#1 - Tractor Supply Company (NASDAQ:TSCO)
Tractor Supply Company (NASDAQ:TSCO)
It is tough to overstate how well-positioned for the pandemic Tractor Supply Company is. The first thing to keep in mind is that it operates in smaller and more rural areas with no or reduced competition from Walmart, Target, Home Depot, and Lowes. Now, consider the fact that Tractor Supply Company is the modern-day version of the old country store. The store that had (has) everything you need “for life out here” in the country. That’s what Tractor Supply Company is, and its products range from Chicken Feed to Chainsaws and everything in between.
Tractor Supply Company was a growth story before the pandemic, but now things are different. Tractor Supply Company experienced a game-changing event that has put it on the top-tier of American retailers. So I don’t leave you without any hard numbers consider this. Tractor Supply Company revenue grew more than 30.0% during the 2nd quarter of the year, the worst-hit in terms of shut-downs, and driven by a triple-digit increase in eCommerce channels. More than enough to keep the 1.0% dividend safe and ensure an 11th consecutive increase will come next year.
About Tractor Supply
Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.
Read More - Current Price
- $271.43
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 14 Buy Ratings, 8 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $253.54 (6.6% Downside)
