Tractor Supply (NASDAQ:TSCO) was the target of unusually large options trading on Wednesday. Investors purchased 2,910 put options on the stock. This is an increase of 1,211% compared to the typical volume of 222 put options.
TSCO stock opened at $85.40 on Friday. The stock has a market cap of $10.97 billion, a price-to-earnings ratio of 25.65, a P/E/G ratio of 1.56 and a beta of 1.23. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.99 and a quick ratio of 0.21. Tractor Supply has a 52-week low of $58.27 and a 52-week high of $97.65.
In other news, SVP Chad Michael Frazell sold 19,818 shares of Tractor Supply stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $96.65, for a total value of $1,915,409.70. Following the completion of the transaction, the senior vice president now directly owns 28,961 shares of the company’s stock, valued at approximately $2,799,080.65. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert D. Mills sold 20,278 shares of Tractor Supply stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $97.10, for a total value of $1,968,993.80. Following the completion of the transaction, the executive vice president now directly owns 31,826 shares of the company’s stock, valued at $3,090,304.60. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.
TSCO has been the subject of several research analyst reports. BidaskClub lowered Tractor Supply from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 5th. Morgan Stanley lifted their price objective on Tractor Supply from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 11th. Piper Jaffray Companies reissued an “overweight” rating and issued a $102.00 price objective (up from $90.00) on shares of Tractor Supply in a research report on Wednesday, October 17th. Telsey Advisory Group lifted their price objective on Tractor Supply from $77.00 to $85.00 and gave the stock a “market perform” rating in a research report on Friday, October 19th. Finally, JPMorgan Chase & Co. lifted their price objective on Tractor Supply from $78.00 to $92.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 24th. Twelve analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $89.38.
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Tractor Supply Company Profile
Tractor Supply Company operates rural lifestyle retail stores 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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