Illinois Municipal Retirement Fund Sells 19,102 Shares of Tractor Supply (NASDAQ:TSCO)

Illinois Municipal Retirement Fund decreased its position in shares of Tractor Supply (NASDAQ:TSCO) by 23.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,003 shares of the specialty retailer’s stock after selling 19,102 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.06% of Tractor Supply worth $13,548,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. WCM Investment Management LLC purchased a new stake in shares of Tractor Supply during the fourth quarter valued at $782,000. LPL Financial LLC boosted its stake in shares of Tractor Supply by 4.6% during the third quarter. LPL Financial LLC now owns 113,873 shares of the specialty retailer’s stock valued at $23,122,000 after purchasing an additional 5,014 shares during the period. Impax Asset Management Group plc boosted its stake in shares of Tractor Supply by 2,120.1% during the fourth quarter. Impax Asset Management Group plc now owns 121,817 shares of the specialty retailer’s stock valued at $26,194,000 after purchasing an additional 116,330 shares during the period. Simon Quick Advisors LLC boosted its stake in shares of Tractor Supply by 21.1% during the third quarter. Simon Quick Advisors LLC now owns 1,551 shares of the specialty retailer’s stock valued at $315,000 after purchasing an additional 270 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in shares of Tractor Supply by 32,987.5% during the fourth quarter. International Assets Investment Management LLC now owns 270,325 shares of the specialty retailer’s stock valued at $58,128,000 after purchasing an additional 269,508 shares during the period. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Performance

NASDAQ:TSCO traded up $3.56 during midday trading on Tuesday, hitting $256.94. The company’s stock had a trading volume of 359,511 shares, compared to its average volume of 1,141,990. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $268.02. The firm’s 50 day moving average is $250.24 and its 200-day moving average is $225.24. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.50 and a quick ratio of 0.28. The firm has a market cap of $27.73 billion, a P/E ratio of 25.11, a P/E/G ratio of 3.80 and a beta of 0.84.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.06. Tractor Supply had a net margin of 7.61% and a return on equity of 53.60%. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter last year, the company earned $2.43 EPS. The business’s revenue was down 8.6% on a year-over-year basis. Equities analysts anticipate that Tractor Supply will post 10.2 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were given a dividend of $1.10 per share. This is a positive change from Tractor Supply’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.71%. Tractor Supply’s dividend payout ratio (DPR) is 43.61%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TSCO shares. Barclays upped their price objective on shares of Tractor Supply from $192.00 to $234.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 17th. Mizuho assumed coverage on shares of Tractor Supply in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $245.00 price objective for the company. Raymond James lowered shares of Tractor Supply from a “strong-buy” rating to an “outperform” rating and increased their price target for the company from $230.00 to $250.00 in a research report on Friday, February 2nd. Stephens lowered shares of Tractor Supply from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $226.00 to $240.00 in a research report on Tuesday, January 23rd. Finally, Morgan Stanley reissued an “underweight” rating and set a $195.00 price target on shares of Tractor Supply in a research report on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $241.65.

Insider Activity

In other news, CFO Kurt D. Barton sold 401 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total transaction of $93,056.06. Following the transaction, the chief financial officer now owns 25,013 shares in the company, valued at approximately $5,804,516.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Tractor Supply news, CFO Kurt D. Barton sold 401 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total value of $93,056.06. Following the transaction, the chief financial officer now owns 25,013 shares in the company, valued at approximately $5,804,516.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert D. Mills sold 48,334 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $232.23, for a total value of $11,224,604.82. Following the completion of the transaction, the executive vice president now owns 22,167 shares in the company, valued at approximately $5,147,842.41. The disclosure for this sale can be found here. Insiders have sold 90,090 shares of company stock worth $21,201,877 in the last quarter. Corporate insiders own 0.58% of the company’s stock.

About Tractor Supply

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.