Stock Traders Purchase High Volume of Tractor Supply Call Options (NASDAQ:TSCO)

Tractor Supply Company (NASDAQ:TSCO) was the target of unusually large options trading activity on Tuesday. Stock traders bought 17,595 call options on the company. This is an increase of approximately 101% compared to the typical volume of 8,757 call options.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TSCO. Argus decreased their price target on shares of Tractor Supply from $64.00 to $50.00 and set a “buy” rating on the stock in a report on Monday, April 27th. Jefferies Financial Group reiterated a “buy” rating and issued a $51.00 target price on shares of Tractor Supply in a research report on Tuesday, April 21st. Mizuho set a $32.00 target price on Tractor Supply and gave the company a “neutral” rating in a research note on Thursday, July 9th. Loop Capital lowered their price target on Tractor Supply from $41.00 to $35.00 and set a “hold” rating on the stock in a research report on Tuesday, June 16th. Finally, Stephens dropped their price target on Tractor Supply from $53.00 to $43.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 22nd. Thirteen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Tractor Supply presently has a consensus rating of “Hold” and an average price target of $40.88.

Tractor Supply Price Performance

Shares of TSCO stock traded down $0.62 during trading hours on Tuesday, hitting $29.68. 2,523,415 shares of the company’s stock were exchanged, compared to its average volume of 9,614,064. The company has a market capitalization of $15.57 billion, a PE ratio of 14.54, a PEG ratio of 2.35 and a beta of 0.46. Tractor Supply has a 12-month low of $28.36 and a 12-month high of $63.99. The business’s 50 day simple moving average is $30.66 and its 200-day simple moving average is $41.74. The company has a current ratio of 1.38, a quick ratio of 0.16 and a debt-to-equity ratio of 0.86.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The business had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same period last year, the company posted $0.34 EPS. Tractor Supply’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, equities research analysts anticipate that Tractor Supply will post 2.08 earnings per share for the current year.

Tractor Supply Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th were paid a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.96 annualized dividend and a yield of 3.2%. Tractor Supply’s payout ratio is currently 47.06%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TSCO. JPL Wealth Management LLC purchased a new stake in Tractor Supply during the 3rd quarter valued at about $28,000. Garner Asset Management Corp purchased a new stake in shares of Tractor Supply during the fourth quarter valued at approximately $25,000. Reflection Asset Management purchased a new stake in shares of Tractor Supply during the fourth quarter valued at approximately $26,000. Core Wealth Advisors LLC bought a new position in shares of Tractor Supply in the fourth quarter worth approximately $27,000. Finally, Aventura Private Wealth LLC purchased a new position in shares of Tractor Supply in the fourth quarter worth $27,000. 98.72% of the stock is owned by institutional investors.

Tractor Supply Company 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.