Tractor Supply Target of Unusually High Options Trading (TSCO)

Share on StockTwits

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.

A number of hedge funds have recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. boosted its stake in shares of Tractor Supply by 59.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 20,891 shares of the specialty retailer’s stock worth $1,743,000 after buying an additional 7,823 shares during the last quarter. Wedge Capital Management L L P NC bought a new stake in shares of Tractor Supply in the 4th quarter worth approximately $32,421,000. WESPAC Advisors LLC bought a new stake in shares of Tractor Supply in the 4th quarter worth approximately $320,000. KBC Group NV raised its holdings in shares of Tractor Supply by 2.5% in the 4th quarter. KBC Group NV now owns 24,960 shares of the specialty retailer’s stock worth $2,083,000 after purchasing an additional 617 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its holdings in shares of Tractor Supply by 31.2% in the 4th quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 19,517 shares of the specialty retailer’s stock worth $1,638,000 after purchasing an additional 4,643 shares during the period. Institutional investors and hedge funds own 81.80% of the company’s stock.

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.

TRADEMARK VIOLATION WARNING: This piece of content was first published by Ticker Report and is the sole property of of Ticker Report. If you are reading this piece of content on another site, it was stolen and reposted in violation of US & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/4116567/tractor-supply-target-of-unusually-high-options-trading-tsco.html.

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.

Featured Article: How does a reverse stock split work?

Receive News & Ratings for Tractor Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

doc.com Token Price Hits $0.0099 on Exchanges
doc.com Token Price Hits $0.0099 on Exchanges
NavCoin  Price Hits $0.19 on Top Exchanges
NavCoin Price Hits $0.19 on Top Exchanges
Oceaneering International  Shares Up 6.7%
Oceaneering International Shares Up 6.7%
Insys Therapeutics  Stock Price Up 6%
Insys Therapeutics Stock Price Up 6%
Envion  Reaches 24 Hour Trading Volume of $7,529.00
Envion Reaches 24 Hour Trading Volume of $7,529.00
Mercury  Price Hits $0.0585
Mercury Price Hits $0.0585


© 2006-2019 Ticker Report