J. Safra Sarasin Holding AG Has $361,000 Stock Position in Tractor Supply Company $TSCO

J. Safra Sarasin Holding AG lowered its stake in Tractor Supply Company (NASDAQ:TSCO) by 77.6% during the fourth quarter, HoldingsChannel reports. The firm owned 7,209 shares of the specialty retailer’s stock after selling 24,917 shares during the period. J. Safra Sarasin Holding AG’s holdings in Tractor Supply were worth $361,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mn Services Vermogensbeheer B.V. lifted its stake in Tractor Supply by 1.4% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 203,896 shares of the specialty retailer’s stock valued at $10,197,000 after buying an additional 2,891 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Tractor Supply in the fourth quarter worth approximately $230,000. Klein Pavlis & Peasley Financial Inc. increased its position in shares of Tractor Supply by 54.4% in the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 39,807 shares of the specialty retailer’s stock worth $1,991,000 after acquiring an additional 14,032 shares in the last quarter. Peak Financial Advisors LLC acquired a new stake in shares of Tractor Supply during the fourth quarter valued at approximately $567,000. Finally, Tilia Fiduciary Partners Inc. lifted its position in shares of Tractor Supply by 3.5% in the 4th quarter. Tilia Fiduciary Partners Inc. now owns 51,534 shares of the specialty retailer’s stock valued at $2,577,000 after acquiring an additional 1,763 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Telsey Advisory Group decreased their price objective on shares of Tractor Supply from $70.00 to $63.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th. Piper Sandler cut their target price on shares of Tractor Supply from $67.00 to $59.00 and set an “overweight” rating on the stock in a research note on Friday, January 30th. Morgan Stanley reduced their target price on Tractor Supply from $60.00 to $57.00 and set an “equal weight” rating for the company in a report on Friday, January 30th. Wall Street Zen cut Tractor Supply from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Tractor Supply in a report on Monday, December 29th. Fifteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Tractor Supply currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.78.

Tractor Supply Stock Performance

Shares of TSCO opened at $43.82 on Friday. The company’s 50 day moving average price is $50.72 and its 200 day moving average price is $52.81. Tractor Supply Company has a 52 week low of $43.35 and a 52 week high of $63.99. The company has a market capitalization of $23.05 billion, a PE ratio of 21.17, a PEG ratio of 2.22 and a beta of 0.75. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.16 and a current ratio of 1.34.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, January 29th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.03). The company had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $4.03 billion. Tractor Supply had a return on equity of 44.36% and a net margin of 7.06%.The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.44 EPS. Research analysts expect that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th were issued a dividend of $0.24 per share. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Tuesday, February 24th. Tractor Supply’s dividend payout ratio is 46.38%.

Insider Activity

In related news, EVP Colin Yankee sold 11,170 shares of Tractor Supply stock in a transaction on Friday, February 13th. The stock was sold at an average price of $55.35, for a total transaction of $618,259.50. Following the completion of the sale, the executive vice president owned 45,515 shares of the company’s stock, valued at approximately $2,519,255.25. This trade represents a 19.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jonathan S. Estep sold 59,745 shares of the business’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $54.03, for a total value of $3,228,022.35. Following the completion of the transaction, the executive vice president owned 80,931 shares in the company, valued at $4,372,701.93. This trade represents a 42.47% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 222,348 shares of company stock valued at $11,959,621. 0.65% of the stock is currently owned by company insiders.

Tractor Supply Profile

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.