Federated Hermes Inc. Sells 10,497 Shares of Tractor Supply (NASDAQ:TSCO)

Federated Hermes Inc. decreased its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 3.6% in the fourth quarter, HoldingsChannel reports. The firm owned 277,818 shares of the specialty retailer’s stock after selling 10,497 shares during the quarter. Federated Hermes Inc.’s holdings in Tractor Supply were worth $59,739,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. OFI Invest Asset Management bought a new position in Tractor Supply during the 3rd quarter valued at approximately $25,000. Compass Wealth Management LLC bought a new position in Tractor Supply during the 4th quarter valued at approximately $25,000. Pacific Center for Financial Services bought a new position in Tractor Supply during the 1st quarter valued at approximately $26,000. Pinnacle Bancorp Inc. purchased a new position in shares of Tractor Supply during the 4th quarter worth approximately $28,000. Finally, VisionPoint Advisory Group LLC raised its position in shares of Tractor Supply by 105.6% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 76 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on TSCO shares. Evercore ISI decreased their target price on Tractor Supply from $280.00 to $275.00 and set an “outperform” rating for the company in a research report on Tuesday. Raymond James lowered Tractor Supply from a “strong-buy” rating to an “outperform” rating and increased their target price for the stock from $230.00 to $250.00 in a research report on Friday, February 2nd. Telsey Advisory Group increased their target price on Tractor Supply from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday. Benchmark reissued a “buy” rating and issued a $256.00 target price on shares of Tractor Supply in a research report on Wednesday, April 3rd. Finally, UBS Group raised their price objective on Tractor Supply from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Tractor Supply has an average rating of “Hold” and an average price target of $241.65.

Tractor Supply Stock Up 2.2 %

Tractor Supply stock opened at $252.79 on Friday. The firm has a market cap of $27.28 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 3.71 and a beta of 0.84. The stock has a fifty day simple moving average of $249.89 and a two-hundred day simple moving average of $224.62. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $268.02. The company has a current ratio of 1.50, a quick ratio of 0.28 and a debt-to-equity ratio of 0.82.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, February 1st. The specialty retailer reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.06. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.67 billion. Tractor Supply had a return on equity of 53.60% and a net margin of 7.61%. The company’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.43 EPS. Equities analysts predict that Tractor Supply will post 10.2 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were paid a $1.10 dividend. This is an increase from Tractor Supply’s previous quarterly dividend of $1.03. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Friday, February 23rd. Tractor Supply’s dividend payout ratio (DPR) is 43.61%.

Insider Transactions at Tractor Supply

In other news, CFO Kurt D. Barton sold 4,335 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $257.00, for a total value of $1,114,095.00. Following the transaction, the chief financial officer now directly owns 20,678 shares in the company, valued at approximately $5,314,246. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Kurt D. Barton sold 4,335 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $257.00, for a total value of $1,114,095.00. Following the transaction, the chief financial officer now directly owns 20,678 shares in the company, valued at approximately $5,314,246. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Robert D. Mills sold 48,334 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $232.23, for a total value of $11,224,604.82. Following the completion of the transaction, the executive vice president now owns 22,167 shares in the company, valued at $5,147,842.41. The disclosure for this sale can be found here. Insiders have sold a total of 90,090 shares of company stock worth $21,201,877 in the last ninety days. Insiders own 0.24% of the company’s stock.

Tractor Supply 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.