Tractor Supply (NASDAQ:TSCO) Announces $0.92 Quarterly Dividend

Tractor Supply (NASDAQ:TSCO – Get Rating) announced a quarterly dividend on Wednesday, May 11th, RTT News reports. Shareholders of record on Wednesday, May 25th will be given a dividend of 0.92 per share by the specialty retailer on Wednesday, June 8th. This represents a $3.68 dividend on an annualized basis and a yield of 1.86%.

Tractor Supply has raised its dividend payment by an average of 20.1% per year over the last three years and has raised its dividend every year for the last 14 years. Tractor Supply has a dividend payout ratio of 35.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Tractor Supply to earn $10.35 per share next year, which means the company should continue to be able to cover its $3.68 annual dividend with an expected future payout ratio of 35.6%.

TSCO stock traded down $0.57 during mid-day trading on Wednesday, reaching $197.50. The company’s stock had a trading volume of 20,072 shares, compared to its average volume of 1,073,927. The stock has a market cap of $22.15 billion, a PE ratio of 22.71, a P/E/G ratio of 2.18 and a beta of 1.03. The company has a current ratio of 1.44, a quick ratio of 0.27 and a debt-to-equity ratio of 0.57. Tractor Supply has a fifty-two week low of $170.82 and a fifty-two week high of $241.54. The company’s 50 day moving average is $222.34 and its two-hundred day moving average is $221.84.

Tractor Supply (NASDAQ:TSCO – Get Rating) last released its quarterly earnings data on Thursday, April 21st. The specialty retailer reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.25. The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.92 billion. Tractor Supply had a net margin of 7.74% and a return on equity of 51.48%. Tractor Supply’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.55 EPS. On average, analysts forecast that Tractor Supply will post 9.49 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on TSCO. Gordon Haskett downgraded shares of Tractor Supply from a “buy” rating to an “accumulate” rating in a report on Friday, May 6th. Morgan Stanley cut their price target on shares of Tractor Supply from $235.00 to $220.00 and set an “equal weight” rating for the company in a report on Monday, April 25th. Zacks Investment Research upgraded shares of Tractor Supply from a “hold” rating to a “buy” rating and set a $235.00 price target for the company in a report on Wednesday, January 19th. Trust Financial began coverage on shares of Tractor Supply in a report on Thursday, January 13th. They set a “buy” rating and a $270.00 price target for the company. Finally, Raymond James raised their price target on shares of Tractor Supply from $245.00 to $255.00 and gave the stock a “strong-buy” rating in a report on Friday, April 22nd. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from, Tractor Supply presently has a consensus rating of “Buy” and an average price target of $241.05.

In other Tractor Supply news, CEO Harry A. Lawton III sold 20,049 shares of the firm’s stock in a transaction that occurred on Thursday, February 10th. The shares were sold at an average price of $222.35, for a total value of $4,457,895.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.23% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in TSCO. Zullo Investment Group Inc. purchased a new stake in shares of Tractor Supply during the 4th quarter worth $26,000. NEXT Financial Group Inc lifted its position in shares of Tractor Supply by 47.7% during the 4th quarter. NEXT Financial Group Inc now owns 814 shares of the specialty retailer’s stock worth $194,000 after purchasing an additional 263 during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Tractor Supply in the fourth quarter valued at $212,000. Forum Financial Management LP purchased a new stake in Tractor Supply in the fourth quarter valued at $221,000. Finally, Colony Group LLC lifted its position in Tractor Supply by 13.4% in the fourth quarter. Colony Group LLC now owns 3,005 shares of the specialty retailer’s stock valued at $717,000 after acquiring an additional 356 shares during the last quarter. 83.17% of the stock is owned by institutional investors and hedge funds.

About Tractor Supply (Get Rating)

Tractor Supply Company operates as a rural lifestyle retailer 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.

See Also

Dividend History for Tractor Supply (NASDAQ:TSCO)

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