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

Tractor Supply Company (NASDAQ:TSCO) saw some unusual options trading on Tuesday. Stock investors purchased 17,595 call options on the stock. This represents an increase of approximately 101% compared to the typical daily volume of 8,757 call options.

Analyst Ratings Changes

Several brokerages recently weighed in on TSCO. The Goldman Sachs Group dropped their price objective on Tractor Supply from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Monday, June 22nd. UBS Group set a $33.00 target price on Tractor Supply and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Guggenheim reissued a “buy” rating and issued a $50.00 target price (down from $60.00) on shares of Tractor Supply in a report on Friday, June 5th. DA Davidson decreased their price target on shares of Tractor Supply from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, June 22nd. Finally, Barclays set a $35.00 price objective on shares of Tractor Supply and gave the stock an “equal weight” rating in a research report on Monday, July 13th. Thirteen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $40.88.

Hedge Funds Weigh In On Tractor Supply

Several large investors have recently modified their holdings of the business. Norges Bank bought a new stake in shares of Tractor Supply in the fourth quarter worth $303,862,000. Select Equity Group L.P. raised its position in Tractor Supply by 41.9% during the 2nd quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer’s stock worth $670,887,000 after purchasing an additional 3,753,414 shares during the last quarter. Invesco Ltd. raised its position in Tractor Supply by 18.4% during the 4th quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer’s stock worth $871,855,000 after purchasing an additional 2,706,819 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Tractor Supply by 37.1% during the 4th quarter. Franklin Resources Inc. now owns 7,705,579 shares of the specialty retailer’s stock worth $385,356,000 after buying an additional 2,086,472 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Tractor Supply by 46.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,046,977 shares of the specialty retailer’s stock worth $252,400,000 after buying an additional 1,595,803 shares during the period. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $29.64 on Wednesday. The firm has a market capitalization of $15.54 billion, a price-to-earnings ratio of 14.53, a PEG ratio of 6.57 and a beta of 0.46. The company has a current ratio of 1.38, a quick ratio of 0.16 and a debt-to-equity ratio of 0.86. The business’s 50-day moving average price is $30.64 and its 200-day moving average price is $41.60. Tractor Supply has a 12 month low of $28.36 and a 12 month high of $63.99.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.04). Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The firm had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same period in the prior year, the company earned $0.34 EPS. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. Equities research analysts forecast that Tractor Supply will post 2.08 EPS for the current year.

Tractor Supply Announces Dividend

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

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.