Tractor Supply Company (NASDAQ:TSCO) Declares Quarterly Dividend of $0.24

Tractor Supply Company (NASDAQ:TSCO) declared a quarterly dividend on Thursday, August 6th. Shareholders of record on Monday, August 24th will be given a dividend of 0.24 per share by the specialty retailer on Tuesday, September 8th. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, August 24th.

Tractor Supply has increased its dividend 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 $2.12 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 45.3%.

Tractor Supply Stock Up 2.0%

Shares of TSCO traded up $0.68 during trading hours on Thursday, reaching $34.09. The company’s stock had a trading volume of 12,528,059 shares, compared to its average volume of 9,870,312. The company has a 50 day moving average of $30.71 and a two-hundred day moving average of $40.09. The company has a quick ratio of 0.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.83. The firm has a market cap of $17.88 billion, a price-to-earnings ratio of 17.76, a P/E/G ratio of 10.77 and a beta of 0.47. Tractor Supply has a 1-year low of $28.36 and a 1-year high of $62.89.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). The company had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.58 billion. Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.81 earnings per share. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. As a group, research analysts predict that Tractor Supply will post 1.93 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on TSCO shares. Truist Financial set a $32.00 target price on Tractor Supply and gave the company a “hold” rating in a research note on Tuesday, June 16th. Daiwa Securities Group reduced their price target on Tractor Supply from $52.00 to $41.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Evercore reissued an “outperform” rating and issued a $40.00 price target on shares of Tractor Supply in a research note on Tuesday, July 7th. JPMorgan Chase & Co. dropped their price objective on Tractor Supply from $55.00 to $48.00 and set a “neutral” rating on the stock in a report on Wednesday, April 22nd. Finally, Wall Street Zen lowered shares of Tractor Supply from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Thirteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Tractor Supply has an average rating of “Hold” and a consensus price target of $39.31.

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.