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
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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.
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