Tractor Supply Company Sees Unusually High Options Volume (TSCO)
Tractor Supply Company (NASDAQ:TSCO) saw unusually large options trading on Wednesday. Investors purchased 4,648 put options on the company, Stock Ratings News reports. This represents an increase of approximately 813% compared to the average daily volume of 509 put options.
TSCO has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Tractor Supply Company in a research note on Wednesday, August 6th. They now have a $65.00 price target on the stock. Separately, analysts at Avondale Partners downgraded shares of Tractor Supply Company from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 6th. Finally, analysts at Feltl & Co. upgraded shares of Tractor Supply Company from a “hold” rating to a “buy” rating in a research note on Thursday, July 24th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $70.33.
Shares of Tractor Supply Company (NASDAQ:TSCO) traded down 0.40% during mid-day trading on Wednesday, hitting $66.51. 1,223,636 shares of the company’s stock traded hands. Tractor Supply Company has a 52 week low of $57.20 and a 52 week high of $78.17. The stock has a 50-day moving average of $62.20 and a 200-day moving average of $65.71. The company has a market cap of $9.157 billion and a P/E ratio of 27.38.
Tractor Supply Company (NASDAQ:TSCO) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.95 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.95. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the prior year, the company posted $1.75 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. On average, analysts predict that Tractor Supply Company will post $2.54 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 3rd. Investors of record on Monday, August 18th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, August 14th.
Tractor Supply Company is an operator of retail farm and ranch stores in the United States. It operates retail stores under the names Tractor Supply Company and Del’s Feed & Farm Supply and operates a Website under the name TractorSupply.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.