Tractor Supply (NASDAQ:TSCO) Stock Holdings Lessened by Hendershot Investments Inc.

Hendershot Investments Inc. cut its stake in shares of Tractor Supply (NASDAQ:TSCO) by 27.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,001 shares of the specialty retailer’s stock after selling 13,354 shares during the period. Tractor Supply comprises approximately 1.4% of Hendershot Investments Inc.’s holdings, making the stock its 22nd largest position. Hendershot Investments Inc.’s holdings in Tractor Supply were worth $9,720,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Tractor Supply by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 12,804,873 shares of the specialty retailer’s stock valued at $2,753,432,000 after purchasing an additional 48,439 shares during the last quarter. Capital International Investors grew its stake in shares of Tractor Supply by 7.6% in the 4th quarter. Capital International Investors now owns 6,233,852 shares of the specialty retailer’s stock valued at $1,340,589,000 after buying an additional 439,954 shares in the last quarter. Capital World Investors increased its holdings in Tractor Supply by 10.0% in the fourth quarter. Capital World Investors now owns 5,849,188 shares of the specialty retailer’s stock worth $1,257,751,000 after buying an additional 531,170 shares during the last quarter. Wellington Management Group LLP raised its position in Tractor Supply by 63.2% during the fourth quarter. Wellington Management Group LLP now owns 4,606,455 shares of the specialty retailer’s stock valued at $990,526,000 after acquiring an additional 1,784,304 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Tractor Supply by 12.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock valued at $871,691,000 after acquiring an additional 368,859 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Trading Down 0.7 %

TSCO stock opened at $270.81 on Friday. The company has a current ratio of 1.43, a quick ratio of 0.25 and a debt-to-equity ratio of 0.76. The firm has a market cap of $29.21 billion, a P/E ratio of 26.37, a P/E/G ratio of 3.36 and a beta of 0.80. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $290.38. The business’s 50 day moving average is $265.30 and its 200-day moving average is $264.28.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $3.93. The company had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.28 billion. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The business’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the business earned $3.83 earnings per share. Equities analysts anticipate that Tractor Supply will post 10.23 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Monday, August 26th. Tractor Supply’s payout ratio is currently 42.84%.

Insider Buying and Selling

In related news, SVP Matthew L. Rubin sold 540 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the transaction, the senior vice president now owns 5,170 shares in the company, valued at approximately $1,356,349.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.24% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TSCO has been the topic of several analyst reports. Truist Financial increased their price target on shares of Tractor Supply from $289.00 to $293.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Wells Fargo & Company raised their target price on Tractor Supply from $285.00 to $295.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. Wedbush reiterated a “neutral” rating and set a $270.00 price target on shares of Tractor Supply in a research note on Friday, July 26th. Evercore ISI lowered their price objective on Tractor Supply from $290.00 to $280.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $305.00 target price on shares of Tractor Supply in a report on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $256.58.

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.