Tractor Supply (NASDAQ:TSCO) Declares Quarterly Dividend of $1.10

Tractor Supply (NASDAQ:TSCO - Get Free Report) declared a quarterly dividend on Thursday, May 9th, RTT News reports. Stockholders of record on Tuesday, May 28th will be given a dividend of 1.10 per share by the specialty retailer on Tuesday, June 11th. This represents a $4.40 annualized dividend and a dividend yield of 1.63%.

Tractor Supply has increased its dividend by an average of 40.1% per year over the last three years and has raised its dividend annually for the last 15 consecutive years. Tractor Supply has a payout ratio of 38.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Tractor Supply to earn $11.34 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 38.8%.

Tractor Supply Stock Up 1.1 %

Shares of NASDAQ:TSCO traded up $3.05 during midday trading on Thursday, reaching $269.70. The company had a trading volume of 610,271 shares, compared to its average volume of 1,151,836. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $279.38. The stock has a market cap of $29.11 billion, a PE ratio of 25.96, a P/E/G ratio of 3.41 and a beta of 0.82. The business's 50 day moving average price is $257.00 and its 200 day moving average price is $230.56. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 0.83.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.13. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The firm had revenue of $3.39 billion for the quarter, compared to analysts' expectations of $3.40 billion. During the same period in the previous year, the firm posted $1.65 EPS. The business's revenue for the quarter was up 2.8% compared to the same quarter last year. Research analysts forecast that Tractor Supply will post 10.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TSCO shares. Benchmark reissued a "buy" rating and set a $256.00 target price on shares of Tractor Supply in a research report on Monday, April 22nd. Telsey Advisory Group increased their price target on Tractor Supply from $280.00 to $305.00 and gave the company an "outperform" rating in a research note on Wednesday, May 1st. UBS Group boosted their price target on Tractor Supply from $220.00 to $240.00 and gave the stock a "neutral" rating in a research note on Friday, February 2nd. Wells Fargo & Company increased their price objective on shares of Tractor Supply from $250.00 to $285.00 and gave the company an "overweight" rating in a research report on Monday, March 25th. Finally, Robert W. Baird lifted their target price on shares of Tractor Supply from $260.00 to $285.00 and gave the stock an "outperform" rating in a research note on Friday, April 26th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $253.54.

Insider Activity

In other news, SVP Matthew L. Rubin sold 725 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $238.09, for a total value of $172,615.25. Following the sale, the senior vice president now directly owns 5,710 shares in the company, valued at $1,359,493.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Tractor Supply news, SVP Matthew L. Rubin sold 725 shares of the firm's stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $238.09, for a total value of $172,615.25. Following the sale, the senior vice president now directly owns 5,710 shares in the company, valued at $1,359,493.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Robert D. Mills sold 48,334 shares of the business's stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $232.23, for a total transaction of $11,224,604.82. Following the sale, the executive vice president now owns 22,167 shares of the company's stock, valued at approximately $5,147,842.41. The disclosure for this sale can be found here. Over the last quarter, insiders sold 62,470 shares of company stock valued at $14,773,121. 0.58% of the stock is currently owned by company insiders.

Tractor Supply Company Profile

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.