Tractor Supply (NASDAQ:TSCO) Plans Dividend of $0.35

Tractor Supply (NASDAQ:TSCO) declared a dividend on Wednesday, November 6th, Fidelity reports. Shareholders of record on Monday, November 25th will be given a dividend of 0.35 per share by the specialty retailer on Tuesday, December 10th. The ex-dividend date is Friday, November 22nd.

Shares of NASDAQ:TSCO traded down $0.55 during midday trading on Wednesday, reaching $95.99. 32,663 shares of the company were exchanged, compared to its average volume of 1,335,354. The company has a current ratio of 1.60, a quick ratio of 0.15 and a debt-to-equity ratio of 1.75. The business’s fifty day moving average is $94.78 and its two-hundred day moving average is $101.57. Tractor Supply has a one year low of $78.67 and a one year high of $114.25. The stock has a market cap of $11.66 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 1.89 and a beta of 1.03.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, October 24th. The specialty retailer reported $1.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.03 by ($0.01). Tractor Supply had a return on equity of 36.64% and a net margin of 6.69%. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the prior year, the company posted $0.95 EPS. Tractor Supply’s revenue was up 5.4% compared to the same quarter last year. As a group, sell-side analysts expect that Tractor Supply will post 4.71 EPS for the current year.

A number of research firms recently issued reports on TSCO. Wolfe Research began coverage on shares of Tractor Supply in a research note on Tuesday, October 8th. They set a “hold” rating and a $95.00 price target on the stock. Nomura began coverage on shares of Tractor Supply in a research note on Friday, November 8th. They set a “neutral” rating and a $100.00 price target on the stock. Raymond James began coverage on shares of Tractor Supply in a research note on Monday, October 7th. They set a “strong-buy” rating and a $115.00 price target on the stock. Telsey Advisory Group decreased their price target on shares of Tractor Supply from $113.00 to $108.00 and set a “market perform” rating on the stock in a research note on Friday, August 23rd. Finally, Guggenheim reaffirmed a “buy” rating and set a $110.00 price target (down previously from $120.00) on shares of Tractor Supply in a research note on Friday, September 20th. Twelve analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $108.19.

In related news, SVP Chad Michael Frazell sold 13,441 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $98.49, for a total value of $1,323,804.09. Company insiders own 1.50% of the company’s stock.

Tractor Supply Company Profile

Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.

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Dividend History for Tractor Supply (NASDAQ:TSCO)

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