Monthly Stock Report: Tractor Supply Company (TSCO)
Publication Date: September 22, 2024
Company Overview
Tractor Supply Company (TSCO), based in Brentwood, Tennessee, is a leading rural lifestyle retailer in the United States. Established in 1938, TSCO operates within the Specialty Retail industry of the Consumer Cyclical sector, providing an extensive array of products that cater primarily to recreational farmers, ranchers, and pet owners. Their offerings include livestock and equine feed, pet supplies, seasonal and recreational items, hardware, and apparel, with well-known brands like 4health and Paws & Claws. Currently, the company boasts a total revenue of approximately $14.71 billion, positioning it as a compelling investment choice for those focused on agricultural and pet care markets. Analyst sentiment indicates a consensus “buy” recommendation, coupled with a target high stock price of $313, reflecting investor optimism regarding TSCO’s market opportunities and future growth.
Market Performance & Analyst Insights
Tractor Supply Company shows a stable market performance with 107,869,000 outstanding shares. Of these, 7,207,096 shares have been sold short, representing about 7.6% of the float, suggesting a moderate level of bearish sentiment among some investors while indicating that the majority of shares are held by long-term stakeholders. As of today, TSCO’s stock is priced at $274.89, above its fifty-day moving average of $268.10, indicating a bullish short-term trend. Furthermore, the stock has an impressive fifty-two-week range of $185.00 to $290.38, showcasing its potential for recovery and growth as it currently nears its yearly high.
Analysts project a cautious average target price of $273.37, which is slightly below the current trading price; however, the anticipated high target of $313 underscores significant upside potential. With a mean recommendation score of 2.4 gathered from 27 analysts, the stock appears to have favorable evaluations and strong growth outlooks. These facets contribute to its overall appeal, marking TSCO as an attractive investment opportunity within the specialty retail sector.
Conclusion
In summary, Tractor Supply Company’s strengths in the rural lifestyle retail sector, combined with robust revenue figures and positive analyst outlooks, make it a noteworthy stock to consider. The current market performance indicates an upward trend, bolstered by investor confidence and strong brand loyalty. Investors are encouraged to keep a close watch on upcoming earnings reports and market conditions as they assess the potential for continued growth with TSCO in their portfolios.
| Metric | Value |
|---|---|
| Market Cap | $29.7b |
| Total Debt | $5.1b |
| Total Cash | $394.7m |
| Shares Outstanding | 107.9m |
| Float Shares | 107.5m |
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