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

Tractor Supply (NASDAQ:TSCO - Get Free Report) saw unusually large options trading on Thursday. Stock investors bought 3,363 put options on the stock. This is an increase of approximately 16% compared to the typical volume of 2,908 put options.

Institutional Investors Weigh In On Tractor Supply

A number of hedge funds have recently bought and sold shares of the business. Silvant Capital Management LLC increased its holdings in shares of Tractor Supply by 20.9% in the 3rd quarter. Silvant Capital Management LLC now owns 14,781 shares of the specialty retailer's stock worth $4,300,000 after buying an additional 2,556 shares during the last quarter. Blueshift Asset Management LLC increased its stake in Tractor Supply by 32.7% during the third quarter. Blueshift Asset Management LLC now owns 9,945 shares of the specialty retailer's stock worth $2,893,000 after acquiring an additional 2,452 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Tractor Supply during the second quarter valued at approximately $13,353,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Tractor Supply by 48.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,801 shares of the specialty retailer's stock valued at $2,851,000 after purchasing an additional 3,182 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its holdings in shares of Tractor Supply by 16.5% in the 3rd quarter. Mutual of America Capital Management LLC now owns 27,336 shares of the specialty retailer's stock worth $7,953,000 after purchasing an additional 3,863 shares during the period. Hedge funds and other institutional investors own 98.72% of the company's stock.

Tractor Supply Price Performance

TSCO stock traded down $0.54 during mid-day trading on Tuesday, hitting $54.04. The company had a trading volume of 6,171,997 shares, compared to its average volume of 5,628,818. The company has a 50-day moving average price of $55.15 and a 200 day moving average price of $55.22. Tractor Supply has a 12-month low of $45.74 and a 12-month high of $61.53. The company has a market capitalization of $28.86 billion, a price-to-earnings ratio of 26.49, a P/E/G ratio of 3.13 and a beta of 0.84. The company has a quick ratio of 0.20, a current ratio of 1.43 and a debt-to-equity ratio of 0.82.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its earnings results on Thursday, January 30th. The specialty retailer reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $2.28 by ($1.84). Tractor Supply had a return on equity of 49.01% and a net margin of 7.40%. On average, research analysts anticipate that Tractor Supply will post 2.18 earnings per share for the current year.

Tractor Supply Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Monday, November 25th. Tractor Supply's dividend payout ratio (DPR) is presently 43.14%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TSCO shares. JPMorgan Chase & Co. increased their target price on Tractor Supply from $58.00 to $59.00 and gave the company a "neutral" rating in a report on Friday. Citigroup downgraded shares of Tractor Supply from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 17th. Evercore ISI raised shares of Tractor Supply from a "hold" rating to a "strong-buy" rating in a report on Friday, November 15th. Piper Sandler increased their price target on shares of Tractor Supply from $60.00 to $66.40 and gave the stock an "overweight" rating in a research report on Monday, October 14th. Finally, Truist Financial cut their price objective on shares of Tractor Supply from $63.00 to $60.00 and set a "buy" rating for the company in a research report on Friday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $59.22.

About Tractor Supply

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.