Teacher Retirement System of Texas boosted its position in shares of Tractor Supply (NASDAQ:TSCO) by 3.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 232,274 shares of the specialty retailer’s stock after buying an additional 8,223 shares during the period. Teacher Retirement System of Texas’ holdings in Tractor Supply were worth $25,271,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TSCO. Icon Wealth Partners LLC acquired a new position in Tractor Supply during the first quarter worth approximately $27,000. Lindbrook Capital LLC grew its stake in shares of Tractor Supply by 79.7% in the 1st quarter. Lindbrook Capital LLC now owns 451 shares of the specialty retailer’s stock valued at $44,000 after purchasing an additional 200 shares during the last quarter. Pinnacle Financial Partners Inc. purchased a new position in shares of Tractor Supply in the 1st quarter valued at approximately $49,000. Quadrant Capital Group LLC grew its stake in shares of Tractor Supply by 241.8% in the 1st quarter. Quadrant Capital Group LLC now owns 523 shares of the specialty retailer’s stock valued at $50,000 after purchasing an additional 370 shares during the last quarter. Finally, Flagship Harbor Advisors LLC grew its stake in shares of Tractor Supply by 255.9% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 484 shares of the specialty retailer’s stock valued at $52,000 after purchasing an additional 348 shares during the last quarter. 83.27% of the stock is currently owned by institutional investors.

Several research analysts have weighed in on TSCO shares. BidaskClub upgraded Tractor Supply from a “hold” rating to a “buy” rating in a research note on Thursday, June 27th. Morgan Stanley lifted their target price on Tractor Supply from $112.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday. ValuEngine downgraded Tractor Supply from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Wedbush reiterated an “outperform” rating and issued a $115.00 target price on shares of Tractor Supply in a research note on Thursday, May 16th. Finally, Northcoast Research downgraded Tractor Supply from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. Tractor Supply presently has an average rating of “Hold” and a consensus price target of $107.82.

In related news, SVP Chad Michael Frazell sold 17,857 shares of Tractor Supply stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $110.04, for a total transaction of $1,964,984.28. Following the completion of the transaction, the senior vice president now directly owns 31,004 shares of the company’s stock, valued at $3,411,680.16. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Steve K. Barbarick sold 36,108 shares of Tractor Supply stock in a transaction on Monday, June 17th. The stock was sold at an average price of $104.10, for a total value of $3,758,842.80. Following the transaction, the chief operating officer now directly owns 60,258 shares of the company’s stock, valued at $6,272,857.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 64,933 shares of company stock worth $6,865,486. Company insiders own 1.50% of the company’s stock.

Shares of Tractor Supply stock traded down $0.41 during trading on Thursday, reaching $100.91. The company’s stock had a trading volume of 10,289 shares, compared to its average volume of 1,309,021. The company has a quick ratio of 0.16, a current ratio of 1.52 and a debt-to-equity ratio of 1.57. Tractor Supply has a 12-month low of $78.67 and a 12-month high of $114.25. The company has a market capitalization of $12.07 billion, a P/E ratio of 23.38, a price-to-earnings-growth ratio of 1.90 and a beta of 1.10. The business has a 50 day moving average price of $108.21 and a 200-day moving average price of $101.84.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $1.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.81 by ($0.01). Tractor Supply had a net margin of 6.71% and a return on equity of 36.12%. The business had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter last year, the firm earned $1.69 earnings per share. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. Research analysts predict that Tractor Supply will post 4.74 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 26th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.39%. Tractor Supply’s dividend payout ratio (DPR) is presently 32.48%.

Tractor Supply Company Profile

Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.

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

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