New York State Common Retirement Fund Decreases Holdings in Tractor Supply (NASDAQ:TSCO)

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

Other large investors have also added to or reduced their stakes in the company. LRI Investments LLC bought a new stake in Tractor Supply in the 1st quarter worth approximately $28,000. J.Safra Asset Management Corp grew its position in shares of Tractor Supply by 700.0% during the 1st quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer's stock valued at $29,000 after acquiring an additional 98 shares during the period. Future Financial Wealth Managment LLC bought a new stake in shares of Tractor Supply during the 3rd quarter valued at $29,000. Whittier Trust Co. grew its position in shares of Tractor Supply by 60.9% during the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer's stock valued at $30,000 after acquiring an additional 42 shares during the period. Finally, OFI Invest Asset Management bought a new stake in shares of Tractor Supply during the 2nd quarter valued at $33,000. Institutional investors own 98.72% of the company's stock.

Tractor Supply Price Performance

Shares of NASDAQ TSCO traded up $3.79 during mid-day trading on Monday, hitting $270.36. 984,210 shares of the company's stock traded hands, compared to its average volume of 1,052,538. The company's 50-day moving average is $282.42 and its two-hundred day moving average is $274.10. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17. The company has a market capitalization of $29.16 billion, a P/E ratio of 26.30, a PEG ratio of 3.33 and a beta of 0.82. Tractor Supply has a 1 year low of $193.60 and a 1 year high of $307.64.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Monday, August 26th. Tractor Supply's dividend payout ratio is 42.80%.

Insider Activity

In related news, SVP Matthew L. Rubin sold 540 shares of the company's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the transaction, the senior vice president now directly owns 5,170 shares in the company, valued at approximately $1,356,349.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, SVP Matthew L. Rubin sold 540 shares of the company's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the transaction, the senior vice president now directly owns 5,170 shares in the company, valued at approximately $1,356,349.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kurt D. Barton sold 23,532 shares of the company's stock in a transaction dated 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 $2,862,682.12. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company's stock.

Wall Street Analyst Weigh In

TSCO has been the subject of a number of recent research reports. Raymond James boosted their price objective on shares of Tractor Supply from $285.00 to $290.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. UBS Group boosted their price objective on shares of Tractor Supply from $272.00 to $280.00 and gave the company a "neutral" rating in a research report on Friday, October 25th. Evercore ISI downgraded shares of Tractor Supply from an "outperform" rating to an "in-line" rating and set a $300.00 price objective for the company. in a research report on Thursday, October 3rd. Truist Financial dropped their target price on shares of Tractor Supply from $325.00 to $317.00 and set a "buy" rating for the company in a report on Friday, October 25th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $270.00 target price on shares of Tractor Supply in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $282.82.

Tractor Supply Company 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.