Federated Hermes Inc. Acquires 119,483 Shares of Tractor Supply Company $TSCO

Federated Hermes Inc. lifted its holdings in Tractor Supply Company (NASDAQ:TSCO) by 13.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,004,174 shares of the specialty retailer’s stock after acquiring an additional 119,483 shares during the period. Federated Hermes Inc. owned 0.19% of Tractor Supply worth $52,990,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. APG Asset Management N.V. boosted its position in shares of Tractor Supply by 33.3% during 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 last quarter. Ameriprise Financial Inc. lifted its stake in Tractor Supply by 19.4% in the 1st quarter. Ameriprise Financial Inc. now owns 2,064,224 shares of the specialty retailer’s stock worth $113,745,000 after purchasing an additional 335,563 shares in the last quarter. Bahl & Gaynor Inc. boosted its holdings in shares of Tractor Supply by 31.0% during the 1st quarter. Bahl & Gaynor Inc. now owns 177,636 shares of the specialty retailer’s stock valued at $9,788,000 after purchasing an additional 41,989 shares during the last quarter. Royal Bank of Canada grew its position in shares of Tractor Supply by 2.9% during the first quarter. Royal Bank of Canada now owns 1,855,836 shares of the specialty retailer’s stock valued at $102,256,000 after purchasing an additional 53,035 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Tractor Supply by 6.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 130,035 shares of the specialty retailer’s stock worth $6,862,000 after purchasing an additional 7,871 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Performance

NASDAQ:TSCO opened at $53.34 on Tuesday. The firm has a market capitalization of $28.18 billion, a PE ratio of 25.64, a PEG ratio of 2.79 and a beta of 0.72. The stock’s fifty day moving average is $54.59 and its 200 day moving average is $55.89. Tractor Supply Company has a fifty-two week low of $46.85 and a fifty-two week high of $63.99. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.14 and a current ratio of 1.30.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. Tractor Supply had a net margin of 7.18% and a return on equity of 46.18%. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period in the previous year, the firm earned $0.45 earnings per share. Tractor Supply’s quarterly 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. On average, sell-side analysts anticipate that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently commented on TSCO. Robert W. Baird increased their price target on Tractor Supply from $65.00 to $67.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Wolfe Research began coverage on Tractor Supply in a report on Thursday, September 18th. They set an “outperform” rating and a $70.00 price objective on the stock. Jefferies Financial Group upgraded Tractor Supply from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. Telsey Advisory Group reissued an “outperform” rating and issued a $70.00 target price on shares of Tractor Supply in a report on Thursday, October 23rd. Finally, Evercore ISI raised shares of Tractor Supply from a “hold” rating to an “outperform” rating and upped their price target for the company from $60.00 to $65.00 in a research note on Wednesday, November 5th. Sixteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.95.

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.