Tractor supply gets Strong Buy Rating $115 target.
Tractor Supply resumed with a Strong Buy at Raymond James. Raymond James analyst Matthew McClintock resumed coverage of Tractor Supply with a Strong Buy rating and a price target of $115. The analyst contends that the company can generate an earnings growth rate of at least 10% per year while expanding its EBIT margins by about 20bps. McClintock is also positive on Tractor Supply's "solid" dividend yield, which he sees as "rare" for a growth retailer, as well as its dominant position in a "fairly isolated" niche part of the retail industry.
Source thefly
Average analysts target $114.70
Yield 1.52%
P/E ration 20.48
Short float 3%
Company profile
Tractor Supply Co. engages in the retail sale of farm and ranch products. It operates retail farm & ranch stores and focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. The firm operates the retail stores under the names: Tractor Supply Company, Del's Feed & Farm Supply, and Petsense. Its product categories includes equine, livestock, pet, and small animal; hardware, truck, towing, and tool; heating, lawn and garden items, power equipment, gifts, and toys; recreational clothing and footwear; and maintenance products for agricultural and rural use. The company was founded by Charles E. Schmidt, Sr. in 1938 and is headquartered in Brentwood, TN.
Source thefly
Average analysts target $114.70
Yield 1.52%
P/E ration 20.48
Short float 3%
Company profile
Tractor Supply Co. engages in the retail sale of farm and ranch products. It operates retail farm & ranch stores and focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. The firm operates the retail stores under the names: Tractor Supply Company, Del's Feed & Farm Supply, and Petsense. Its product categories includes equine, livestock, pet, and small animal; hardware, truck, towing, and tool; heating, lawn and garden items, power equipment, gifts, and toys; recreational clothing and footwear; and maintenance products for agricultural and rural use. The company was founded by Charles E. Schmidt, Sr. in 1938 and is headquartered in Brentwood, TN.