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
€238.95
-0.190%
With 40 Buy predictions and 4 Sell predictions Tractor Supply Company is one of the favorites of our community.
With a target price of 252 € there is a slightly positive potential of 5.46% for Tractor Supply Company compared to the current price of 238.95 €.
