share_log
Hi,
moomoo ID:0
Log Out
English
Back
  • English
  • 中文繁体
  • 中文简体

Sawtooth Solutions LLC Makes New $217,000 Investment in Tractor Supply (NASDAQ:TSCO)

Defense World ·  10/03 16:51

Sawtooth Solutions LLC purchased a new position in shares of Tractor Supply (NASDAQ:TSCO – Get Rating) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,120 shares of the specialty retailer's stock, valued at approximately $217,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its position in Tractor Supply by 5.8% during the 1st quarter. Fifth Third Bancorp now owns 8,435 shares of the specialty retailer's stock worth $1,968,000 after buying an additional 459 shares in the last quarter. B. Riley Wealth Management Inc. lifted its position in Tractor Supply by 12.1% during the 1st quarter. B. Riley Wealth Management Inc. now owns 2,241 shares of the specialty retailer's stock worth $523,000 after buying an additional 241 shares in the last quarter. Achmea Investment Management B.V. bought a new stake in shares of Tractor Supply in the 1st quarter valued at about $10,444,000. D.A. Davidson & CO. raised its holdings in shares of Tractor Supply by 1.3% in the 1st quarter. D.A. Davidson & CO. now owns 4,639 shares of the specialty retailer's stock valued at $1,083,000 after purchasing an additional 59 shares during the period. Finally, PFS Investments Inc. raised its holdings in shares of Tractor Supply by 8.9% in the 1st quarter. PFS Investments Inc. now owns 25,474 shares of the specialty retailer's stock valued at $5,945,000 after purchasing an additional 2,080 shares during the period. 82.86% of the stock is owned by institutional investors.

Get Tractor Supply alerts:

Tractor Supply Stock Performance

NASDAQ TSCO opened at $185.88 on Monday. The company has a current ratio of 1.44, a quick ratio of 0.33 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $20.63 billion, a price-to-earnings ratio of 20.52, a P/E/G ratio of 1.91 and a beta of 0.91. The firm's 50 day simple moving average is $192.68 and its 200 day simple moving average is $201.51. Tractor Supply has a 1 year low of $166.49 and a 1 year high of $241.54.

Tractor Supply (NASDAQ:TSCO – Get Rating) last posted its quarterly earnings results on Thursday, July 21st. The specialty retailer reported $3.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $3.53. The business had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.89 billion. Tractor Supply had a net margin of 7.76% and a return on equity of 53.29%. The firm's revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the business posted $3.19 EPS. As a group, research analysts expect that Tractor Supply will post 9.58 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 7th. Investors of record on Monday, August 22nd were given a dividend of $0.92 per share. The ex-dividend date was Friday, August 19th. This represents a $3.68 annualized dividend and a dividend yield of 1.98%. Tractor Supply's dividend payout ratio is 40.62%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TSCO. Wells Fargo & Company dropped their target price on shares of Tractor Supply to $250.00 in a report on Friday, July 22nd. The Goldman Sachs Group dropped their target price on shares of Tractor Supply from $260.00 to $207.00 and set a "buy" rating on the stock in a report on Monday, June 27th. Guggenheim dropped their target price on shares of Tractor Supply to $225.00 in a report on Friday, July 22nd. Morgan Stanley increased their price target on shares of Tractor Supply from $220.00 to $225.00 and gave the company an "equal weight" rating in a report on Thursday, August 18th. Finally, Piper Sandler set a $253.00 price target on shares of Tractor Supply in a report on Tuesday, July 19th. Six analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $240.79.

Tractor Supply Company Profile

(Get Rating)

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.

Read More

  • Get a free copy of the StockNews.com research report on Tractor Supply (TSCO)
  • Archer Daniels Midland: Dividend Hero With 49 Years Of Increases
  • Will Fully Autonomous Tractors Make Deere the Tesla of Farming?
  • Magna International is Your Auto and EV One-Stop Shop Stock
  • EV Battery Maker Freyr Set For Major Global Expansion
  • MarketBeat: Week in Review 9/26 – 9/30

Want to see what other hedge funds are holding TSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tractor Supply (NASDAQ:TSCO – Get Rating).

Receive News & Ratings for Tractor Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply and related companies with MarketBeat.com's FREE daily email newsletter.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc.
In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).
In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.
In Australia, financial products and services available through the moomoo app are provided by Futu Securities (Australia) Ltd, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our websites https://www.futuau.com and https://www.moomoo.com/au. Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd. and Futu Securities (Australia) Ltd are affiliated companies.