Tractor Supply Company (NASDAQ:TSCO) was the recipient of unusually large options trading activity on Tuesday. Stock investors acquired 1,064 put options on the stock. This represents an increase of approximately 787% compared to the average volume of 120 put options.
Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in Tractor Supply by 2,934.4% in the first quarter. BlackRock Inc. now owns 7,835,590 shares of the specialty retailer’s stock valued at $540,419,000 after buying an additional 7,577,362 shares during the period. Ameriprise Financial Inc. raised its position in Tractor Supply by 7,599.1% in the second quarter. Ameriprise Financial Inc. now owns 4,230,168 shares of the specialty retailer’s stock valued at $229,319,000 after buying an additional 4,175,224 shares during the period. Janus Henderson Group PLC raised its position in Tractor Supply by 531.0% in the second quarter. Janus Henderson Group PLC now owns 2,136,401 shares of the specialty retailer’s stock valued at $115,813,000 after buying an additional 1,797,802 shares during the period. Renaissance Technologies LLC bought a new position in Tractor Supply during the first quarter valued at approximately $102,767,000. Finally, Morgan Stanley raised its position in Tractor Supply by 214.1% in the first quarter. Morgan Stanley now owns 1,422,302 shares of the specialty retailer’s stock valued at $98,098,000 after buying an additional 969,544 shares during the period. 90.60% of the stock is owned by institutional investors.
Several equities research analysts recently issued reports on TSCO shares. Royal Bank Of Canada reduced their target price on shares of Tractor Supply from $72.00 to $67.00 and set a “sector perform” rating for the company in a report on Thursday, April 27th. Zacks Investment Research raised shares of Tractor Supply from a “sell” rating to a “hold” rating in a report on Thursday, April 27th. Oppenheimer Holdings, Inc. set a $88.00 price objective on shares of Tractor Supply and gave the company a “buy” rating in a report on Thursday, April 27th. UBS AG reaffirmed a “buy” rating and set a $75.00 price objective (down from $86.00) on shares of Tractor Supply in a report on Friday, April 28th. Finally, Wedbush cut their price objective on shares of Tractor Supply from $83.00 to $80.00 and set an “outperform” rating for the company in a report on Friday, April 28th. Nineteen analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $74.91.
Tractor Supply (NASDAQ TSCO) traded up 2.53% during mid-day trading on Thursday, hitting $54.81. The company had a trading volume of 2,142,015 shares. Tractor Supply has a 52-week low of $49.87 and a 52-week high of $86.39. The company has a market capitalization of $6.94 billion, a P/E ratio of 16.56 and a beta of 1.32. The company has a 50-day moving average price of $53.49 and a 200 day moving average price of $61.97.
Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Wednesday, July 26th. The specialty retailer reported $1.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by $0.02. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.02 billion. Tractor Supply had a net margin of 6.16% and a return on equity of 30.56%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the company posted $1.16 earnings per share. On average, analysts forecast that Tractor Supply will post $3.25 EPS for the current fiscal year.
The business 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 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Thursday, August 17th. Tractor Supply’s dividend payout ratio (DPR) is presently 32.53%.
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About Tractor Supply
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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