Investors Buy Large Volume of Tractor Supply Put Options (TSCO)
Tractor Supply Company (NASDAQ:TSCO) saw unusually large options trading activity on Tuesday. Stock traders purchased 1,064 put options on the stock. This is an increase of approximately 787% compared to the average daily volume of 120 put options.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cleararc Capital Inc. lifted its position in Tractor Supply by 0.9% during the 1st quarter. Cleararc Capital Inc. now owns 3,199 shares of the specialty retailer’s stock worth $221,000 after buying an additional 29 shares in the last quarter. New Amsterdam Partners LLC NY lifted its position in Tractor Supply by 0.7% during the 2nd quarter. New Amsterdam Partners LLC NY now owns 6,893 shares of the specialty retailer’s stock worth $374,000 after buying an additional 50 shares in the last quarter. Fernwood Investment Management LLC lifted its position in Tractor Supply by 0.6% during the 1st quarter. Fernwood Investment Management LLC now owns 10,840 shares of the specialty retailer’s stock worth $748,000 after buying an additional 70 shares in the last quarter. Mount Vernon Associates Inc. MD lifted its position in Tractor Supply by 0.4% during the 2nd quarter. Mount Vernon Associates Inc. MD now owns 17,380 shares of the specialty retailer’s stock worth $942,000 after buying an additional 75 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. lifted its position in Tractor Supply by 3.8% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 2,497 shares of the specialty retailer’s stock worth $172,000 after buying an additional 91 shares in the last quarter. Institutional investors and hedge funds own 91.99% of the company’s stock.
Tractor Supply (TSCO) opened at 63.29 on Friday. Tractor Supply has a 1-year low of $49.87 and a 1-year high of $78.25. The firm’s 50-day moving average is $57.82 and its 200 day moving average is $59.67. The firm has a market cap of $8.02 billion, a PE ratio of 19.13 and a beta of 1.30.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $1.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by ($0.02). The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.02 billion. Tractor Supply had a return on equity of 30.56% and a net margin of 6.16%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the company earned $1.16 EPS. On average, equities analysts forecast that Tractor Supply will post $3.25 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Monday, August 21st were given a dividend of $0.27 per share. The ex-dividend date was Thursday, August 17th. This represents a $1.08 annualized dividend and a yield of 1.71%. Tractor Supply’s dividend payout ratio (DPR) is 32.53%.
Several equities research analysts have recently issued reports on the stock. BMO Capital Markets increased their price objective on shares of Tractor Supply from $58.00 to $61.00 and gave the stock a “market perform” rating in a research report on Wednesday. Zacks Investment Research raised shares of Tractor Supply from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Credit Suisse Group restated a “hold” rating and issued a $54.00 target price on shares of Tractor Supply in a research note on Wednesday, September 13th. Bank of America Corporation restated a “buy” rating and issued a $69.00 target price on shares of Tractor Supply in a research note on Tuesday, September 5th. Finally, Robert W. Baird set a $62.00 target price on shares of Tractor Supply and gave the company a “buy” rating in a research note on Friday, August 25th. Sixteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $71.52.
About Tractor Supply
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.
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