Truist Financial Corp Sells 23,222 Shares of Tractor Supply Company $TSCO

Truist Financial Corp cut its position in Tractor Supply Company (NASDAQ:TSCO) by 6.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 363,165 shares of the specialty retailer’s stock after selling 23,222 shares during the period. Truist Financial Corp’s holdings in Tractor Supply were worth $18,162,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TSCO. Bison Wealth LLC raised its holdings in Tractor Supply by 356.1% in the fourth quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock worth $341,000 after purchasing an additional 5,017 shares in the last quarter. Woodline Partners LP raised its holdings in Tractor Supply by 40.7% in the first quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer’s stock worth $2,487,000 after purchasing an additional 13,051 shares in the last quarter. Intech Investment Management LLC raised its holdings in Tractor Supply by 26.9% in the first quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer’s stock worth $1,442,000 after purchasing an additional 5,542 shares in the last quarter. Sei Investments Co. raised its holdings in Tractor Supply by 1.2% in the second quarter. Sei Investments Co. now owns 316,009 shares of the specialty retailer’s stock worth $16,676,000 after purchasing an additional 3,631 shares in the last quarter. Finally, Glenview Trust co raised its holdings in Tractor Supply by 36.0% in the second quarter. Glenview Trust co now owns 19,627 shares of the specialty retailer’s stock worth $1,036,000 after purchasing an additional 5,194 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TSCO. Wells Fargo & Company reduced their target price on shares of Tractor Supply from $55.00 to $47.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Bank of America initiated coverage on shares of Tractor Supply in a research note on Tuesday, April 7th. They set a “neutral” rating and a $47.00 price objective on the stock. UBS Group dropped their price objective on shares of Tractor Supply from $55.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 22nd. The Goldman Sachs Group dropped their price objective on shares of Tractor Supply from $59.00 to $55.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. Finally, Citigroup dropped their price objective on shares of Tractor Supply from $55.00 to $46.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Fourteen analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, Tractor Supply presently has a consensus rating of “Moderate Buy” and an average target price of $47.38.

Tractor Supply Price Performance

Shares of NASDAQ TSCO opened at $32.53 on Thursday. The stock has a market capitalization of $17.11 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 1.88 and a beta of 0.51. Tractor Supply Company has a 12 month low of $31.98 and a 12 month high of $63.99. The firm’s 50 day simple moving average is $44.97 and its 200-day simple moving average is $50.31. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.38 and a quick ratio of 0.16.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The firm had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.64 billion. Tractor Supply had a return on equity of 42.58% and a net margin of 6.91%.Tractor Supply’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 EPS. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Analysts expect that Tractor Supply Company will post 2.14 EPS for the current year.

Tractor Supply Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th were given a dividend of $0.24 per share. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.23. The ex-dividend date was Tuesday, February 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.0%. Tractor Supply’s payout ratio is 47.06%.

Insiders Place Their Bets

In other news, EVP Robert D. Mills sold 62,950 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $54.12, for a total transaction of $3,406,854.00. Following the transaction, the executive vice president owned 122,834 shares in the company, valued at $6,647,776.08. This trade represents a 33.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jonathan S. Estep sold 59,745 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $54.03, for a total value of $3,228,022.35. Following the transaction, the executive vice president owned 80,931 shares in the company, valued at $4,372,701.93. This trade represents a 42.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 137,678 shares of company stock worth $7,458,564. Corporate insiders own 0.64% of the company’s stock.

Tractor Supply Company Profile

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.