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

Tractor Supply (NASDAQ:TSCO) declared a quarterly dividend on Thursday, November 7th, RTT News reports. Investors of record on Monday, November 25th will be given a dividend of 1.10 per share by the specialty retailer on Tuesday, December 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.51%.

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 39.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Tractor Supply to earn $11.01 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 40.0%.

Tractor Supply Stock Performance

Shares of TSCO stock traded up $2.34 on Thursday, hitting $291.29. The company’s stock had a trading volume of 51,228 shares, compared to its average volume of 1,054,173. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48. The stock’s 50 day moving average is $282.75 and its 200-day moving average is $274.53. Tractor Supply has a fifty-two week low of $193.60 and a fifty-two week high of $307.64. The company has a market capitalization of $31.42 billion, a PE ratio of 28.11, a PEG ratio of 3.39 and a beta of 0.82.

Insider Activity

In related news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total value of $6,957,000.48. Following the completion of the sale, the chief financial officer now owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total value of $6,957,000.48. Following the completion of the sale, the chief financial officer now owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Matthew L. Rubin sold 540 shares of Tractor Supply stock in a transaction on Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the sale, the senior vice president now directly owns 5,170 shares of the company’s stock, valued at approximately $1,356,349.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on TSCO. Mizuho upped their price target on shares of Tractor Supply from $250.00 to $270.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Melius Research began coverage on shares of Tractor Supply in a research note on Monday, September 23rd. They set a “buy” rating and a $315.00 price objective on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $335.00 price objective on shares of Tractor Supply in a research note on Thursday, October 24th. Gordon Haskett downgraded shares of Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, October 24th. Finally, Wells Fargo & Company increased their price objective on shares of Tractor Supply from $295.00 to $325.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Tractor Supply currently has a consensus rating of “Hold” and a consensus price target of $282.82.

About Tractor Supply

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.