Strs Ohio cut its position in Tractor Supply (NASDAQ:TSCO) by 71.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,670 shares of the specialty retailer’s stock after selling 4,148 shares during the quarter. Strs Ohio’s holdings in Tractor Supply were worth $124,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Bredin Investment LLC acquired a new stake in shares of Tractor Supply in the 4th quarter valued at about $581,000. Hendershot Investments Inc. acquired a new stake in shares of Tractor Supply in the 4th quarter valued at about $1,561,000. Patten & Patten Inc. TN raised its stake in Tractor Supply by 0.8% during the 4th quarter. Patten & Patten Inc. TN now owns 152,219 shares of the specialty retailer’s stock valued at $11,378,000 after acquiring an additional 1,190 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Tractor Supply by 74.4% during the 4th quarter. State of Alaska Department of Revenue now owns 22,270 shares of the specialty retailer’s stock valued at $1,664,000 after acquiring an additional 9,500 shares during the last quarter. Finally, McCollum Christoferson Group LLC purchased a new stake in Tractor Supply during the 4th quarter valued at approximately $3,961,000. 92.58% of the stock is owned by hedge funds and other institutional investors.

In related news, CMO Steve K. Barbarick sold 43,076 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $69.03, for a total value of $2,973,536.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Edna Morris sold 1,054 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $67.07, for a total value of $70,691.78. Following the completion of the transaction, the director now directly owns 10,949 shares of the company’s stock, valued at $734,349.43. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

TSCO has been the subject of several analyst reports. Moffett Nathanson initiated coverage on Tractor Supply in a research note on Monday, December 4th. They set a “neutral” rating for the company. TheStreet raised Tractor Supply from a “c+” rating to a “b” rating in a research note on Wednesday, December 20th. Loop Capital set a $55.00 price objective on Tractor Supply and gave the company a “hold” rating in a research note on Wednesday, October 25th. Wolfe Research raised Tractor Supply from a “market perform” rating to an “outperform” rating in a research note on Wednesday, December 20th. Finally, BidaskClub raised Tractor Supply from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 6th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $72.85.

Tractor Supply (TSCO) opened at $66.16 on Wednesday. Tractor Supply has a one year low of $49.87 and a one year high of $82.68. The stock has a market capitalization of $8,371.38, a P/E ratio of 19.96, a PEG ratio of 1.23 and a beta of 1.17. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.24 and a current ratio of 1.95.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Wednesday, January 31st. The specialty retailer reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. Tractor Supply had a return on equity of 30.81% and a net margin of 5.82%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same period last year, the business posted $0.94 EPS. Tractor Supply’s quarterly revenue was up 1.9% on a year-over-year basis. research analysts anticipate that Tractor Supply will post 4.1 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Monday, February 26th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Friday, February 23rd. Tractor Supply’s payout ratio is currently 32.73%.

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Tractor Supply Profile

Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.

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Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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