quarter was up 1.6% compared to the same quarter last year. Analysts anticipate that Tractor Supply will post 10.29 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th were paid a $1.10 dividend. The ex-dividend date of this dividend was Friday, May 24th. This represents a $4.40 dividend on an annualized basis and a yield of 1.67%. Tractor Supply’s dividend payout ratio is currently 42.84%.

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.