Is Tractor Supply a good long-term stock?
TSCO is a #2 (Buy) on the Zacks Rank, with a VGM Score of A. It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 24.26; value investors should take notice. Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024.
TSCO has an average earnings surprise of 0.2%. TSCO should be on investors' short lists because of its impressive earnings and valuation fundamentals, a good Zacks Rank, and strong Value and VGM Style Scores.
TSCO sits at a Zacks Rank #2 (Buy), holds a Value Style Score of B, and has a VGM Score of A. Compared to the Retail - Miscellaneous industry's P/E of 12.3X, shares of Tractor Supply are trading at a forward P/E of 24.3X.
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Not only do Tractor Supply investors get access to the potential appreciation of the underlying stock price (of course, there's always a risk it goes down, too), but they tap into a dividend likely to continue growing for the foreseeable future, building on its track record of 15 consecutive years of dividend growth.
The company went from paying $1.50 annually in dividends in 2020 to $2.08 in 2021 and then $3.68 in 2022. Importantly, Tractor Supply's dividend yield notably stacks up quite well against many other companies. For instance, the S&P 500 and NASDAQ 100 indices have dividend yields of about 1.4% and 0.9% respectively.
For fiscal year 2024, Tractor Supply Co provides a conservative outlook, expecting net sales between $14.7 billion and $15.1 billion, with comparable store sales ranging from a 1.0% decrease to a 1.5% increase.
TSCO Stock 12 Month Forecast
Based on 25 Wall Street analysts offering 12 month price targets for Tractor Supply in the last 3 months. The average price target is $241.83 with a high forecast of $285.00 and a low forecast of $173.00.
Tractor Supply Company Stock
The stock has split four times previously, all at a 2:1 ratio, with the last taking place in 2013.
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Tractor Supply's fourth quarter net income receded 8.5% to $247.9 million from a net income of $270.9 million for the corresponding quarter a year ago. The Brentwood, Tennessee-based company posted a net income of $1.11 billion for the year, moving upward 1.7% from a net income of $1.09 billion.
Tractor Supply annual gross profit for 2023 was $5.228B, a 5.15% increase from 2022. Tractor Supply annual gross profit for 2022 was $4.972B, a 11.06% increase from 2021. Tractor Supply annual gross profit for 2021 was $4.477B, a 19.02% increase from 2020.
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Largest shareholders include Vanguard Group Inc, BlackRock Inc., Capital International Investors, Capital World Investors, State Street Corp, Wellington Management Group Llp, AGTHX - GROWTH FUND OF AMERICA Class A, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Price T Rowe Associates Inc /md/, and ...
How often does Tractor Supply pay dividends?
Tractor Supply Company ( TSCO ) pays dividends on a quarterly basis.
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“Tractor Supply Company Announces Agreement to Acquire Orscheln Farm and Home, a Farm and Ranch Retailer with 167 Stores in the Midwest,” Tractor Supply Co. (February 17, 2021) “Tractor Supply, with New Acquisition, Continues to Outperform Retail Sector,” Forbes (February 17, 2021)
Capital plans for 2024 include opening a total of approximately 80 Tractor Supply stores, continuing Project Fusion remodels and garden center transformations, completion of its 10th distribution center and opening a total of 10 to 15 new Petsense by Tractor Supply stores.
About Tractor Supply Company
Tractor Supply is the largest rural lifestyle retailer in the U.S., ranking 291 on the Fortune 500.
