Tractor Supply Company (TSCO) to Issue Quarterly Dividend of $0.24 on June 9th

Tractor Supply Company (NASDAQ:TSCO) declared a quarterly dividend on Thursday, May 14th. Stockholders of record on Wednesday, May 27th will be given a dividend of 0.24 per share by the specialty retailer on Tuesday, June 9th. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Wednesday, May 27th.

Tractor Supply has increased its dividend payment by an average of 0.3%annually over the last three years and has raised its dividend every year for the last 16 years. Tractor Supply has a payout ratio of 41.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Tractor Supply to earn $2.35 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 40.9%.

Tractor Supply Stock Up 0.3%

Tractor Supply stock opened at $30.57 on Friday. The company has a 50-day simple moving average of $42.00 and a 200-day simple moving average of $49.13. The firm has a market capitalization of $16.03 billion, a P/E ratio of 14.99, a P/E/G ratio of 1.75 and a beta of 0.51. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.16 and a current ratio of 1.38. Tractor Supply has a one year low of $29.42 and a one year high of $63.99.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.04). The firm had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.64 billion. Tractor Supply had a return on equity of 42.58% and a net margin of 6.91%.The firm’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.34 EPS. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. As a group, equities analysts expect that Tractor Supply will post 2.14 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TSCO shares. Wells Fargo & Company reduced their price target on shares of Tractor Supply from $55.00 to $47.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Weiss Ratings lowered shares of Tractor Supply from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 8th. Morgan Stanley lowered their price objective on shares of Tractor Supply from $57.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 22nd. Citigroup lowered their price objective on shares of Tractor Supply from $55.00 to $46.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Finally, Raymond James Financial cut their price objective on Tractor Supply from $60.00 to $48.00 and set an “outperform” rating for the company in a report on Wednesday, April 22nd. Fourteen investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat, Tractor Supply currently has an average rating of “Moderate Buy” and a consensus target price of $47.38.

Tractor Supply Company Profile

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.