Tractor Supply Co. (TSCO)

Zacks

Tractor Supply Co.'s (NasdaqGS:TSCO - News) fourth-quarter 2011 earnings of $0.96 per share beat the Zacks Consensus Estimate of $0.92 and surged 43.3% from the prior-period earnings on the heels of strong same-store sales, improved merchandise mix and prudent inventory management.

On the back of perked-up results and brighter sales trends, the company is expecting earnings in the range of $3.38 to $3.46 per share for fiscal 2012, reflecting year-over-year growth of 12% - 15%. Moreover, the company has set a long-term target of generating 25% of sales from private label brands and 13% from strategic direct sourcing.

The economy is showing signs of stability in the housing market as consumer spending on small projects are witnessing considerable growth. Currently, we are maintaining a long-term Outperform recommendation on the stock.

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