New York State Common Retirement Fund Sells 23,709 Shares of Tractor Supply (NASDAQ:TSCO)

New York State Common Retirement Fund lowered its holdings in Tractor Supply (NASDAQ:TSCO) by 22.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,881 shares of the specialty retailer’s stock after selling 23,709 shares during the quarter. New York State Common Retirement Fund owned 0.08% of Tractor Supply worth $23,822,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Future Financial Wealth Managment LLC bought a new stake in shares of Tractor Supply in the 3rd quarter valued at approximately $29,000. LRI Investments LLC bought a new stake in Tractor Supply in the first quarter valued at $28,000. 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. J.Safra Asset Management Corp raised its stake in Tractor Supply by 700.0% during the first quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 98 shares in the last quarter. Finally, OFI Invest Asset Management bought a new position in shares of Tractor Supply during the second quarter valued at $33,000. Institutional investors own 98.72% of the company’s stock.

Insider Transactions at Tractor Supply

In other news, SVP Matthew L. Rubin sold 540 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the completion of the sale, the senior vice president now owns 5,170 shares of the company’s stock, valued at approximately $1,356,349.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Kurt D. Barton sold 23,532 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total value of $6,957,000.48. Following the sale, the chief financial officer now directly owns 9,683 shares in the company, valued at approximately $2,862,682.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Matthew L. Rubin sold 540 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $262.35, for a total transaction of $141,669.00. Following the sale, the senior vice president now directly owns 5,170 shares in the company, valued at approximately $1,356,349.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $266.57 on Monday. The company has a fifty day moving average price of $282.42 and a two-hundred day moving average price of $273.91. The stock has a market cap of $28.75 billion, a P/E ratio of 25.93, a P/E/G ratio of 3.33 and a beta of 0.82. 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 has a one year low of $191.38 and a one year high of $307.64.

Tractor Supply Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Monday, August 26th. Tractor Supply’s payout ratio is 42.80%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TSCO. Wedbush reiterated a “neutral” rating and set a $270.00 target price on shares of Tractor Supply in a research report on Friday, October 25th. Barclays lifted their target price on shares of Tractor Supply from $240.00 to $250.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Citigroup lowered Tractor Supply from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Wells Fargo & Company lifted their price objective on Tractor Supply from $295.00 to $325.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Finally, JPMorgan Chase & Co. increased their target price on Tractor Supply from $260.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently 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.