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Tractor Supply Company Message Board

  • grassocasho grassocasho Feb 14, 2014 7:19 AM Flag

    Rating and target cut today by Oppenheimer

    As I say, check back by Q end. Guidance, earnings and revs are all coming down.

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    • "TSCO targets recreational farmers and consumers inclined to the farming and ranching lifestyle, rather than commercial farmers.| We'll see just how much free cash for TSCO "recreational farmers" and RELATED COMMUNITIES have to spend after US Ag Dept cut 2014 farm incme estimates 27%. Granted they are not emphasizing the "production farming business" - but the rural economies TSCO operates in are DIRECTLY impacted. You pull $6 Billion out of the rural economy AND the RURAL LIFESTYLE (jeez, not like there's any "rural farm effected people in that group) is NOT effected (and the company operates on another planet in a parallel universe too) - nor hammered by the first sizable downturn in crop prices in years.

      Jeez, not like it shows u in company product mix:
      "Livestock and Pet - 39% of net sales
      Hardware and Seasonal 23% of net sales
      As co also says "As a seller of farming and ranching equipment and supplies, Tractor Supply Co.'s revenues are dependent upon local weather patterns, especially in the second and fourth quarter when its customers are preparing for planting and harvest."
      Dang, that "planting and harvest." just sounds too farm related doesn't it.

      Heck, "rural lifestyle" clothing is even less than I'd expected for a "lifestyle" company (and never mind this includes WORK clothes (which I'm sure you'll say is not rural related as well)
      Clothing and Footwear - 10% of net sales

      You can say the Oppenheimer analyst WAS whatever. What he IS now is saying the company has to grow into it's higher valuation. The onus is on the bulls.

      Sentiment: Strong Sell

    • Tractor Supply downgraded to Perform from Outperform at Oppenheimer
      Oppenheimer downgraded Tractor Supply citing valuation and limited upside potential to earnings estimates. The firm lowered its price target for shares to $70 from $80.

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