Tractor Supply (NASDAQ:TSCO) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its position in shares of Tractor Supply (NASDAQ:TSCO) by 16.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,349 shares of the specialty retailer’s stock after selling 6,225 shares during the quarter. State of Alaska Department of Revenue’s holdings in Tractor Supply were worth $8,204,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Future Financial Wealth Managment LLC acquired a new stake in shares of Tractor Supply in the first quarter valued at approximately $26,000. Private Wealth Management Group LLC acquired a new stake in shares of Tractor Supply in the fourth quarter valued at approximately $27,000. Pinnacle Bancorp Inc. acquired a new stake in shares of Tractor Supply in the fourth quarter valued at approximately $28,000. Rise Advisors LLC increased its holdings in shares of Tractor Supply by 157.1% in the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 66 shares during the last quarter. Finally, VisionPoint Advisory Group LLC increased its holdings in shares of Tractor Supply by 105.6% in the third quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 76 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Stock Down 1.6 %

Shares of Tractor Supply stock traded down $4.38 on Wednesday, reaching $261.65. 766,338 shares of the company were exchanged, compared to its average volume of 1,156,668. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $290.38. The company has a market cap of $28.21 billion, a P/E ratio of 25.27, a price-to-earnings-growth ratio of 3.51 and a beta of 0.81. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.40 and a quick ratio of 0.19. The stock’s 50 day moving average price is $275.40 and its 200-day moving average price is $251.29.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 52.99% and a net margin of 7.66%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.65 earnings per share. As a group, equities analysts forecast that Tractor Supply will post 10.34 EPS for the current year.

Tractor Supply Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend was Friday, May 24th. Tractor Supply’s dividend payout ratio is currently 42.84%.

Analyst Upgrades and Downgrades

Several research firms recently commented on TSCO. Barclays increased their price target on Tractor Supply from $234.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. JPMorgan Chase & Co. increased their price target on Tractor Supply from $241.00 to $263.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Wedbush reiterated a “neutral” rating and issued a $235.00 price objective on shares of Tractor Supply in a research report on Tuesday, April 23rd. Wells Fargo & Company raised their target price on Tractor Supply from $250.00 to $285.00 and gave the stock an “overweight” rating in a research note on Monday, March 25th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $250.00 price target (up previously from $245.00) on shares of Tractor Supply in a research note on Friday, April 26th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $253.96.

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.