Tractor Supply Company $TSCO Shares Sold by Bank of Montreal Can

Bank of Montreal Can reduced its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 6.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 750,927 shares of the specialty retailer’s stock after selling 50,101 shares during the period. Bank of Montreal Can’s holdings in Tractor Supply were worth $39,626,000 at the end of the most recent quarter.

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

Tractor Supply Stock Up 1.6%

Tractor Supply stock opened at $53.92 on Thursday. The company has a 50-day simple moving average of $57.03 and a 200-day simple moving average of $55.33. The firm has a market capitalization of $28.57 billion, a P/E ratio of 25.92, a P/E/G ratio of 2.86 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 Company has a one year low of $46.85 and a one year high of $63.99.

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. The Goldman Sachs Group reiterated a “buy” rating on shares of Tractor Supply in a research note on Friday, July 25th. Bank of America upgraded shares of Tractor Supply from an “underperform” rating to a “buy” rating and set a $70.00 target price for the company in a research note on Thursday, July 24th. Loop Capital boosted their target price on shares of Tractor Supply from $48.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, July 25th. Morgan Stanley upgraded shares of Tractor Supply from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $50.00 to $60.00 in a research note on Friday, October 24th. Finally, Mizuho boosted their target price on shares of Tractor Supply from $64.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Fifteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Tractor Supply currently has an average rating of “Moderate Buy” and a consensus target price of $63.95.

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.