Retirement Systems of Alabama Trims Holdings in Tractor Supply (NASDAQ:TSCO)

Retirement Systems of Alabama lowered its position in Tractor Supply (NASDAQ:TSCO) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,827 shares of the specialty retailer’s stock after selling 775 shares during the period. Retirement Systems of Alabama’s holdings in Tractor Supply were worth $5,124,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. OFI Invest Asset Management acquired a new stake in shares of Tractor Supply in the third quarter worth $25,000. Pinnacle Bancorp Inc. acquired a new stake in Tractor Supply during the 4th quarter worth about $28,000. VisionPoint Advisory Group LLC raised its stake in shares of Tractor Supply by 105.6% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 76 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Tractor Supply in the 3rd quarter valued at about $33,000. Finally, Cetera Trust Company N.A purchased a new stake in shares of Tractor Supply in the fourth quarter worth about $38,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Stock Performance

Shares of Tractor Supply stock opened at $270.21 on Monday. The firm has a market cap of $29.16 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 3.41 and a beta of 0.82. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 0.83. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $279.38. The business’s fifty day simple moving average is $255.80 and its 200-day simple moving average is $229.15.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.13. The firm had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.40 billion. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the company posted $1.65 EPS. Equities analysts forecast that Tractor Supply will post 10.3 earnings per share for the current year.

Insider Activity at Tractor Supply

In other Tractor Supply news, EVP Robert D. Mills sold 48,334 shares of Tractor Supply stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $232.23, for a total value of $11,224,604.82. Following the completion of the transaction, the executive vice president now directly owns 22,167 shares of the company’s stock, valued at approximately $5,147,842.41. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Robert D. Mills sold 48,334 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $232.23, for a total value of $11,224,604.82. Following the completion of the transaction, the executive vice president now owns 22,167 shares of the company’s stock, valued at $5,147,842.41. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Colin Yankee sold 8,675 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $250.00, for a total transaction of $2,168,750.00. Following the sale, the executive vice president now directly owns 9,673 shares in the company, valued at $2,418,250. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,090 shares of company stock worth $21,201,877. 0.58% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on TSCO. Robert W. Baird lifted their price target on Tractor Supply from $260.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Truist Financial increased their price target on shares of Tractor Supply from $277.00 to $289.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Morgan Stanley lifted their price objective on shares of Tractor Supply from $195.00 to $235.00 and gave the company an “underweight” rating in a report on Friday, April 26th. Wells Fargo & Company raised their target price on Tractor Supply from $250.00 to $285.00 and gave the company an “overweight” rating in a research report on Monday, March 25th. Finally, Stephens cut Tractor Supply from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $226.00 to $240.00 in a report on Tuesday, January 23rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $253.54.

About Tractor Supply

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.