Public Employees Retirement Association of Colorado Increases Position in Tractor Supply (NASDAQ:TSCO)

Public Employees Retirement Association of Colorado lifted its position in Tractor Supply (NASDAQ:TSCO) by 937.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,187 shares of the specialty retailer’s stock after acquiring an additional 90,532 shares during the period. Public Employees Retirement Association of Colorado owned 0.09% of Tractor Supply worth $21,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TSCO. Private Wealth Management Group LLC purchased a new position in shares of Tractor Supply during the 4th quarter valued at approximately $27,000. Pinnacle Bancorp Inc. acquired a new stake in shares of Tractor Supply during the 4th quarter valued at about $28,000. VisionPoint Advisory Group LLC grew its position in shares of Tractor Supply by 105.6% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 76 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Tractor Supply in the 3rd quarter valued at about $33,000. Finally, Cetera Trust Company N.A acquired a new position in Tractor Supply in the 4th quarter worth about $38,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Performance

Shares of TSCO stock traded up $0.66 during mid-day trading on Wednesday, hitting $270.37. The stock had a trading volume of 1,101,838 shares, compared to its average volume of 1,142,606. The firm has a market cap of $29.15 billion, a PE ratio of 26.33, a PEG ratio of 3.48 and a beta of 0.83. The company’s 50-day simple moving average is $266.29 and its 200-day simple moving average is $241.85. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.40 and a quick ratio of 0.19. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $287.89.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.13. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.40 billion. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.65 EPS. Sell-side analysts anticipate that Tractor Supply will post 10.34 earnings per share for the current year.

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Friday, May 24th. Tractor Supply’s dividend payout ratio (DPR) is currently 42.84%.

Analysts Set New Price Targets

A number of analysts have recently commented on TSCO shares. TD Cowen boosted their price objective on Tractor Supply from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Evercore ISI increased their target price on shares of Tractor Supply from $285.00 to $290.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. Wells Fargo & Company boosted their price target on shares of Tractor Supply from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Monday, March 25th. JPMorgan Chase & Co. increased their price objective on shares of Tractor Supply from $241.00 to $263.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Finally, Wedbush restated a “neutral” rating and set a $235.00 target price on shares of Tractor Supply in a report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $253.96.

Insiders Place Their Bets

In related news, CFO Kurt D. Barton sold 4,335 shares of Tractor Supply stock in a transaction on Friday, March 15th. The stock was sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the completion of the transaction, the chief financial officer now directly owns 20,678 shares of the company’s stock, valued at $5,314,246. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.58% of the company’s stock.

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.