Hilltop National Bank Invests $516,000 in Tractor Supply Company $TSCO

Key Points

• Hilltop National Bank has acquired a new stake in Tractor Supply Company, purchasing 9,770 shares valued at approximately $516,000 during the second quarter.
• Tractor Supply has received positive outlooks from analysts, with a consensus rating of "Moderate Buy" and an average price target of $62.15.
• The company reported a 4.5% year-over-year revenue increase to $4.44 billion, and its earnings per share exceeded analysts' expectations by $0.01.

Hilltop National Bank bought a new stake in Tractor Supply Company (NASDAQ:TSCO - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,770 shares of the specialty retailer's stock, valued at approximately $516,000.

Several other hedge funds also recently modified their holdings of the company. GW&K Investment Management LLC grew its holdings in shares of Tractor Supply by 89.3% during the first quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer's stock worth $26,000 after buying an additional 226 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of Tractor Supply during the second quarter worth about $35,000. Financial Gravity Asset Management Inc. purchased a new stake in shares of Tractor Supply during the first quarter worth about $39,000. Zions Bancorporation National Association UT purchased a new stake in shares of Tractor Supply during the first quarter worth about $41,000. Finally, Smallwood Wealth Investment Management LLC purchased a new stake in shares of Tractor Supply during the first quarter worth about $41,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TSCO. Weiss Ratings reiterated a "buy (b)" rating on shares of Tractor Supply in a report on Saturday, September 27th. Wall Street Zen upgraded Tractor Supply from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. JPMorgan Chase & Co. lifted their price target on Tractor Supply from $56.00 to $65.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Piper Sandler lifted their price target on Tractor Supply from $66.00 to $67.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Finally, Telsey Advisory Group set a $70.00 price target on Tractor Supply in a report on Friday, July 25th. Fourteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Tractor Supply currently has a consensus rating of "Moderate Buy" and an average target price of $62.15.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 90,000 shares of the company's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $63.96, for a total value of $5,756,400.00. Following the completion of the transaction, the chief financial officer owned 47,715 shares in the company, valued at $3,051,851.40. This represents a 65.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jonathan S. Estep sold 35,825 shares of the company's stock in a transaction that occurred on 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 transaction, the executive vice president owned 74,605 shares of the company's stock, valued at approximately $4,177,880. This represents a 32.44% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 146,500 shares of company stock worth $8,984,912. Company insiders own 0.65% of the company's stock.

Tractor Supply Stock Down 0.7%

Shares of NASDAQ:TSCO opened at $55.83 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.16 and a current ratio of 1.28. Tractor Supply Company has a 1 year low of $46.85 and a 1 year high of $63.99. The stock has a market capitalization of $29.59 billion, a P/E ratio of 27.39, a PEG ratio of 2.88 and a beta of 0.73. The stock has a 50-day simple moving average of $59.45 and a 200-day simple moving average of $54.87.

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

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Monday, August 25th were issued a dividend of $0.23 per share. The ex-dividend date was Monday, August 25th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.6%. Tractor Supply's payout ratio is presently 45.10%.

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.

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