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.
It provides its products under the 4health, Producer's Pride, Bit & Bridle, Red Shed, Blue Mountain, Redstone, C.E. Schmidt, Retriever, Countyline, Ridgecut, Dumor, Royal Wing, Groundwork, Traveller, Huskee, Treeline, JobSmart, TSC Tractor Supply Co, Paws & Claws, and Untamed brand names. As of December 28, 2019, it operated 2,024 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 Websites under the TractorSupply.com and Petsense.com names. The company sells its products to recreational farmers, ranchers, and others, as well as tradesmen and small businesses.
Tractor Supply reported Quarter December 2019 earnings of $1.21 per share on revenue of $2.2 billion. The consensus earnings estimate was $1.23 per share on revenue of $2.2 billion. Revenue grew 2.7% on a year-over-year basis.
The company said it expects 2020 earnings of $4.90 to $5.10 per share on revenue of $8.75 billion to $8.90 billion. The current consensus earnings estimate is $5.22 per share on revenue of $8.97 billion for the year ending December 31, 2020.
This stock reports earnings on Thursday, April 23, 2020.
As farmers continue to receive funding from the stimulus package, the stock should have a strong earnings reporting.
Entry point: $93.00
52-week trade range: $63.89 - $114.25
Stop/Loss: $88.20
Target Price: $102.20
TSCO closed at $104.00