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Tractor Supply Company (TSCO)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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134.02+0.14 (+0.10%)
At close: 4:00PM EST
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  • S
    Scott
    Home Depot is acquiring HD Supply... It's not unusual to see competitors follow acquisitions with a buy of their own. With that in mind, I wouldn't be surprised to see Lowes attempt an acquisition of Tractor Supply. There would be plenty of synergies while offering Lowes an entirely new avenue for growth. I prefer a standalone TSCO, but as a long term shareholder of both LOW & TSCO, it wouldn't be the worst thing in my opinion. Good luck TSCO longs!
  • J
    J
    Still under the 200 DMA, will wait on this one a bit longer....
  • S
    Scott
    I'll repeat what I say just about every 3rd month... 'Another stellar quarter delivered by Tractor Supply... TSCO continues to be a favorite holding of mine and one I hope to hold for the next decade or two. Good luck TSCO longs!'

    BTW... TSCO's valuation is by no means cheap at this point. The higher the valuation, the more volatility we're going to see. I choose to ignore short term noise and focus on where I see the share price 5, 10 even twenty years from now. Assuming Tractor Supply sticks to the game plan they've employed for the past 20+ years, there's still many multi-bagger returns to come in my opinion.
  • D
    D.B.
    Am I the only one having an out of body experience? (Great report and great earnings call ... stick drops 12%) Maybe if it were a Virtual Tractor Company supplying tractors to the gaming industry via a cool app that actually has no assets and tons of speculator debt ... then, and ONLY then it would have gone up! And the Robin Hood crowd are asking “what’s a tractor, dude”?
  • A
    Anonymous
    Great time to buy more. Gifts like this do not happen often. Great top and bottom line beat, good forecast. What's not to like?
  • Y
    Yahoo Finance Insights
    Tractor Supply is down 5.09% to 133.30
  • S
    Stockguru
    I added at $137
  • M
    Mel
    $150.35 at 21OCT close to $137.13 at 22OCT open!!. No pundit analyses attempt to explain this except possibly for https://finance.yahoo.com/news/return-capital-employed-overview-tractor-134758935.html, which says “Generally, a higher ROCE suggests successful growth of a company and is a sign of higher earnings per share in the future. In Q3, Tractor Supply posted an ROCE of 0.13%.”

    But see also https://www.investopedia.com/terms/r/roce.asp, which says “In general, both the ROIC and ROCE should be higher than a company’s weighted average cost of capital (WACC) in order for the company to be profitable over the long-term.”

    …and https://www.gurufocus.com/term/wacc/NAS:TSCO/WACC-/Tractor-Supply, which says “As of today (2020-10-23), Tractor Supply Co's weighted average cost of capital is 6.23%. Tractor Supply Co's ROIC % is 16.26% (calculated using TTM income statement data). Tractor Supply Co generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.”

    .....so WHY??!!
    Bullish
  • C
    Callum
    blowout earnings on the way
    Bullish
  • j
    jay
    Weak hands left pfe .90 pop for options
  • S
    Stockguru
    Down almost $12 now. Wow!!
  • B
    BertB
    can't find any news on this train wreck today any ideas guys
  • M
    Milo
    At like 20x next year’s EPS, should I be loading up???
  • l
    lvioland23
    Tsco-already peaked
    Bearish
  • M
    Milo
    What's a fair value for this stock, for new buyers?
  • G
    Geeta
    whats the reason for this dip ?
  • S
    Scott
    TSCO delivers another stellar quarter. I've said it before, but I'll say it again... Tractor Supply is one of the few retailers that still has great prospects for growth and they're doing it while delivering profitability metrics that are industry leading. Balance sheet is rock solid with minimal debt giving TSCO great flexibility to better deal during the next recession (whenever that may be). I own my shares from the low $50's and continue to feel the growth story is in tact. I trimmed about 20%, realizing some profits, but plan to let the rest run, hopefully for many years to come. Good luck TSCO longs!
  • S
    Scott
    'Fair Value' is primarily based on objective measures, but is really subjective as a while. I've adjusted mine for TSCO a bit and it now sits right around $90. TSCO should get a huge financial benefit with reduced tax rates beginning this year. I don't expect a lot of revenue growth this year, which is a negative. However, their typical 35% rate will be reduced to the low 20's, which should substantially increase earnings, free cash flow and profitability metrics (ROA, ROE & ROIC) which were already near the best in retail. My average cost is mid-$50's, but no current plans to sell. Assuming market conditions stay the same, I might start trimming just a bit if/when it's up around $100 per share.

    I like the niche TSCO dominates in retail and as I've said before, think there's a real possibility of HD or LOW trying to acquire TSCO at some point. Lots of synergies and would be immediately accretive to earnings for both, while providing a nice growth engine in their mostly saturated U.S. market. Good luck fellow TSCO longs...
  • b
    bill
    Earnings were good !! Why the pre market drop ????
  • S
    Scott
    Very interesting price action following earnings this morning. Earnings either missed slightly or were inline depending on how you look at it, with go-forward guidance being reiterated. That's been good enough for a 6%+ increase to start the trading day. That goes to show expectations were low, which is actually a good thing in this environment. My opinion only...