Tractor Supply Target of Unusually High Options Trading (TSCO)
Tractor Supply Company (NASDAQ:TSCO) saw unusually large options trading activity on Tuesday. Stock investors purchased 1,064 put options on the stock. This represents an increase of 787% compared to the average volume of 120 put options.
Tractor Supply (NASDAQ:TSCO) opened at 59.51 on Friday. The stock has a market capitalization of $7.54 billion, a price-to-earnings ratio of 17.98 and a beta of 1.32. The company has a 50 day moving average of $55.04 and a 200 day moving average of $60.78. Tractor Supply has a 12 month low of $49.87 and a 12 month high of $86.25.
Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $1.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.27 by $0.02. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.02 billion. Tractor Supply had a net margin of 6.16% and a return on equity of 30.56%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the company earned $1.16 earnings per share. On average, equities analysts predict that Tractor Supply will post $3.25 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Monday, August 21st will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Thursday, August 17th. Tractor Supply’s dividend payout ratio (DPR) is 32.53%.
A number of institutional investors have recently made changes to their positions in the stock. Commerzbank Aktiengesellschaft FI increased its position in shares of Tractor Supply by 35.3% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 6,676 shares of the specialty retailer’s stock worth $460,000 after buying an additional 1,740 shares during the period. Great West Life Assurance Co. Can increased its position in shares of Tractor Supply by 1.6% in the first quarter. Great West Life Assurance Co. Can now owns 86,312 shares of the specialty retailer’s stock worth $5,947,000 after buying an additional 1,329 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Tractor Supply by 2.4% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 21,105 shares of the specialty retailer’s stock worth $1,456,000 after buying an additional 493 shares during the period. Montrusco Bolton Investments Inc. increased its position in shares of Tractor Supply by 338.5% in the first quarter. Montrusco Bolton Investments Inc. now owns 173,000 shares of the specialty retailer’s stock worth $11,898,000 after buying an additional 133,549 shares during the period. Finally, Tocqueville Asset Management L.P. increased its position in shares of Tractor Supply by 31.6% in the first quarter. Tocqueville Asset Management L.P. now owns 20,000 shares of the specialty retailer’s stock worth $1,379,000 after buying an additional 4,800 shares during the period. 92.26% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have issued reports on TSCO. BMO Capital Markets set a $57.00 target price on shares of Tractor Supply and gave the stock a “hold” rating in a report on Tuesday, July 11th. Barclays PLC reiterated an “overweight” rating and set a $70.00 target price (down from $90.00) on shares of Tractor Supply in a report on Saturday, July 22nd. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Tractor Supply in a report on Thursday, July 27th. Telsey Advisory Group dropped their target price on shares of Tractor Supply from $83.00 to $62.00 and set an “outperform” rating on the stock in a report on Thursday, July 6th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $54.00 target price (down from $69.00) on shares of Tractor Supply in a report on Thursday, July 27th. Nineteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $74.09.
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Tractor Supply Company Profile
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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