Tractor Supply Company $TSCO Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System decreased its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 2.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 764,652 shares of the specialty retailer’s stock after selling 17,409 shares during the quarter. California State Teachers Retirement System owned 0.15% of Tractor Supply worth $34,639,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TSCO. Norges Bank purchased a new position in Tractor Supply in the 4th quarter valued at approximately $303,862,000. Select Equity Group L.P. raised its holdings in Tractor Supply by 41.9% during the second quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer’s stock worth $670,887,000 after purchasing an additional 3,753,414 shares during the last quarter. Invesco Ltd. boosted its position in Tractor Supply by 18.4% during the fourth quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer’s stock worth $871,855,000 after purchasing an additional 2,706,819 shares in the last quarter. Franklin Resources Inc. boosted its position in Tractor Supply by 37.1% during the fourth quarter. Franklin Resources Inc. now owns 7,705,579 shares of the specialty retailer’s stock worth $385,356,000 after purchasing an additional 2,086,472 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Tractor Supply by 46.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,046,977 shares of the specialty retailer’s stock valued at $252,400,000 after purchasing an additional 1,595,803 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TSCO. Bank of America began coverage on Tractor Supply in a research report on Tuesday, April 7th. They issued a “neutral” rating and a $47.00 price target for the company. TD Cowen reiterated a “hold” rating on shares of Tractor Supply in a research report on Wednesday, July 15th. Wall Street Zen cut shares of Tractor Supply from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. The Goldman Sachs Group restated a “buy” rating and set a $38.00 target price (down from $43.00) on shares of Tractor Supply in a report on Friday, July 24th. Finally, Barclays set a $35.00 target price on shares of Tractor Supply and gave the stock an “equal weight” rating in a research report on Monday, July 13th. Thirteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $39.31.

Tractor Supply Stock Performance

NASDAQ TSCO opened at $30.77 on Friday. Tractor Supply Company has a fifty-two week low of $28.36 and a fifty-two week high of $62.89. The stock has a market cap of $16.14 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 9.83 and a beta of 0.46. The business has a fifty day moving average of $30.58 and a 200-day moving average of $40.55. The company has a quick ratio of 0.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.83.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). The company had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $4.58 billion. Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.81 earnings per share. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. As a group, analysts predict that Tractor Supply Company will post 1.93 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 9th. Shareholders of record on Wednesday, May 27th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Wednesday, May 27th. Tractor Supply’s dividend payout ratio is 50.00%.

Tractor Supply Profile

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.