Public Employees Retirement System of Ohio Sells 3,180 Shares of Tractor Supply (NASDAQ:TSCO)

Public Employees Retirement System of Ohio reduced its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 5.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 55,954 shares of the specialty retailer’s stock after selling 3,180 shares during the period. Public Employees Retirement System of Ohio’s holdings in Tractor Supply were worth $14,644,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of TSCO. Future Financial Wealth Managment LLC bought a new stake in shares of Tractor Supply during the 1st quarter worth $26,000. Private Wealth Management Group LLC acquired a new position in Tractor Supply in the 4th quarter worth about $27,000. Pinnacle Bancorp Inc. acquired a new position in Tractor Supply in the 4th quarter worth about $28,000. Rise Advisors LLC increased its holdings in Tractor Supply by 157.1% in the 1st quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 66 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in Tractor Supply in the 1st quarter worth about $28,000. 98.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on TSCO. Raymond James upped their target price on Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Morgan Stanley raised their target price on Tractor Supply from $195.00 to $235.00 and gave the stock an “underweight” rating in a research note on Friday, April 26th. Wedbush reaffirmed a “neutral” rating and set a $270.00 target price on shares of Tractor Supply in a research note on Friday. Piper Sandler raised their target price on Tractor Supply from $265.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. Finally, Robert W. Baird raised their target price 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 assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $256.58.

Tractor Supply Stock Performance

Shares of TSCO traded down $0.95 on Tuesday, reaching $264.13. 22,030 shares of the company’s stock traded hands, compared to its average volume of 1,144,129. The company has a current ratio of 1.43, a quick ratio of 0.25 and a debt-to-equity ratio of 0.76. The stock has a market cap of $28.48 billion, a PE ratio of 25.81, a PEG ratio of 3.43 and a beta of 0.81. The stock’s 50 day simple moving average is $273.11 and its two-hundred day simple moving average is $258.06. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $290.38.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, meeting analysts’ consensus estimates of $3.93. The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.28 billion. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. Tractor Supply’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the business posted $3.83 earnings per share. On average, analysts forecast that Tractor Supply will post 10.29 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

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

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.