Bank of New York Mellon Corp Has $187.02 Million Holdings in Tractor Supply Company $TSCO

Bank of New York Mellon Corp lessened its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 7.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,544,122 shares of the specialty retailer’s stock after selling 299,930 shares during the period. Bank of New York Mellon Corp owned about 0.67% of Tractor Supply worth $187,023,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TSCO. Vanguard Group Inc. increased its holdings in shares of Tractor Supply by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 66,631,422 shares of the specialty retailer’s stock valued at $3,671,391,000 after purchasing an additional 2,597,450 shares during the period. Wellington Management Group LLP increased its holdings in shares of Tractor Supply by 16.0% in the 1st quarter. Wellington Management Group LLP now owns 27,604,769 shares of the specialty retailer’s stock valued at $1,521,023,000 after purchasing an additional 3,815,520 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Tractor Supply by 10.8% in the 1st quarter. Alliancebernstein L.P. now owns 24,664,907 shares of the specialty retailer’s stock valued at $1,359,036,000 after purchasing an additional 2,408,373 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Tractor Supply by 14.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,927,641 shares of the specialty retailer’s stock valued at $657,214,000 after purchasing an additional 1,510,489 shares during the period. Finally, Select Equity Group L.P. increased its holdings in shares of Tractor Supply by 16.8% in the 1st quarter. Select Equity Group L.P. now owns 8,959,995 shares of the specialty retailer’s stock valued at $493,696,000 after purchasing an additional 1,290,771 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group reiterated a “buy” rating on shares of Tractor Supply in a report on Friday, July 25th. Wolfe Research started coverage on Tractor Supply in a report on Thursday, September 18th. They issued an “outperform” rating and a $70.00 price objective on the stock. Mizuho increased their price objective on Tractor Supply from $64.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Telsey Advisory Group restated an “outperform” rating and issued a $70.00 price objective on shares of Tractor Supply in a report on Thursday, October 23rd. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $65.00 price objective on shares of Tractor Supply in a report on Thursday, October 23rd. Fifteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.95.

Tractor Supply Stock Up 1.6%

Shares of Tractor Supply stock opened at $53.92 on Thursday. The stock has a market capitalization of $28.57 billion, a P/E ratio of 25.92, a PEG ratio of 2.86 and a beta of 0.70. The company has a quick ratio of 0.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.69. The stock has a 50 day moving average price of $57.03 and a two-hundred day moving average price of $55.33. Tractor Supply Company has a 12-month low of $46.85 and a 12-month high of $63.99.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Tractor Supply had a return on equity of 46.18% and a net margin of 7.18%.The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 earnings per share. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. Equities analysts expect that Tractor Supply Company will post 2.17 earnings per share for the current year.

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.