Teacher Retirement System of Texas Has $3.95 Million Stock Position in Tractor Supply Company $TSCO

Teacher Retirement System of Texas reduced its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 23.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 69,471 shares of the specialty retailer’s stock after selling 21,007 shares during the period. Teacher Retirement System of Texas’ holdings in Tractor Supply were worth $3,951,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Delos Wealth Advisors LLC bought a new position in Tractor Supply in the second quarter valued at about $26,000. Financial Gravity Companies Inc. acquired a new stake in shares of Tractor Supply in the 2nd quarter valued at approximately $38,000. Clayton Financial Group LLC bought a new stake in shares of Tractor Supply during the 3rd quarter valued at approximately $44,000. First Horizon Corp bought a new stake in shares of Tractor Supply during the 3rd quarter valued at approximately $44,000. Finally, Evelyn Partners Asset Management Ltd acquired a new position in Tractor Supply during the 2nd quarter worth approximately $46,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TSCO shares. Wells Fargo & Company restated an “overweight” rating and issued a $65.00 target price on shares of Tractor Supply in a research report on Thursday, October 23rd. Guggenheim reiterated a “buy” rating and issued a $65.00 price target on shares of Tractor Supply in a research note on Thursday, January 22nd. Evercore ISI raised Tractor Supply from a “hold” rating to an “outperform” rating and raised their price objective for the company from $60.00 to $65.00 in a report on Wednesday, November 5th. Gordon Haskett lowered Tractor Supply from an “accumulate” rating to a “hold” rating and reduced their price objective for the stock from $57.00 to $50.00 in a research report on Thursday, January 8th. Finally, Morgan Stanley raised Tractor Supply from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $50.00 to $60.00 in a report on Friday, October 24th. Fourteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $62.81.

Tractor Supply Stock Up 0.3%

Shares of NASDAQ:TSCO opened at $55.73 on Wednesday. The firm has a market cap of $29.45 billion, a P/E ratio of 26.79, a P/E/G ratio of 2.60 and a beta of 0.74. The company has a quick ratio of 0.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.69. Tractor Supply Company has a 12-month low of $46.85 and a 12-month high of $63.99. The business has a fifty day simple moving average of $52.32 and a 200 day simple moving average of $55.77.

Tractor Supply Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Monday, November 24th. Tractor Supply’s dividend payout ratio (DPR) is 44.23%.

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.