Traders Purchase High Volume of Put Options on Tractor Supply (TSCO)
Tractor Supply Company (NASDAQ:TSCO) saw unusually large options trading on Wednesday. Stock traders bought 1,064 put options on the company. This represents an increase of 787% compared to the typical daily volume of 120 put options.
Several hedge funds have recently modified their holdings of TSCO. Ameriprise Financial Inc. grew its holdings in shares of Tractor Supply by 1.3% during the first quarter. Ameriprise Financial Inc. now owns 54,944 shares of the specialty retailer’s stock worth $3,791,000 after purchasing an additional 718 shares during the last quarter. OppenheimerFunds Inc. grew its holdings in shares of Tractor Supply by 24.4% during the first quarter. OppenheimerFunds Inc. now owns 12,005 shares of the specialty retailer’s stock worth $828,000 after purchasing an additional 2,352 shares during the last quarter. Teachers Advisors LLC grew its holdings in shares of Tractor Supply by 4.0% during the first quarter. Teachers Advisors LLC now owns 244,118 shares of the specialty retailer’s stock worth $16,837,000 after purchasing an additional 9,291 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Tractor Supply by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 485,313 shares of the specialty retailer’s stock worth $33,471,000 after purchasing an additional 14,543 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Tractor Supply during the first quarter worth about $248,000. 92.18% of the stock is currently owned by institutional investors.
A number of research analysts have commented on the company. BMO Capital Markets set a $57.00 price target on Tractor Supply and gave the stock a “hold” rating in a research note on Tuesday, July 11th. Piper Jaffray Companies restated a “hold” rating and set a $56.00 price target on shares of Tractor Supply in a research note on Friday, October 27th. Robert W. Baird set a $66.00 price target on Tractor Supply and gave the stock a “buy” rating in a research note on Thursday, October 26th. Barclays PLC restated an “overweight” rating and set a $70.00 price target (down from $90.00) on shares of Tractor Supply in a research note on Saturday, July 22nd. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Tractor Supply in a research note on Thursday, July 27th. Fourteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $68.63.
Tractor Supply (NASDAQ:TSCO) opened at $58.97 on Friday. The company has a market capitalization of $7.47 billion, a price-to-earnings ratio of 17.70, a P/E/G ratio of 1.32 and a beta of 1.28. The company has a quick ratio of 0.17, a current ratio of 2.00 and a debt-to-equity ratio of 0.38. Tractor Supply has a twelve month low of $49.87 and a twelve month high of $78.25.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.04. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.68 billion. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.67 earnings per share. equities analysts expect that Tractor Supply will post 3.28 EPS for the current fiscal year.
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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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