Tractor Supply Target of Unusually High Options Trading (NASDAQ:TSCO)

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Tractor Supply – Tractor Supply Target of Unusually High Options Trading (NASDAQ:TSCO)

Tractor Supply (NASDAQ:TSCO) saw unusually large options trading on Tuesday. Stock traders acquired 7,236 put options on the company. This is an increase of 1,619% compared to the average daily volume of 421 put options.

In related news, SVP Christi C. Korzekwa sold 8,836 shares of the firm’s stock in a transaction that occurred on Monday, May 10th. The shares were sold at an average price of $200.03, for a total transaction of $1,767,465.08. Following the sale, the senior vice president now owns 16,391 shares in the company, valued at $3,278,691.73. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Robert D. Mills sold 5,892 shares of Tractor Supply stock in a transaction that occurred on Tuesday, April 20th. The stock was sold at an average price of $185.00, for a total transaction of $1,090,020.00. Following the completion of the sale, the executive vice president now directly owns 18,188 shares of the company’s stock, valued at $3,364,780. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,314 shares of company stock valued at $3,538,610. Insiders own 0.70% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. New Mexico Educational Retirement Board raised its stake in Tractor Supply by 6.8% during the 2nd quarter. New Mexico Educational Retirement Board now owns 7,800 shares of the specialty retailer’s stock valued at $1,451,000 after acquiring an additional 500 shares in the last quarter. Hohimer Wealth Management LLC raised its stake in shares of Tractor Supply by 37.5% during the second quarter. Hohimer Wealth Management LLC now owns 16,758 shares of the specialty retailer’s stock valued at $2,957,000 after purchasing an additional 4,574 shares in the last quarter. Vigilant Capital Management LLC acquired a new stake in Tractor Supply in the second quarter worth about $54,000. Fulton Bank N.A. grew its position in Tractor Supply by 18.0% in the 2nd quarter. Fulton Bank N.A. now owns 2,049 shares of the specialty retailer’s stock valued at $381,000 after buying an additional 313 shares in the last quarter. Finally, Coldstream Capital Management Inc. increased its stake in Tractor Supply by 7.3% during the 1st quarter. Coldstream Capital Management Inc. now owns 7,526 shares of the specialty retailer’s stock valued at $1,333,000 after buying an additional 509 shares during the period. 88.31% of the stock is owned by institutional investors and hedge funds.

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A number of research analysts recently weighed in on the company. Royal Bank of Canada lifted their target price on Tractor Supply to $211.00 in a report on Friday, April 23rd. Piper Sandler upped their target price on Tractor Supply from $175.00 to $203.00 and gave the stock an “overweight” rating in a research report on Monday, April 19th. DA Davidson increased their target price on Tractor Supply from $160.00 to $190.00 and gave the company a “neutral” rating in a research note on Friday, April 23rd. Telsey Advisory Group boosted their price target on Tractor Supply from $200.00 to $205.00 and gave the stock an “outperform” rating in a research report on Monday, April 26th. Finally, Wells Fargo & Company increased their price objective on shares of Tractor Supply from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, March 29th. They noted that the move was a valuation call. Thirteen equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $184.86.

TSCO stock opened at $186.69 on Wednesday. Tractor Supply has a 1 year low of $127.78 and a 1 year high of $200.75. The company has a market capitalization of $21.52 billion, a PE ratio of 25.86, a price-to-earnings-growth ratio of 2.81 and a beta of 1.03. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.71 and a quick ratio of 0.66. The company has a fifty day moving average of $183.86.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Wednesday, April 21st. The specialty retailer reported $1.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.56. Tractor Supply had a net margin of 7.39% and a return on equity of 49.20%. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same period last year, the firm posted $0.71 EPS. Tractor Supply’s quarterly revenue was up 39.7% compared to the same quarter last year. Analysts predict that Tractor Supply will post 7.35 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 8th. Stockholders of record on Monday, May 24th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, May 21st. This represents a $2.08 annualized dividend and a dividend yield of 1.11%. Tractor Supply’s dividend payout ratio is presently 30.28%.

About Tractor Supply

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.

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Tractor Supply – Tractor Supply Target of Unusually High Options Trading (NASDAQ:TSCO)