J. Safra Sarasin Holding AG Purchases 26,346 Shares of Tractor Supply Company $TSCO

J. Safra Sarasin Holding AG raised its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 455.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 32,126 shares of the specialty retailer’s stock after purchasing an additional 26,346 shares during the period. J. Safra Sarasin Holding AG’s holdings in Tractor Supply were worth $1,827,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Bison Wealth LLC lifted its position in shares of Tractor Supply by 356.1% during the fourth quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock valued at $341,000 after buying an additional 5,017 shares during the last quarter. Woodline Partners LP raised its stake in shares of Tractor Supply by 40.7% during the 1st quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer’s stock worth $2,487,000 after acquiring an additional 13,051 shares in the last quarter. Intech Investment Management LLC lifted its position in Tractor Supply by 26.9% during the first quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer’s stock valued at $1,442,000 after acquiring an additional 5,542 shares during the last quarter. V Square Quantitative Management LLC boosted its stake in Tractor Supply by 9.0% in the second quarter. V Square Quantitative Management LLC now owns 18,715 shares of the specialty retailer’s stock valued at $988,000 after acquiring an additional 1,544 shares in the last quarter. Finally, GC Wealth Management RIA LLC acquired a new stake in Tractor Supply in the second quarter valued at approximately $308,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TSCO shares. UBS Group set a $57.00 price target on Tractor Supply and gave the stock a “neutral” rating in a research note on Friday, January 16th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tractor Supply in a report on Monday, December 29th. Mizuho raised their price objective on shares of Tractor Supply from $64.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Stephens set a $53.00 price objective on shares of Tractor Supply and gave the stock an “equal weight” rating in a research report on Thursday, January 22nd. Finally, Jefferies Financial Group upgraded Tractor Supply from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $62.81.

Tractor Supply Stock Up 0.3%

Shares of NASDAQ TSCO opened at $55.73 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 0.14 and a debt-to-equity ratio of 0.69. The company has a 50-day moving average of $52.32 and a 200 day moving average of $55.77. Tractor Supply Company has a 12-month low of $46.85 and a 12-month high of $63.99. The stock has a market cap of $29.45 billion, a PE ratio of 26.79, a P/E/G ratio of 2.60 and a beta of 0.74.

Tractor Supply Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, November 24th were given a dividend of $0.23 per share. The ex-dividend date was Monday, November 24th. This represents a $0.92 dividend on an annualized basis and a yield of 1.7%. Tractor Supply’s dividend payout ratio (DPR) is presently 44.23%.

About Tractor Supply

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.