CENTRAL TRUST Co Sells 9,270 Shares of Tractor Supply Company $TSCO

CENTRAL TRUST Co decreased its position in Tractor Supply Company (NASDAQ:TSCO) by 8.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 94,758 shares of the specialty retailer’s stock after selling 9,270 shares during the period. CENTRAL TRUST Co’s holdings in Tractor Supply were worth $5,000,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. GPS Wealth Strategies Group LLC boosted its stake in Tractor Supply by 1.0% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 17,908 shares of the specialty retailer’s stock valued at $945,000 after purchasing an additional 175 shares during the period. Bennett Selby Investments LP increased its position in Tractor Supply by 1.3% during the 2nd quarter. Bennett Selby Investments LP now owns 14,932 shares of the specialty retailer’s stock worth $788,000 after buying an additional 191 shares during the period. Hancock Whitney Corp lifted its holdings in shares of Tractor Supply by 2.0% during the first quarter. Hancock Whitney Corp now owns 9,849 shares of the specialty retailer’s stock worth $543,000 after buying an additional 194 shares in the last quarter. Mount Vernon Associates Inc. MD boosted its position in shares of Tractor Supply by 0.3% in the second quarter. Mount Vernon Associates Inc. MD now owns 67,570 shares of the specialty retailer’s stock valued at $3,566,000 after acquiring an additional 200 shares during the period. Finally, Nissay Asset Management Corp Japan ADV boosted its position in shares of Tractor Supply by 0.3% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 66,483 shares of the specialty retailer’s stock valued at $3,663,000 after acquiring an additional 208 shares during the period. Institutional investors own 98.72% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on TSCO shares. 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. Weiss Ratings restated a “buy (b)” rating on shares of Tractor Supply in a research report on Wednesday, October 8th. Evercore ISI raised shares of Tractor Supply from a “hold” rating to an “outperform” rating and raised their target price for the stock from $60.00 to $65.00 in a report on Wednesday, November 5th. Wells Fargo & Company reiterated an “overweight” rating and issued a $65.00 price target on shares of Tractor Supply in a research note on Thursday, October 23rd. Finally, Piper Sandler increased their price target on Tractor Supply from $66.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Fifteen research 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, Tractor Supply has a consensus rating of “Moderate Buy” and an average price target of $63.95.

Tractor Supply Trading Up 0.9%

Shares of TSCO stock opened at $55.94 on Wednesday. Tractor Supply Company has a fifty-two week low of $46.85 and a fifty-two week high of $63.99. The stock’s fifty day moving average price is $56.45 and its two-hundred day moving average price is $55.50. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.14 and a current ratio of 1.30. The company has a market cap of $29.56 billion, a PE ratio of 26.89, a P/E/G ratio of 2.99 and a beta of 0.70.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results 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 analysts’ expectations of $3.72 billion. Tractor Supply had a return on equity of 46.18% and a net margin of 7.18%.Tractor Supply’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 EPS. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. Equities analysts predict that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Monday, November 24th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.6%. Tractor Supply’s dividend payout ratio is 44.23%.

Tractor Supply 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.