Banco Bilbao Vizcaya Argentaria S.A. Lowers Stock Holdings in Tractor Supply Company $TSCO

Banco Bilbao Vizcaya Argentaria S.A. reduced its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 11.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,278 shares of the specialty retailer’s stock after selling 1,449 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Tractor Supply were worth $595,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TSCO. Fiera Capital Corp boosted its stake in Tractor Supply by 12.0% during the second quarter. Fiera Capital Corp now owns 133,723 shares of the specialty retailer’s stock valued at $7,057,000 after buying an additional 14,368 shares during the period. Cherokee Insurance Co purchased a new stake in Tractor Supply during the second quarter valued at about $844,000. Police & Firemen s Retirement System of New Jersey lifted its stake in Tractor Supply by 3.9% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 81,122 shares of the specialty retailer’s stock worth $4,281,000 after purchasing an additional 3,082 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Tractor Supply by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 15,367,775 shares of the specialty retailer’s stock worth $808,341,000 after acquiring an additional 316,595 shares during the last quarter. Finally, TimesSquare Capital Management LLC boosted its stake in shares of Tractor Supply by 11.2% in the 2nd quarter. TimesSquare Capital Management LLC now owns 1,360,795 shares of the specialty retailer’s stock valued at $71,809,000 after purchasing an additional 137,420 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $70.00 price objective on shares of Tractor Supply in a research report on Thursday, October 23rd. Wolfe Research assumed coverage on shares of Tractor Supply in a report on Thursday, September 18th. They set an “outperform” rating and a $70.00 price target for the company. Raymond James Financial reissued an “outperform” rating and set a $65.00 price target (up previously from $57.00) on shares of Tractor Supply in a research report on Friday, July 25th. The Goldman Sachs Group reissued a “buy” rating on shares of Tractor Supply in a report on Friday, July 25th. Finally, Bank of America raised shares of Tractor Supply from an “underperform” rating to a “buy” rating and set a $70.00 price objective for the company in a research note on Thursday, July 24th. Fifteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $63.95.

Tractor Supply Stock Performance

Tractor Supply stock opened at $53.53 on Wednesday. Tractor Supply Company has a fifty-two week low of $46.85 and a fifty-two week high of $63.99. The stock’s 50 day simple moving average is $55.94 and its two-hundred day simple moving average is $55.67. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.14 and a current ratio of 1.30. The stock has a market cap of $28.29 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 2.90 and a beta of 0.71.

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

Tractor Supply Dividend Announcement

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

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.