Tractor Supply Company $TSCO Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System reduced its position in Tractor Supply Company (NASDAQ:TSCO) by 2.2% in the 1st quarter, Holdings Channel reports. The fund owned 764,652 shares of the specialty retailer’s stock after selling 17,409 shares during the period. California State Teachers Retirement System’s holdings in Tractor Supply were worth $34,639,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Bison Wealth LLC lifted its position in Tractor Supply by 356.1% during the fourth quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock worth $341,000 after buying an additional 5,017 shares during the period. Woodline Partners LP grew its holdings in Tractor Supply by 40.7% in the 1st quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer’s stock valued at $2,487,000 after buying an additional 13,051 shares during the period. Intech Investment Management LLC grew its holdings in Tractor Supply by 26.9% in the 1st quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer’s stock valued at $1,442,000 after buying an additional 5,542 shares during the period. Sei Investments Co. grew its holdings in Tractor Supply by 1.2% in the 2nd quarter. Sei Investments Co. now owns 316,009 shares of the specialty retailer’s stock valued at $16,676,000 after buying an additional 3,631 shares during the period. Finally, Glenview Trust co increased its stake in shares of Tractor Supply by 36.0% during the 2nd quarter. Glenview Trust co now owns 19,627 shares of the specialty retailer’s stock valued at $1,036,000 after acquiring an additional 5,194 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Tractor Supply Stock Performance

Tractor Supply stock opened at $30.77 on Friday. The stock’s 50-day moving average is $30.58 and its 200-day moving average is $40.55. The company has a market cap of $16.14 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 9.83 and a beta of 0.46. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.33 and a quick ratio of 0.23. Tractor Supply Company has a 12 month low of $28.36 and a 12 month high of $62.89.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01). Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. The firm had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.58 billion. During the same period in the prior year, the firm earned $0.81 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Equities analysts anticipate that Tractor Supply Company will post 1.93 earnings per share for the current year.

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Wednesday, May 27th. Tractor Supply’s payout ratio is 50.00%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Zacks Research lowered shares of Tractor Supply from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Morgan Stanley restated a “negative” rating and issued a $35.00 target price on shares of Tractor Supply in a report on Friday, July 24th. Raymond James Financial dropped their price target on shares of Tractor Supply from $48.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, July 17th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $38.00 price target (down from $43.00) on shares of Tractor Supply in a research note on Friday, July 24th. Finally, Piper Sandler set a $31.00 price target on shares of Tractor Supply and gave the company a “neutral” rating in a report on Friday, July 24th. Thirteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Tractor Supply currently has an average rating of “Hold” and a consensus price target of $39.31.

About Tractor Supply

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.