Teachers Retirement System of The State of Kentucky raised its position in Tractor Supply Company (NASDAQ:TSCO) by 1,770.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 276,800 shares of the specialty retailer’s stock after purchasing an additional 262,000 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.22% of Tractor Supply worth $17,519,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Ameriprise Financial Inc. grew its position in shares of Tractor Supply by 7,599.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,230,168 shares of the specialty retailer’s stock valued at $229,319,000 after buying an additional 4,175,224 shares during the last quarter. Janus Henderson Group PLC grew its position in Tractor Supply by 531.0% during the 2nd quarter. Janus Henderson Group PLC now owns 2,136,401 shares of the specialty retailer’s stock worth $115,813,000 after purchasing an additional 1,797,802 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in Tractor Supply by 328.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,072,446 shares of the specialty retailer’s stock worth $58,137,000 after purchasing an additional 821,979 shares during the last quarter. Permian Investment Partners LP purchased a new position in Tractor Supply during the 2nd quarter worth $38,901,000. Finally, Fiera Capital Corp grew its position in Tractor Supply by 14.9% during the 2nd quarter. Fiera Capital Corp now owns 3,700,846 shares of the specialty retailer’s stock worth $200,623,000 after purchasing an additional 480,717 shares during the last quarter. 95.57% of the stock is currently owned by institutional investors.

TSCO has been the topic of several research reports. Bank of America Corporation reissued a “buy” rating and set a $69.00 price objective on shares of Tractor Supply in a research report on Tuesday, September 5th. Robert W. Baird set a $62.00 price objective on shares of Tractor Supply and gave the stock a “buy” rating in a research report on Friday, August 25th. Morgan Stanley raised their price objective on shares of Tractor Supply from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 16th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Tractor Supply in a research report on Thursday, October 26th. Finally, Loop Capital set a $55.00 price objective on shares of Tractor Supply and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Sixteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $68.05.

Shares of Tractor Supply Company (NASDAQ:TSCO) opened at $64.29 on Friday. The company has a market cap of $8,126.53, a PE ratio of 19.20, a PEG ratio of 1.41 and a beta of 1.29. Tractor Supply Company has a twelve month low of $49.87 and a twelve month high of $78.25. The company has a current ratio of 2.00, a quick ratio of 0.17 and a debt-to-equity ratio of 0.38.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Tractor Supply had a net margin of 6.04% and a return on equity of 31.25%. Tractor Supply’s revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.67 earnings per share. research analysts predict that Tractor Supply Company will post 3.28 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Monday, November 20th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, November 17th. This represents a $1.08 dividend on an annualized basis and a yield of 1.68%. Tractor Supply’s dividend payout ratio (DPR) is 32.05%.

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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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