What’s Tractor Supply Company Upside After Today’s Bearish Options Activity?

 What's Tractor Supply Company Upside After Today's Bearish Options Activity?

In today’s session Tractor Supply Company (TSCO) recorded an unusually high (314) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious TSCO decrease. With 314 contracts traded and 3634 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: TSCO161118P00075000 closed last at: $10 or 13.6% up. About 766,625 shares traded hands. Tractor Supply Company (NASDAQ:TSCO) has declined 27.12% since March 16, 2016 and is downtrending. It has underperformed by 32.67% the S&P500.

Tractor Supply Company (NASDAQ:TSCO) Ratings Coverage

Out of 15 analysts covering Tractor Supply (NASDAQ:TSCO), 8 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 53% are positive. $110 is the highest target while $72 is the lowest. The $92.17 average target is 37.96% above today’s ($66.81) stock price. Tractor Supply has been the topic of 25 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, September 8 by UBS. The rating was initiated by Guggenheim on Tuesday, June 14 with “Buy”. Credit Suisse downgraded the shares of TSCO in a report on Thursday, September 8 to “Neutral” rating. The stock of Tractor Supply Company (NASDAQ:TSCO) has “Buy” rating given on Tuesday, July 28 by Argus Research. The rating was maintained by Telsey Advisory Group on Wednesday, January 13 with “Outperform”. The stock of Tractor Supply Company (NASDAQ:TSCO) earned “Outperform” rating by RBC Capital Markets on Thursday, June 30. The stock of Tractor Supply Company (NASDAQ:TSCO) earned “Neutral” rating by Piper Jaffray on Thursday, September 8. The company was maintained on Thursday, April 21 by UBS. The rating was downgraded by Zacks on Thursday, August 27 to “Buy”. Credit Suisse maintained it with “Outperform” rating and $96 target price in Thursday, June 30 report.

According to Zacks Investment Research, “Tractor Supply Company is a specialty retailer which supplies the daily farming and maintenance needs of its target customers: hobby, part-time and full-time farmers and ranchers, as well as rural customers, contractors and tradesmen.”

Insitutional Activity: The institutional sentiment increased to 1.19 in Q2 2016. Its up 0.24, from 0.95 in 2016Q1. The ratio increased, as 32 funds sold all Tractor Supply Company shares owned while 177 reduced positions. 56 funds bought stakes while 192 increased positions. They now own 117.30 million shares or 2.04% less from 119.74 million shares in 2016Q1.
Private Advisor Ltd Liability Com has invested 0.04% of its portfolio in Tractor Supply Company (NASDAQ:TSCO). Sumitomo Life Ins has 17,364 shares for 0.22% of their US portfolio. Amer Comml Bank holds 0.01% of its portfolio in Tractor Supply Company (NASDAQ:TSCO) for 221 shares. First Interstate Financial Bank holds 200 shares or 0% of its portfolio. Bridgewater Assocs L P holds 0% of its portfolio in Tractor Supply Company (NASDAQ:TSCO) for 3,200 shares. Wealthtrust Axiom Limited Liability, a Pennsylvania-based fund reported 2,640 shares. Timessquare Capital Mngmt Limited Liability Com reported 819,100 shares or 0.49% of all its holdings. Thomas White Ltd has invested 0.07% of its portfolio in Tractor Supply Company (NASDAQ:TSCO). Cibc Ww Mkts Inc, a Ontario – Canada-based fund reported 32,736 shares. Ubs Asset Management Americas reported 495,329 shares or 0.05% of all its holdings. Fernwood Invest Lc holds 9,070 shares or 0.81% of its portfolio. The Switzerland-based Credit Suisse Ag has invested 0.06% in Tractor Supply Company (NASDAQ:TSCO). Guardian Life Insur Of America holds 0% of its portfolio in Tractor Supply Company (NASDAQ:TSCO) for 497 shares. Wfg Advsrs L P last reported 0.03% of its portfolio in the stock. Adage Capital Prtn Grp Ltd holds 0.05% of its portfolio in Tractor Supply Company (NASDAQ:TSCO) for 197,500 shares.

Insider Transactions: Since April 21, 2016, the stock had 0 insider buys, and 2 selling transactions for $2.90 million net activity. $511,772 worth of Tractor Supply Company (NASDAQ:TSCO) was sold by PARRISH BENJAMIN F JR. Barbarick Steve K also sold $1.09M worth of Tractor Supply Company (NASDAQ:TSCO) on Tuesday, May 31. Crudele Anthony F had sold 18,894 shares worth $1.82M on Wednesday, June 1.

Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The company has a market cap of $8.89 billion. The Firm operates in the retail sale of products that support the rural lifestyle segment. It has a 21.35 P/E ratio. The Firm focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses.

TSCO Company Profile

Tractor Supply Company, incorporated on December 2, 1982, is an operator of rural lifestyle retail stores in the United States. The Firm operates in the retail sale of products that support the rural lifestyle segment. The Firm focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. It operates over 1,490 retail stores in over 50 states under the names Tractor Supply Company, Del’s Feed & Farm Supply and HomeTown Pet. It also operates a Website under the name TractorSupply.com. The Company’s stores offer merchandise, which includes equine, livestock, pet and small animal products; hardware, truck, towing and tool products; seasonal products, including heating, lawn and garden items, power equipment, gifts and toys; work/recreational clothing and footwear, and maintenance products for agricultural and rural use.

More news for Tractor Supply Company (NASDAQ:TSCO) were recently published by: Reuters.com, which released: “BRIEF-Tractor Supply Company reports of Petsense” on September 29, 2016. Seekingalpha.com‘s article titled: “Tractor Supply Company: Unconventional Organic Food Play” and published on October 03, 2016 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment