Tractor Supply Keeps on Creating Value for Shareholders
A few weeks ago, I made the case that Tractor Supply (NASDAQ: TSCO) was a hidden gem in the retail industry. Amazon.com's (NASDAQ: AMZN) onslaught may have put several bricks-and-mortar retailers out of business in recent years, but Tractor Supply's rural customer demographic, with its recurring-purchase behavior, significantly insulates it from the e-commerce juggernaut.
The company reported third-quarter earnings a few weeks back, and my colleague Demitrios Kalogeropoulos provided a fine recap of the results, noting the company's 6.6% increase in same-store sales and its 35 new store locations. Wall Street nodded in approval of the report, and the stock is up a modest 5% since then.
Image source: TractorSupply.com.
Source: Fool.com
Tractor Supply Company Stock
€261.75
-0.500%
The stock is one of the favorites of our community with 35 Buy predictions and 4 Sell predictions.
However, we have a potential of -2.2% for Tractor Supply Company as the target price of 256 € is below the current price of 261.75 €.
