Oregon Public Employees Retirement Fund increased its stake in Tractor Supply (NASDAQ:TSCO) by 12,298.9% during the 4th quarter, Holdings Channel reports. The firm owned 3,941,622 shares of the specialty retailer’s stock after purchasing an additional 3,909,832 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Tractor Supply were worth $47,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of TSCO. Millennium Management LLC increased its position in shares of Tractor Supply by 331.8% in the second quarter. Millennium Management LLC now owns 16,154 shares of the specialty retailer’s stock worth $1,236,000 after purchasing an additional 12,413 shares during the last quarter. First Hawaiian Bank purchased a new stake in Tractor Supply in the third quarter worth approximately $584,000. Cornerstone Wealth Management LLC boosted its stake in Tractor Supply by 5.4% in the third quarter. Cornerstone Wealth Management LLC now owns 80,411 shares of the specialty retailer’s stock worth $1,335,000 after buying an additional 4,138 shares in the last quarter. IFM Investors Pty Ltd boosted its stake in Tractor Supply by 18.9% in the third quarter. IFM Investors Pty Ltd now owns 7,008 shares of the specialty retailer’s stock worth $637,000 after buying an additional 1,112 shares in the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its stake in Tractor Supply by 28.4% in the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 14,874 shares of the specialty retailer’s stock worth $1,348,000 after buying an additional 3,288 shares in the last quarter. Institutional investors own 80.98% of the company’s stock.

Shares of TSCO stock opened at $97.07 on Wednesday. Tractor Supply has a 52 week low of $58.27 and a 52 week high of $97.65. The firm has a market capitalization of $11.91 billion, a P/E ratio of 22.52, a price-to-earnings-growth ratio of 1.70 and a beta of 1.08. The company has a quick ratio of 0.22, a current ratio of 1.91 and a debt-to-equity ratio of 0.26.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, January 31st. The specialty retailer reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.02. Tractor Supply had a return on equity of 36.86% and a net margin of 6.73%. The company had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.10 billion. Sell-side analysts anticipate that Tractor Supply will post 4.72 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 12th. Investors of record on Monday, February 25th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Friday, February 22nd. Tractor Supply’s payout ratio is 28.77%.

Several brokerages have issued reports on TSCO. Zacks Investment Research lowered Tractor Supply from a “buy” rating to a “hold” rating and set a $104.00 target price for the company. in a research note on Thursday, December 6th. BidaskClub raised Tractor Supply from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 13th. Wells Fargo & Co increased their price objective on Tractor Supply from $102.00 to $108.00 and gave the company an “outperform” rating in a research note on Thursday, February 14th. Wedbush raised Tractor Supply from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $80.00 to $100.00 in a research note on Friday, October 26th. Finally, Oppenheimer reissued a “market perform” rating and set a $100.00 price objective on shares of Tractor Supply in a research note on Monday, December 3rd. Eleven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $90.50.

In other Tractor Supply news, Director Edna Morris sold 4,174 shares of the stock in a transaction on Friday, February 15th. The stock was sold at an average price of $96.07, for a total value of $400,996.18. Following the completion of the transaction, the director now owns 1,916 shares in the company, valued at $184,070.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.60% of the company’s stock.

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Tractor Supply 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.

Read More: Institutional Investors

Want to see what other hedge funds are holding TSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tractor Supply (NASDAQ:TSCO).

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

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