Public Employees Retirement Association of Colorado decreased its holdings in Tractor Supply (NASDAQ:TSCO) by 3.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 175,341 shares of the specialty retailer’s stock after selling 6,317 shares during the period. Public Employees Retirement Association of Colorado owned about 0.15% of Tractor Supply worth $19,077,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the business. Geneva Partners LLC purchased a new position in Tractor Supply during the second quarter valued at $716,000. Municipal Employees Retirement System of Michigan lifted its position in Tractor Supply by 492.7% during the second quarter. Municipal Employees Retirement System of Michigan now owns 9,720 shares of the specialty retailer’s stock valued at $1,058,000 after purchasing an additional 8,080 shares in the last quarter. Aperio Group LLC lifted its position in Tractor Supply by 0.3% during the second quarter. Aperio Group LLC now owns 130,727 shares of the specialty retailer’s stock valued at $14,223,000 after purchasing an additional 338 shares in the last quarter. KBC Group NV lifted its position in Tractor Supply by 32.8% during the second quarter. KBC Group NV now owns 91,435 shares of the specialty retailer’s stock valued at $9,949,000 after purchasing an additional 22,562 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in Tractor Supply by 125.6% during the second quarter. BNP Paribas Arbitrage SA now owns 109,060 shares of the specialty retailer’s stock valued at $11,866,000 after purchasing an additional 60,714 shares in the last quarter. 81.77% of the stock is owned by institutional investors and hedge funds.
In other news, COO Steve K. Barbarick sold 36,108 shares of Tractor Supply stock in a transaction dated 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 sale, the chief operating officer now directly owns 60,258 shares of the company’s stock, valued at $6,272,857.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John P. Ordus sold 10,968 shares of Tractor Supply stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of $104.09, for a total value of $1,141,659.12. Following the completion of the sale, the senior vice president now directly owns 21,000 shares in the company, valued at $2,185,890. The disclosure for this sale can be found here. Insiders sold 64,933 shares of company stock worth $6,865,486 over the last 90 days. Company insiders own 1.50% of the company’s stock.
Shares of Tractor Supply stock traded down $3.43 during trading hours on Wednesday, hitting $100.81. The company’s stock had a trading volume of 21,176 shares, compared to its average volume of 1,323,256. The stock has a 50 day moving average price of $109.51. Tractor Supply has a 12-month low of $78.67 and a 12-month high of $114.25. The firm has a market cap of $12.22 billion, a P/E ratio of 23.39, a PEG ratio of 2.02 and a beta of 1.10. The company has a current ratio of 1.52, a quick ratio of 0.16 and a debt-to-equity ratio of 1.57.
Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $1.80 EPS for the quarter, missing the Thomson Reuters’ 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 in the previous year, the firm earned $1.69 earnings per share. Tractor Supply’s revenue was up 6.3% on a year-over-year basis. As a group, analysts predict that Tractor Supply will post 4.74 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th will be given a $0.35 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $1.40 annualized dividend and a dividend yield of 1.39%. Tractor Supply’s payout ratio is 32.48%.
Several equities analysts recently weighed in on the company. Wedbush reiterated an “outperform” rating and set a $115.00 target price on shares of Tractor Supply in a research report on Thursday, May 16th. ValuEngine downgraded Tractor Supply from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Morgan Stanley set a $112.00 target price on Tractor Supply and gave the company a “hold” rating in a research report on Friday, July 26th. BidaskClub upgraded Tractor Supply from a “hold” rating to a “buy” rating in a research report on Thursday, June 27th. Finally, Northcoast Research downgraded Tractor Supply from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company. Tractor Supply has a consensus rating of “Hold” and a consensus target price of $107.65.
About Tractor Supply
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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