PNC Financial Services Group Inc. Trims Stock Holdings in Tractor Supply Company $TSCO

PNC Financial Services Group Inc. lowered its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 216,678 shares of the specialty retailer’s stock after selling 3,502 shares during the period. PNC Financial Services Group Inc.’s holdings in Tractor Supply were worth $11,434,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TSCO. GPS Wealth Strategies Group LLC raised its stake in shares of Tractor Supply by 1.0% during 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 boosted its stake in Tractor Supply by 1.3% in the 2nd quarter. Bennett Selby Investments LP now owns 14,932 shares of the specialty retailer’s stock worth $788,000 after purchasing an additional 191 shares during the period. Hancock Whitney Corp grew its holdings in Tractor Supply by 2.0% during the 1st quarter. Hancock Whitney Corp now owns 9,849 shares of the specialty retailer’s stock valued at $543,000 after buying an additional 194 shares in the last quarter. Mount Vernon Associates Inc. MD grew its holdings in Tractor Supply by 0.3% during the 2nd quarter. Mount Vernon Associates Inc. MD now owns 67,570 shares of the specialty retailer’s stock valued at $3,566,000 after buying an additional 200 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its position in shares of Tractor Supply by 0.3% during 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 buying an additional 208 shares during the period. 98.72% of the stock is owned by institutional investors.

Tractor Supply Stock Performance

NASDAQ TSCO opened at $55.42 on Friday. Tractor Supply Company has a 52-week low of $46.85 and a 52-week high of $63.99. The company has a fifty day moving average of $56.18 and a 200-day moving average of $55.60. The company has a market capitalization of $29.28 billion, a P/E ratio of 26.64, a P/E/G ratio of 2.99 and a beta of 0.70. 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 results on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Tractor Supply had a return on equity of 46.18% and a net margin of 7.18%.The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter last year, the business posted $0.45 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. As a group, equities research analysts predict that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Monday, November 24th will be given a $0.23 dividend. The ex-dividend date is Monday, November 24th. This represents a $0.92 dividend on an annualized basis and a yield of 1.7%. Tractor Supply’s payout ratio is presently 44.23%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TSCO. Weiss Ratings restated a “buy (b)” rating on shares of Tractor Supply in a research report on Wednesday, October 8th. Robert W. Baird raised their price target on shares of Tractor Supply from $65.00 to $67.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Wolfe Research assumed coverage on shares of Tractor Supply in a research report on Thursday, September 18th. They set an “outperform” rating and a $70.00 price target for the company. Citigroup upped their price target on shares of Tractor Supply from $62.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Finally, Loop Capital lifted their price objective on Tractor Supply from $48.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, July 25th. Fifteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Tractor Supply currently has an average rating of “Moderate Buy” and an average price target of $63.95.

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.