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

Federated Hermes Inc. reduced its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 277,818 shares of the specialty retailer’s stock after selling 10,497 shares during the quarter. Federated Hermes Inc. owned 0.26% of Tractor Supply worth $59,739,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Citizens National Bank Trust Department lifted its position in shares of Tractor Supply by 0.5% during the 4th quarter. Citizens National Bank Trust Department now owns 9,700 shares of the specialty retailer’s stock worth $2,086,000 after buying an additional 45 shares during the last quarter. Allen Capital Group LLC raised its position in Tractor Supply by 0.6% in the third quarter. Allen Capital Group LLC now owns 8,869 shares of the specialty retailer’s stock valued at $1,805,000 after purchasing an additional 53 shares during the last quarter. Scotia Capital Inc. raised its position in Tractor Supply by 2.5% in the third quarter. Scotia Capital Inc. now owns 2,177 shares of the specialty retailer’s stock valued at $442,000 after purchasing an additional 54 shares during the last quarter. Taylor Frigon Capital Management LLC raised its position in Tractor Supply by 0.8% in the third quarter. Taylor Frigon Capital Management LLC now owns 6,762 shares of the specialty retailer’s stock valued at $1,373,000 after purchasing an additional 55 shares during the last quarter. Finally, Fortune Financial Advisors LLC raised its position in Tractor Supply by 1.4% in the third quarter. Fortune Financial Advisors LLC now owns 4,142 shares of the specialty retailer’s stock valued at $841,000 after purchasing an additional 56 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 401 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total value of $93,056.06. Following the completion of the sale, the chief financial officer now owns 25,013 shares of the company’s stock, valued at $5,804,516.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Kurt D. Barton sold 4,335 shares of the firm’s stock in a transaction that occurred 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 owns 20,678 shares in the company, valued at $5,314,246. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kurt D. Barton sold 401 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $232.06, for a total value of $93,056.06. Following the completion of the transaction, the chief financial officer now owns 25,013 shares in the company, valued at approximately $5,804,516.78. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,090 shares of company stock valued at $21,201,877. Company insiders own 0.24% of the company’s stock.

Tractor Supply Trading Up 2.2 %

NASDAQ TSCO opened at $252.79 on Friday. The business has a 50 day simple moving average of $249.89 and a 200 day simple moving average of $224.62. Tractor Supply has a one year low of $185.00 and a one year high of $268.02. The stock has a market capitalization of $27.28 billion, a P/E ratio of 25.05, a P/E/G ratio of 3.71 and a beta of 0.84. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.50 and a quick ratio of 0.28.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, February 1st. The specialty retailer reported $2.28 EPS for the quarter, topping the consensus estimate of $2.22 by $0.06. Tractor Supply had a return on equity of 53.60% and a net margin of 7.61%. The business had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter last year, the firm posted $2.43 earnings per share. The firm’s revenue was down 8.6% on a year-over-year basis. Research analysts expect that Tractor Supply will post 10.2 earnings per share for the current year.

Tractor Supply Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts have commented on TSCO shares. The Goldman Sachs Group increased their target price on Tractor Supply from $230.00 to $262.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Evercore ISI dropped 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 downgraded Tractor Supply from a “strong-buy” rating to an “outperform” rating and increased their target price for the company 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 company an “outperform” rating in a research report on Friday. Finally, Morgan Stanley reissued an “underweight” rating and issued a $195.00 price target on shares of Tractor Supply in a research note on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $241.65.

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.