Comerica Bank Sells 44,706 Shares of Tractor Supply Company $TSCO

Key Points

• Comerica Bank sold 44,706 shares of Tractor Supply Company, reducing its stake by 26.3% to 125,589 shares, valued at approximately $6.92 million.
• The company’s recent earnings report showed a slight beat of analyst expectations, with earnings per share of $0.81 and revenues of $4.44 billion for the quarter, reflecting a 4.5% increase year-over-year.
• Tractor Supply's stock received multiple upgrades from analysts, with price targets for the stock ranging from $61.00 to $70.00, indicating a strong positive sentiment among market analysts.

Comerica Bank decreased its holdings in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 26.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 125,589 shares of the specialty retailer's stock after selling 44,706 shares during the quarter. Comerica Bank's holdings in Tractor Supply were worth $6,920,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. APG Asset Management N.V. lifted its stake in Tractor Supply by 33.3% in the first quarter. APG Asset Management N.V. now owns 475,484 shares of the specialty retailer's stock worth $24,254,000 after acquiring an additional 118,884 shares during the period. Ameriprise Financial Inc. lifted its position in Tractor Supply by 19.4% during the first quarter. Ameriprise Financial Inc. now owns 2,064,224 shares of the specialty retailer's stock valued at $113,745,000 after buying an additional 335,563 shares during the period. Bahl & Gaynor Inc. lifted its position in Tractor Supply by 31.0% during the first quarter. Bahl & Gaynor Inc. now owns 177,636 shares of the specialty retailer's stock valued at $9,788,000 after buying an additional 41,989 shares during the period. FORA Capital LLC lifted its position in Tractor Supply by 434.1% during the fourth quarter. FORA Capital LLC now owns 35,526 shares of the specialty retailer's stock valued at $1,885,000 after buying an additional 28,875 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in Tractor Supply by 7.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 70,944 shares of the specialty retailer's stock valued at $3,911,000 after buying an additional 5,184 shares during the period. Hedge funds and other institutional investors own 98.72% of the company's stock.

Insider Buying and Selling

In related news, EVP Colin Yankee sold 6,680 shares of Tractor Supply stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $58.40, for a total value of $390,112.00. Following the completion of the sale, the executive vice president directly owned 40,142 shares in the company, valued at approximately $2,344,292.80. This trade represents a 14.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jonathan S. Estep sold 35,825 shares of Tractor Supply stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $56.00, for a total value of $2,006,200.00. Following the completion of the sale, the executive vice president owned 74,605 shares of the company's stock, valued at $4,177,880. The trade was a 32.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 204,680 shares of company stock worth $12,071,552 in the last three months. 0.65% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

TSCO has been the subject of several recent research reports. The Goldman Sachs Group reissued a "buy" rating on shares of Tractor Supply in a research report on Friday, July 25th. Wall Street Zen raised Tractor Supply from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. DA Davidson raised their price objective on Tractor Supply from $65.00 to $70.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Evercore ISI raised their price objective on Tractor Supply from $60.00 to $65.00 and gave the company an "in-line" rating in a research report on Friday, July 25th. Finally, UBS Group raised their price objective on Tractor Supply from $54.00 to $61.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Thirteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, Tractor Supply has a consensus rating of "Moderate Buy" and an average target price of $61.80.

Tractor Supply Stock Down 1.4%

Shares of NASDAQ:TSCO traded down $0.89 on Monday, hitting $61.76. 5,217,401 shares of the company traded hands, compared to its average volume of 4,047,607. Tractor Supply Company has a 52 week low of $46.85 and a 52 week high of $63.99. The company has a quick ratio of 0.16, a current ratio of 1.28 and a debt-to-equity ratio of 0.68. The stock has a 50 day simple moving average of $58.05 and a 200-day simple moving average of $54.26. The company has a market cap of $32.73 billion, a PE ratio of 30.30, a PEG ratio of 3.17 and a beta of 0.76.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.01. Tractor Supply had a return on equity of 46.83% and a net margin of 7.18%.The firm had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.40 billion. During the same period last year, the company earned $3.93 earnings per share. The company's revenue was up 4.5% on a year-over-year basis. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. As a group, research analysts expect that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 9th. Investors of record on Monday, August 25th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, August 25th. Tractor Supply's dividend payout ratio (DPR) is presently 45.10%.

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.