Kentucky Retirement Systems Has $2.19 Million Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Kentucky Retirement Systems reduced its position in shares of Tractor Supply (NASDAQ:TSCO) by 7.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,515 shares of the specialty retailer’s stock after selling 609 shares during the period. Kentucky Retirement Systems’ holdings in Tractor Supply were worth $2,186,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LRI Investments LLC acquired a new position in shares of Tractor Supply during the 1st quarter worth $28,000. Future Financial Wealth Managment LLC acquired a new stake in Tractor Supply in the third quarter valued at about $29,000. First Personal Financial Services bought a new position in Tractor Supply in the third quarter valued at about $29,000. Whittier Trust Co. raised its stake in Tractor Supply by 60.9% during the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 42 shares in the last quarter. Finally, OFI Invest Asset Management bought a new position in shares of Tractor Supply in the second quarter worth about $33,000. 98.72% of the stock is currently owned by institutional investors.

Tractor Supply Stock Performance

Shares of TSCO opened at $275.66 on Monday. Tractor Supply has a one year low of $193.73 and a one year high of $307.64. The company has a market cap of $29.45 billion, a PE ratio of 26.82, a P/E/G ratio of 3.46 and a beta of 0.82. The stock has a 50-day moving average of $284.33 and a 200-day moving average of $275.35. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17.

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Monday, November 25th. Tractor Supply’s payout ratio is 42.80%.

Insider Buying and Selling

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the transaction, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. This represents a 70.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.24% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Truist Financial decreased their price target on shares of Tractor Supply from $325.00 to $317.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Barclays raised their price objective on Tractor Supply from $240.00 to $250.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Gordon Haskett cut Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, October 24th. Wedbush reaffirmed a “neutral” rating and issued a $270.00 price objective on shares of Tractor Supply in a research note on Friday, October 25th. Finally, Raymond James lifted their target price on shares of Tractor Supply from $285.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $282.82.

Tractor Supply 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.