Kentucky Retirement Systems Has $2.15 Million Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Kentucky Retirement Systems lowered its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 5.1% in the first quarter, Holdings Channel.com reports. The institutional investor owned 8,210 shares of the specialty retailer’s stock after selling 440 shares during the period. Kentucky Retirement Systems’ holdings in Tractor Supply were worth $2,149,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TSCO. Wedmont Private Capital raised its stake in shares of Tractor Supply by 3.6% in the first 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 last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of Tractor Supply by 998.2% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 109,403 shares of the specialty retailer’s stock worth $23,525,000 after purchasing an additional 99,441 shares during the last quarter. Scotia Capital Inc. boosted its position in Tractor Supply by 792.9% during the 4th quarter. Scotia Capital Inc. now owns 19,438 shares of the specialty retailer’s stock valued at $4,180,000 after acquiring an additional 17,261 shares in the last quarter. WCM Investment Management LLC purchased a new position in shares of Tractor Supply during the fourth quarter valued at approximately $782,000. Finally, Vanguard Group Inc. raised its holdings in Tractor Supply by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 12,804,873 shares of the specialty retailer’s stock worth $2,753,432,000 after acquiring an additional 48,439 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Trading Up 0.2 %

Shares of TSCO stock traded up $0.56 during mid-day trading on Monday, reaching $263.08. 180,827 shares of the stock traded hands, compared to its average volume of 1,148,180. The stock’s fifty day simple moving average is $273.49 and its two-hundred day simple moving average is $257.75. 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 company has a market cap of $28.36 billion, a price-to-earnings ratio of 25.56, a price-to-earnings-growth ratio of 3.43 and a beta of 0.81. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $290.38.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $3.93. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The business 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 company posted $3.83 earnings per share. Tractor Supply’s revenue was up 1.6% compared to the same quarter last year. On average, research analysts anticipate that Tractor Supply will post 10.29 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th were issued a dividend of $1.10 per share. The ex-dividend date 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 (DPR) is 42.84%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Benchmark reaffirmed a “buy” rating and issued a $280.00 target price on shares of Tractor Supply in a report on Friday. Barclays increased their price target on shares of Tractor Supply from $234.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Morgan Stanley increased their price objective on shares of Tractor Supply from $195.00 to $235.00 and gave the stock an “underweight” rating in a research report on Friday, April 26th. Wedbush reissued a “neutral” rating and issued a $270.00 price objective on shares of Tractor Supply in a research report on Friday. Finally, Piper Sandler raised their target price on shares of Tractor Supply from $265.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. Two equities 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $256.58.

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.