Tractor Supply Company (TSCO) Announces Quarterly Dividend of $0.27
Tractor Supply Company (NASDAQ:TSCO) announced a quarterly dividend on Tuesday, August 8th, RTT News reports. Stockholders of record on Monday, August 21st will be given a dividend of 0.27 per share by the specialty retailer on Wednesday, September 6th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.91%.
Shares of Tractor Supply (TSCO) opened at 56.451 on Tuesday. The stock has a market capitalization of $7.24 billion, a price-to-earnings ratio of 17.060 and a beta of 1.32. The stock has a 50 day moving average of $53.36 and a 200-day moving average of $63.42. Tractor Supply has a 52-week low of $49.87 and a 52-week high of $87.57.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $1.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by $0.02. Tractor Supply had a net margin of 6.16% and a return on equity of 30.56%. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the prior year, the firm posted $1.16 earnings per share. Tractor Supply’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, equities research analysts predict that Tractor Supply will post $3.25 EPS for the current fiscal year.
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Several brokerages recently issued reports on TSCO. UBS AG reiterated a “buy” rating and issued a $75.00 price objective (down from $86.00) on shares of Tractor Supply in a research report on Friday, April 28th. Royal Bank Of Canada decreased their price objective on Tractor Supply from $72.00 to $67.00 and set a “sector perform” rating for the company in a research report on Thursday, April 27th. Oppenheimer Holdings, Inc. set a $88.00 price objective on Tractor Supply and gave the company a “buy” rating in a research report on Thursday, April 27th. CIBC lowered Tractor Supply from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 4th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and issued a $79.00 price objective (down from $80.00) on shares of Tractor Supply in a research report on Friday, April 14th. Nineteen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $74.91.
Tractor Supply Company Profile
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.
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