This summary was created by AI, based on 5 opinions in the last 12 months.
Tractor Supply (TSCO-Q) has been a long-term hold, showing consistent growth over 25 years. However, some experts are cautious due to the slowing farm economy, high PE ratio, and forecasted growth rate. The company has faced challenges in the last quarter but continues to target a niche market with historic growth. Overall, it is seen as a reliable retail name with unpredictable short-term fluctuations but solid long-term potential.
He sold it. They enjoy good traffic, but aren't see big-ticket purchases by consumers. This is economically sensitive.
Their last quarter wasn't good, missing across the board and slashing their full-year forecast, down to 1.3-2.5% growth. Analysts then cut their targets and lowered their signals. He targets 22x 2024 PE or $246 or a 21% gain. You can buy a tranche this now. It's a reliable retail name. Short-term is unpredictable, but long term it's solid.
(A Top Pick Nov 09/22, Up 10%)
They target hobby farmers who need lawnmowers, snow blowers, livestock feed, etc. Their customers have higher than usual disposable incomes and live outside cities, so their living expenses are lower. Also, they live in remote areas away from Costcos and other shops. TSCO has 2,000 stores in the US and keep opening a hundred or so annually. They keep growing same-store sales, though the rate has been declining lately. Offers good historic growth. Continues to like this.
He liked consumer stocks a lot until several months ago. We have now gotten into a time period where he thinks the gasoline price is up 15% year-over-year, which is a tax on the consumer. We are also starting to feel the effects and hear the complaints about how much healthcare costs have gone up. This explains the underperformance of any consumer stocks. This company was recommended to him as being interesting because they were able to generate some same-store sales growth until recently. They sell to hobby farmers, and he doesn’t know how to analyse that.
(Top Pick Jun 7/16, Down, 12.78%) Largest recreation retailer to the hobby ranchers in the US. A weak second quarter was caused by weather. Same store sales were down 0.5% vs. expectations of up 3% and caused the stock to come down.
Tractor Supply is a American stock, trading under the symbol TSCO-Q on the NASDAQ (TSCO). It is usually referred to as NASDAQ:TSCO or TSCO-Q
In the last year, 4 stock analysts published opinions about TSCO-Q. 3 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Tractor Supply.
Tractor Supply was recommended as a Top Pick by on . Read the latest stock experts ratings for Tractor Supply.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
4 stock analysts on Stockchase covered Tractor Supply In the last year. It is a trending stock that is worth watching.
On 2024-10-10, Tractor Supply (TSCO-Q) stock closed at a price of $297.34.
It's been a long-term hold, doing amazing over 25 years. Don't buy it here, because the farm economy is slowing and TSCO is selling around 25x PE and the forecast growth rate is 3-4% which is a little high for a stock like this. Don't panic and sell this, but hold if you own. Buy if this falls 10-15%.