Tractor Supply Declares Quarterly Dividend of $0.27 (TSCO)

Tractor Supply (NASDAQ:TSCO) announced a quarterly dividend on Thursday, February 8th, RTT News reports. Shareholders of record on Monday, February 26th will be paid a dividend of 0.27 per share by the specialty retailer on Tuesday, March 13th. This represents a $1.08 annualized dividend and a yield of 1.60%.

Tractor Supply (TSCO) traded up $0.12 during midday trading on Thursday, hitting $67.49. The stock had a trading volume of 196,770 shares, compared to its average volume of 2,168,271. Tractor Supply has a 12 month low of $49.87 and a 12 month high of $82.68. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.24 and a current ratio of 1.95. The company has a market cap of $8,447.97, a price-to-earnings ratio of 20.42, a PEG ratio of 1.24 and a beta of 1.17.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Tractor Supply had a return on equity of 30.81% and a net margin of 5.82%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the business earned $0.94 EPS. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. sell-side analysts anticipate that Tractor Supply will post 4.1 earnings per share for the current year.

In other news, Director Edna Morris sold 1,054 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $67.07, for a total transaction of $70,691.78. Following the transaction, the director now directly owns 10,949 shares of the company’s stock, valued at approximately $734,349.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Steve K. Barbarick sold 43,076 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $69.03, for a total value of $2,973,536.28. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

TSCO has been the topic of several recent research reports. Oppenheimer restated a “hold” rating on shares of Tractor Supply in a research note on Thursday, October 26th. Zacks Investment Research cut Tractor Supply from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Credit Suisse Group set a $52.00 price objective on Tractor Supply and gave the company a “hold” rating in a research report on Thursday, October 26th. Telsey Advisory Group cut Tractor Supply from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $62.00 to $83.00 in a research report on Thursday, January 25th. They noted that the move was a valuation call. Finally, BidaskClub cut Tractor Supply from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Tractor Supply presently has a consensus rating of “Hold” and a consensus target price of $72.85.

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About Tractor Supply

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.

Dividend History for Tractor Supply (NASDAQ:TSCO)

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