Public Employees Retirement System of Ohio Sells 118,009 Shares of Tractor Supply Company $TSCO

Public Employees Retirement System of Ohio trimmed its stake in Tractor Supply Company (NASDAQ:TSCO) by 42.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,054 shares of the specialty retailer’s stock after selling 118,009 shares during the period. Public Employees Retirement System of Ohio’s holdings in Tractor Supply were worth $7,115,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its stake in shares of Tractor Supply by 6.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,121,526 shares of the specialty retailer’s stock worth $156,108,000 after acquiring an additional 184,146 shares during the period. Swedbank AB raised its stake in Tractor Supply by 3.3% during the 4th quarter. Swedbank AB now owns 1,129,182 shares of the specialty retailer’s stock valued at $56,470,000 after purchasing an additional 36,495 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in Tractor Supply by 44.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 727,125 shares of the specialty retailer’s stock valued at $36,364,000 after purchasing an additional 222,750 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Tractor Supply by 4.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,103,395 shares of the specialty retailer’s stock worth $56,086,000 after purchasing an additional 46,010 shares in the last quarter. Finally, King Luther Capital Management Corp lifted its holdings in Tractor Supply by 1.6% in the 4th quarter. King Luther Capital Management Corp now owns 2,387,723 shares of the specialty retailer’s stock worth $119,410,000 after purchasing an additional 36,778 shares in the last quarter. 98.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Evercore reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Tractor Supply in a report on Tuesday, July 7th. Guggenheim set a $40.00 target price on shares of Tractor Supply and gave the stock a “buy” rating in a report on Friday. Argus set a $41.00 target price on shares of Tractor Supply in a research report on Tuesday. The Goldman Sachs Group reaffirmed a “buy” rating and set a $38.00 target price (down from $43.00) on shares of Tractor Supply in a research note on Friday. Finally, Citigroup reiterated a “buy” rating on shares of Tractor Supply in a report on Thursday, July 16th. Thirteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $39.31.

Tractor Supply Stock Performance

NASDAQ TSCO opened at $31.46 on Wednesday. The company has a market cap of $16.50 billion, a P/E ratio of 16.39, a P/E/G ratio of 10.22 and a beta of 0.46. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.23 and a current ratio of 1.33. The business’s 50 day moving average price is $30.64 and its 200-day moving average price is $40.91. Tractor Supply Company has a fifty-two week low of $28.36 and a fifty-two week high of $62.89.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The company had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.58 billion. Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.81 earnings per share. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Sell-side analysts predict that Tractor Supply Company will post 1.96 earnings per share for the current year.

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Wednesday, May 27th. Tractor Supply’s dividend payout ratio (DPR) is 50.00%.

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.