|Bid||132.50 x 1000|
|Ask||136.50 x 800|
|Day's Range||131.89 - 134.90|
|52 Week Range||63.89 - 134.90|
|Beta (5Y Monthly)||1.02|
|PE Ratio (TTM)||27.83|
|Earnings Date||Jul 23, 2020|
|Forward Dividend & Yield||1.40 (1.06%)|
|Ex-Dividend Date||May 22, 2020|
|1y Target Est||122.65|
Most readers would already be aware that Tractor Supply's (NASDAQ:TSCO) stock increased significantly by 67% over the...
When it comes to ranch and farm equipment, Tractor Supply Company (NASDAQ: TSCO) is probably the first retailer that comes to mind. Shares of Tractor Supply Company have been hitting new all-time highs and are up over 40% year to date, even as the world grapples with the COVID-19 pandemic. Tractor Supply has demonstrated consistent growth over the last five years.
Tractor Supply's (TSCO) collaboration with American Kennel will allow it to reach dog owners of all breeds, and thus expand the customer base.
Tractor Supply Company, the largest rural lifestyle retailer in the U.S., today announced a new multi-year sponsorship agreement with the American Kennel Club (AKC). AKC is the world’s largest purebred dog registry, an advocate for all dogs and the governing body of dog sports in the U.S. By joining forces with AKC, Tractor Supply will continue to offer support and resources for dog owners of any breed.
Bank of America data suggests Lowe’s and Tractor Supply are two beneficiaries of the boom in DIY home improvement projects during the coronavirus pandemic.
Adding to its extensive line of products for our four-legged friends, Tractor Supply Company announced today the launch of a new exclusive line of pet food and treats in collaboration with Miranda Lambert’s MuttNation. The line, On The Farm, carries an assortment of balanced, nutritional recipes for both dogs and cats – made with real beef or chicken and other natural ingredients. On The Farm pet food and treats are available for online purchase now and will hit store shelves on Monday, July 20.
Tractor Supply Company today released its inaugural Environmental, Social and Governance (ESG) Report recapping 2019 performance metrics.
The ratings on six P&I classes were affirmed due the pool's share of defeasance and the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), being within acceptable ranges. The ratings on three P&I classes, Class E, Class F and Class G, were downgraded due to anticipated losses from specially serviced and troubled loans, as well as the decline in performance of the largest loan, Fox River Mall (13.9% of the pool).
The Zacks Analyst Blog Highlights: Tesla, Fortinet, West Pharmaceutical Services, DexCom and Tractor Supply
Tractor Supply Company names Melissa Kersey Executive Vice President, Chief Human Resources Officer, effective July 20, 2020.
Zacks.com featured highlights include: Vertex Pharmaceuticals, Sprouts Farmers Market, Dollar General and Tractor Supply Company
As fears of a second wave of coronavirus grip markets, same-day delivery for groceries and other essential items may become a more viable option, at least in the immediate future.
The Zacks Analyst Blog Highlights: Mastercard, Sprouts Farmers Market, Wayfair, Tractor Supply and Dollar General
The coronavirus outbreak affects consumer behaviour by and large whereby buyers are spending more on the essential goods and shifting to online shopping, away from the bricks-and-mortar stores.
These days, every retailer has to become an online retailer. Target, Walmart and others are showing they won’t bow down to Amazon.com easily.
The ratings on three P&I classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), are within acceptable ranges. Moody's base expected loss plus realized losses is now 7.0% of the original pooled balance, compared to 4.2% at the last review.
(Bloomberg) -- Tractor Supply Co., a retailer focused on the rural lifestyle that sells everything from hoes to blackberry bushes to dog food, is resonating with a Covid-rattled, stir crazy population embracing the joys of backyard vegetable patches and time outside.Shares last week hit an all-time high after the company forecast record profit in the current quarter and comps growth of as much as 25%. Several factors dovetailed to fuel demand: spending by restless Covid-shut ins, competitors’ shuttered stores and stimulus cash.“More people are staying at home, gardening. And you don’t stop feeding your pets,” Telsey analyst Joseph Feldman said. “Tractor Supply sells a lot of grease, but 40% to 45% of their business is selling the basic stuff that people buy every week. It’s like going to the grocery store.”Tractor Supply’s base is made up of recreational farmers, ranchers, gardeners and others who like to get outside and try their hand at backyard poultry, raising goats and even beekeeping. About half of the $8 billion in sales last year came from livestock and pet supplies, with hardware and tools chipping in 21%, and seasonal items, clothing and agriculture making up the rest.In January, 45-year-old Hal Lawton took over as chief executive officer, bringing with him skills at harvesting online sales from previous stints at Macy’s, Home Depot and eBay. The timing was fortunate. Since March, the company rolled out curb-side pick up across roughly 1,800 stores and revamped its website with geo-location tracking capabilities -- both aimed at enhancing the customer experience. And early data show an influx of new customers buying up goods online and picking up in-store, according to the company.While these digital efforts were years in the making under a strategy called “One Tractor,” the company sped things up as it braced for changing customer needs amid the pandemic, said chief technology officer Rob Mills.When coronavirus hit, the company pulled together a cross-functional team and put a plan in motion after analyzing procedures, trends and local regulations. The effort took roughly 10 to 14 days from “moment of decision to rollout,” he said. Next up: a mobile app with enhanced product description and imagery, and an “ask an expert” function.The forecast in late May drew a chorus of praise from analysts, with more than half holding a buy-equivalent rating. “The farm economy is open,” Quo Vadis Capital’s John Zolidis wrote. “In general, rural economies and rural consumer psychologies have been less impacted by the Corona-Crisis than others.” At Raymond James, analyst Matthew McClintock wrote that Tractor Supply is perfectly aligned with the “idea of nesting and increasing consumer adoption of DIY projects and acquiring pets.”The sole sell rating on the Brentwood, Tennessee-based company comes from Morningstar’s Jaime Katz. Her fair-value estimate of the company of $102 per share -- the Street-low -- is nearly 20% below where shares are trading, which pulled the rating into “sell” territory. She otherwise said Tractor Supply is a good business that has “taken its lumps” in the past.“No one loved it for a while, especially in the 2016 and 2017 period,” Katz said. “They were impacted by wonky weather patterns, which appears to be the biggest volatility factor for them.” If it’s too warm, and cold weather gear is out on the floor, there’s sometimes a mismatch, Katz explained.Gone CountryOne possible helpful trend that some analysts touched on last month is a shift of urban residents going more country. A Piper Sandler-conducted survey found that roughly 40% of urban residents were “likely” or “very likely” to move in the next 12 months to a more suburban or rural area, where Tractor Supply stores tend to be located. “We believe this population migration over the next year will be favorable for TSCO,” Piper analyst Peter Keith wrote.Katz thinks the trend may have legs. “The idea that there is a movement from urban to more suburban and rural areas is legitimate, but TBD,” Katz said.Meanwhile, Goldman analyst Kate McShane stepped away from her bull rating last week, saying the recent comp lift may be temporary as once shuttered competitors come back, states re-open, stimulus checks fade, “and the reality of a tougher economic backdrop sets in.”McShane suspects part of the online surge was gained from Amazon’s shift to focusing entirely on essentials in recent months, driving dollars to other retailers. After the recent share run-up, she sees the stock as likely fully valued.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Tractor Supply Company (TSCO) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
Shares of Tractor Supply Company (NASDAQ: TSCO) surged 20% in May, according to data provided by S&P Global Market Intelligence. Tractor Supply reported a strong set of earnings for its first-quarter 2020 report, and the company does not seem to be badly affected by the COVID-19 pandemic. Net sales rose 7.5% year over year to $1.95 billion, while comparable store sales increased 4.3% year over year.