#5 - Tractor Supply Company (NASDAQ:TSCO)
Tractor Supply Company (NASDAQ: TSCO) may get overlooked among retail stocks. But when it comes to rewarding shareholders, the specialty retailer is in a class of its own. The company has been buying back shares since 2007. And in 2023, the company repurchased 2.7 million shares for a total of $597 million. It also paid dividends totaling $449.6 million during the year.
It’s not surprising, then, that TSCO stock has been up a whopping 161.8% in the last five years. Yet despite that growth, the stock still looks attractive at around 25.8 forward earnings. The company’s buyback yield is 2.4% and goes along with a dividend yield that is currently at 1.64%. Tractor Supply has also increased its dividend for 15 consecutive years.
Analysts have a Moderate Buy rating on TSCO stock in the short term. However, the consensus price target is 5% below the stock’s closing price on May 9, 2024. That suggests a pullback may be coming, but that would be an attractive entry point for investors who have been on the sidelines.
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
- $289.57
- Consensus Rating
- Hold
- Ratings Breakdown
- 12 Buy Ratings, 9 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $260.83 (9.9% Downside)
