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Tractor Supply Company (TSCO) operates rural lifestyle retail stores in the United States.
The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
As of September 7, 2019, it operated 1,800 retail stores in 49 states.
The company operates its retail stores under the Tractor Supply Company, Del's Feed & Farm Supply, and Petsense names. It also operates e-commerce Websites, TractorSupply.com and Petsense.com.
The company sells its products to recreational farmers, ranchers, and others, as well as tradesmen and small businesses.
Shares are heading higher and are about to breakout of their bullish "cup and handle." The Company reports tonight after the close. On July 25th, Tractor Supply (TSCO) reported 2nd Quarter June 2019 earnings of $1.80 per share on revenue of $2.4 billion. The consensus earnings estimate was $1.81 per share on revenue of $2.4 billion. Revenue grew 6.3% on a year-over-year basis.
The company said it expects 2019 earnings of $4.65 to $4.75 per share on revenue of $8.40 billion to $8.46 billion. The company's previous guidance was earnings of $4.60 to $4.75 per share on revenue of $8.31 billion to $8.46 billion and the current consensus earnings estimate is $4.77 per share on revenue of $8.43 billion for the year ending December 31, 2019.
Entry Point: $94.00
Stop Loss: $90.00
Trading Range: $78.67 to $114.25
Target Price: $104.50
Closed at $93.10
