Investor Insights

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.

Consensus
Cautious
Valuation
Fair Value
Similar
Lowe's, LOW-N
BUY ON WEAKNESS
Tractor Supply

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%.

merchandising / lodging
DON'T BUY
Tractor Supply

Doesn't like the retailers.

merchandising / lodging
PAST TOP PICK
Tractor Supply
(A Top Pick Oct 28/22, Down 8%)

He sold it. They enjoy good traffic, but aren't see big-ticket purchases by consumers. This is economically sensitive.

merchandising / lodging
PARTIAL BUY
Tractor Supply

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.

merchandising / lodging
PAST TOP PICK
Tractor Supply

(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.

merchandising / lodging
TOP PICK
Tractor Supply
2,000 stores across 49 states. Hardware, tools, pet and livestock supplies, truck supplies, landscaping and gardening. Core customer earns an above-average income. 4-5% same-store sales growth through thick and thin. Yield is 1.77%. (Analysts’ price target is $226.73)
merchandising / lodging
TOP PICK
Tractor Supply
Believes demand for tractors will continue to grow. Large demand for agriculture products not going away. Business expanding for years. "Must have" products for farmers.
merchandising / lodging
PAST TOP PICK
Tractor Supply
(A Top Pick Jul 28/21, Up 5%) A huge retailer in the US midwest, selling outdoor goods like tools and lawn furniture. Growing and expanding well. Solid margins. Not exactly recession-proof, but should do well in a downturn. Also, they have few competitors.
merchandising / lodging
BUY
Tractor Supply
Don't fear a shutdown, but a slowdown due to the new Omicron variant. The only stock around that benefits from the migration out of cities to farms. Reported a good quarter. TSCO is still unknown by snobby money managers, so it's a good opportunity to enter this.
merchandising / lodging
BUY
Tractor Supply
The hybrid work model is here to stay. A Covid stock because people migrating out of cities to the country during the pandemic. He's long liked this. This means more business for TSCO.
merchandising / lodging
TOP PICK
Tractor Supply
Well-known in the US midwest, where it's the go-to name. 14B in revenue, 20B market cap. Sell tractors and stuff for livestock. Spectacular job of growing their business in double digits, lots of free cash. Acquisition in the works will add more stores. A gem. Foresees double digit revenue and earnings growth. Gobbling up competition. Not much impact from the AMZNs of the world. Yield is 1.12%. (Analysts’ price target is $196.32)
merchandising / lodging
BUY
Tractor Supply
Last Thursday, they reported a huge top and bottom line beat (39% same-store sales growth vs. the street's 23%), and raised its full-year forecast. Stock is up 87% YTD, because many people have moved to the country. The 26x PE could look pricey, but not if they continue these sales surprises.
merchandising / lodging
DON'T BUY
Tractor Supply
It sank on earnings recently. A surprise, considering its peers are doing well. The stock also faces headwinds with the end of gardening season. That said, it's a great company, but txpect this to fall a little lower.
merchandising / lodging
COMMENT
Tractor Supply

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.

merchandising / lodging
PAST TOP PICK
Tractor Supply

(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.

merchandising / lodging
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Tractor Supply(TSCO-Q) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 4

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 5

Stockchase rating for Tractor Supply is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Tractor Supply(TSCO-Q) Frequently Asked Questions

What is Tractor Supply stock symbol?

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

Is Tractor Supply a buy or a sell?

In the last year, 5 stock analysts published opinions about TSCO-Q. 4 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.

Is Tractor Supply a good investment or a top pick?

Tractor Supply was recommended as a Top Pick by on . Read the latest stock experts ratings for Tractor Supply.

Why is Tractor Supply stock dropping?

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.

Is Tractor Supply worth watching?

5 stock analysts on Stockchase covered Tractor Supply In the last year. It is a trending stock that is worth watching.

What is Tractor Supply stock price?

On 2024-04-12, Tractor Supply (TSCO-Q) stock closed at a price of $245.02.