#6 - Tractor Supply Company (NASDAQ:TSCO)
Although discount retailers are drawing a lot of attention in terms of retail expansion, Tractor Supply Company (NASDAQ:TSCO) should not be overlooked. The company has plans to build up to 80 new stores in 2021.
TSCO stock is up 63 in the trailing 12-month period and is up 27% so far in 2021. However, despite a solid earnings report in April, the stock appears to be range-bound and looking for direction. But at a time when consumer stocks, in general, are out of favor, the fact that Tractor Supply is holding its own is encouraging.
Yes, you can buy shares of The Home Depot (NYSE:HD) and you’ll be well served in doing so. But with the ability to generate free cash flow that could, theoretically, be used to boost its dividend and share repurchase programs, TSCO looks like it could be ready to break out particularly since the housing market remains strong.
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
- $281.71
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 13 Buy Ratings, 8 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $282.82 (0.4% Upside)
