Tractor Supply Company (NASDAQ:TSCO) was the recipient of unusually large options trading activity on Tuesday. Investors purchased 1,064 put options on the company. This is an increase of 787% compared to the typical volume of 120 put options.
TSCO has been the subject of a number of analyst reports. BMO Capital Markets set a $57.00 price objective on shares of Tractor Supply and gave the stock a “hold” rating in a research note on Tuesday, July 11th. Deutsche Bank AG reissued a “hold” rating and issued a $54.00 price objective (down from $69.00) on shares of Tractor Supply in a research note on Thursday, July 27th. Telsey Advisory Group reduced their price objective on shares of Tractor Supply from $83.00 to $62.00 and set an “outperform” rating for the company in a research note on Thursday, July 6th. Credit Suisse Group set a $54.00 price objective on shares of Tractor Supply and gave the stock a “hold” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research raised shares of Tractor Supply from a “sell” rating to a “hold” rating in a research note on Thursday, April 27th. Nineteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $74.91.
Large investors have recently added to or reduced their stakes in the company. Commonwealth Bank of Australia raised its stake in Tractor Supply by 15.4% in the second quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock worth $128,000 after buying an additional 317 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in Tractor Supply by 3.8% in the first 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 during the last quarter. Penserra Capital Management LLC acquired a new stake in Tractor Supply during the second quarter worth about $139,000. Koch Industries Inc. acquired a new stake in Tractor Supply during the first quarter worth about $216,000. Finally, Gofen & Glossberg LLC IL raised its stake in Tractor Supply by 6.7% in the first quarter. Gofen & Glossberg LLC IL now owns 3,165 shares of the specialty retailer’s stock worth $218,000 after buying an additional 200 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.
Tractor Supply (TSCO) opened at 54.92 on Friday. The firm has a 50 day moving average of $53.54 and a 200-day moving average of $61.91. The stock has a market capitalization of $6.96 billion, a PE ratio of 16.60 and a beta of 1.32. Tractor Supply has a 52 week low of $49.87 and a 52 week high of $86.39.
Tractor Supply (NASDAQ:TSCO) last released its 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. Tractor Supply had a return on equity of 30.56% and a net margin of 6.16%. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the previous year, the company earned $1.16 EPS. Tractor Supply’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, equities analysts predict that Tractor Supply will post $3.25 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Monday, August 21st will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Thursday, August 17th. Tractor Supply’s payout ratio is 32.53%.
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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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