Tractor Supply (TSCO) To Go Ex-Dividend on August 26th

Tractor Supply (NASDAQ:TSCO) announced a quarterly dividend on Wednesday, August 7th, RTT News reports. Stockholders of record on Monday, August 26th will be given a dividend of 1.10 per share by the specialty retailer on Tuesday, September 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Monday, August 26th.

Tractor Supply has raised its dividend payment by an average of 40.1% annually over the last three years and has increased its dividend every year for the last 15 years. Tractor Supply has a payout ratio of 39.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Tractor Supply to earn $11.13 per share next year, which means the company should continue to be able to cover its $4.40 annual dividend with an expected future payout ratio of 39.5%.

Tractor Supply Trading Up 1.5 %

TSCO stock opened at $269.18 on Friday. The company has a market cap of $29.02 billion, a P/E ratio of 26.21, a PEG ratio of 3.31 and a beta of 0.81. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $290.38. The company has a quick ratio of 0.25, a current ratio of 1.43 and a debt-to-equity ratio of 0.76. The business has a fifty day moving average of $266.89 and a 200-day moving average of $261.75.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, hitting analysts’ consensus estimates of $3.93. The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.28 billion. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.83 earnings per share. As a group, equities research analysts expect that Tractor Supply will post 10.23 EPS for the current year.

Insider Activity at Tractor Supply

In related news, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the transaction, the senior vice president now directly owns 5,170 shares of the company’s stock, valued at $1,356,349.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TSCO shares. Evercore ISI dropped their target price on Tractor Supply from $290.00 to $280.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Truist Financial upped their price objective on Tractor Supply from $289.00 to $293.00 and gave the company a “buy” rating in a report on Friday, July 26th. Benchmark reiterated a “buy” rating and issued a $280.00 price objective on shares of Tractor Supply in a report on Friday, July 26th. JPMorgan Chase & Co. upped their price objective on Tractor Supply from $241.00 to $263.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Finally, Raymond James upped their price objective on Tractor Supply from $250.00 to $285.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $256.58.

About Tractor Supply

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.