Tractor Supply Company $TSCO Holdings Cut by Huntington National Bank

Huntington National Bank decreased its stake in Tractor Supply Company (NASDAQ:TSCO) by 4.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,748 shares of the specialty retailer’s stock after selling 1,384 shares during the quarter. Huntington National Bank’s holdings in Tractor Supply were worth $1,411,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. APG Asset Management N.V. grew its stake in Tractor Supply by 33.3% in the 1st quarter. APG Asset Management N.V. now owns 475,484 shares of the specialty retailer’s stock valued at $24,254,000 after buying an additional 118,884 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Tractor Supply by 19.4% in the 1st quarter. Ameriprise Financial Inc. now owns 2,064,224 shares of the specialty retailer’s stock valued at $113,745,000 after buying an additional 335,563 shares during the last quarter. Bahl & Gaynor Inc. grew its stake in Tractor Supply by 31.0% in the 1st quarter. Bahl & Gaynor Inc. now owns 177,636 shares of the specialty retailer’s stock valued at $9,788,000 after buying an additional 41,989 shares during the last quarter. Royal Bank of Canada grew its stake in Tractor Supply by 2.9% in the 1st quarter. Royal Bank of Canada now owns 1,855,836 shares of the specialty retailer’s stock valued at $102,256,000 after buying an additional 53,035 shares during the last quarter. Finally, Marks Group Wealth Management Inc grew its position in Tractor Supply by 4.1% in the 1st quarter. Marks Group Wealth Management Inc now owns 154,650 shares of the specialty retailer’s stock worth $8,521,000 after purchasing an additional 6,092 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Raymond James Financial restated an “outperform” rating and issued a $65.00 price target (up from $57.00) on shares of Tractor Supply in a research report on Friday, July 25th. Citigroup raised their price target on shares of Tractor Supply from $62.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. JPMorgan Chase & Co. raised their price target on shares of Tractor Supply from $56.00 to $65.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. Wall Street Zen upgraded shares of Tractor Supply from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, Robert W. Baird raised their price target on shares of Tractor Supply from $65.00 to $67.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Fifteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $63.95.

Tractor Supply Price Performance

NASDAQ:TSCO opened at $53.92 on Thursday. The company has a 50-day moving average of $57.03 and a 200-day moving average of $55.33. The company has a market capitalization of $28.57 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 2.86 and a beta of 0.70. Tractor Supply Company has a 52 week low of $46.85 and a 52 week high of $63.99. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.14 and a current ratio of 1.30.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.72 billion. Tractor Supply had a net margin of 7.18% and a return on equity of 46.18%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the firm earned $0.45 EPS. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. As a group, equities research analysts anticipate that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

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.