Tractor Supply Company Announces Quarterly Dividend of $0.27 (NASDAQ:TSCO)
Tractor Supply Company (NASDAQ:TSCO) announced a quarterly dividend on Tuesday, August 8th, RTT News reports. Investors 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 yield of 1.97%. The ex-dividend date of this dividend is Thursday, August 17th.
Shares of Tractor Supply (TSCO) traded down 0.40% during trading on Friday, hitting $54.70. 3,048,336 shares of the stock were exchanged. The company has a market cap of $6.93 billion, a price-to-earnings ratio of 16.53 and a beta of 1.32. Tractor Supply has a one year low of $49.87 and a one year high of $86.25. The stock’s 50 day moving average price is $53.58 and its 200-day moving average price is $61.77.
Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $1.25 EPS for the quarter, missing the Zacks’ 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 firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the prior year, the company posted $1.16 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, analysts predict that Tractor Supply will post $3.25 EPS for the current year.
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Several research analysts have recently issued reports on TSCO shares. BMO Capital Markets set a $57.00 target price on shares of Tractor Supply and gave the company a “hold” rating in a report on Tuesday, July 11th. Deutsche Bank AG restated a “hold” rating and issued a $54.00 target price (down previously from $69.00) on shares of Tractor Supply in a report on Thursday, July 27th. Telsey Advisory Group lowered their target price on shares of Tractor Supply from $83.00 to $62.00 and set an “outperform” rating for the company in a report on Thursday, July 6th. Credit Suisse Group set a $54.00 target price on shares of Tractor Supply and gave the company a “hold” rating in a report on Thursday, July 27th. Finally, Zacks Investment Research upgraded shares of Tractor Supply from a “sell” rating to a “hold” rating in a research note on Thursday, April 27th. Nineteen analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus 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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