Tractor Supply Company $TSCO Shares Sold by State of Michigan Retirement System

State of Michigan Retirement System decreased its stake in Tractor Supply Company (NASDAQ:TSCO) by 16.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,375 shares of the specialty retailer’s stock after selling 27,860 shares during the period. State of Michigan Retirement System’s holdings in Tractor Supply were worth $6,920,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of TSCO. Aventura Private Wealth LLC purchased a new stake in shares of Tractor Supply during the fourth quarter valued at approximately $27,000. JPL Wealth Management LLC purchased a new position in shares of Tractor Supply in the third quarter valued at $28,000. Flagship Harbor Advisors LLC purchased a new position in shares of Tractor Supply in the fourth quarter valued at $35,000. First Horizon Corp acquired a new stake in Tractor Supply during the 3rd quarter valued at $44,000. Finally, Stance Capital LLC acquired a new stake in Tractor Supply during the 3rd quarter valued at $45,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Trading Down 2.3%

NASDAQ TSCO opened at $34.77 on Thursday. The company has a market capitalization of $18.29 billion, a price-to-earnings ratio of 17.04, a price-to-earnings-growth ratio of 2.04 and a beta of 0.75. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.38 and a quick ratio of 0.16. Tractor Supply Company has a 12 month low of $34.37 and a 12 month high of $63.99. The company’s fifty day moving average price is $46.14 and its two-hundred day moving average price is $50.81.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.04). The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.64 billion. Tractor Supply had a return on equity of 42.58% and a net margin of 6.91%.Tractor Supply’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.34 EPS. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. As a group, research analysts predict that Tractor Supply Company will post 2.15 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th were issued a $0.24 dividend. This is an increase from Tractor Supply’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, February 24th. Tractor Supply’s dividend payout ratio is presently 47.06%.

Insider Activity

In other Tractor Supply news, EVP Robert D. Mills sold 62,950 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $54.12, for a total transaction of $3,406,854.00. Following the transaction, the executive vice president owned 122,834 shares of the company’s stock, valued at $6,647,776.08. This trade represents a 33.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Colin Yankee sold 11,170 shares of Tractor Supply stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $55.35, for a total value of $618,259.50. Following the completion of the transaction, the executive vice president owned 45,515 shares of the company’s stock, valued at approximately $2,519,255.25. The trade was a 19.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 222,348 shares of company stock valued at $11,959,621 over the last three months. Company insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

TSCO has been the topic of a number of recent analyst reports. Daiwa Securities Group cut their price objective on shares of Tractor Supply from $52.00 to $41.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Morgan Stanley lowered their target price on Tractor Supply from $57.00 to $45.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 22nd. Jefferies Financial Group reaffirmed a “buy” rating and set a $51.00 target price on shares of Tractor Supply in a research report on Tuesday, April 21st. Wall Street Zen upgraded Tractor Supply from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, DA Davidson reduced their price target on Tractor Supply from $60.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. Fifteen investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $47.96.

Tractor Supply Profile

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.