Tractor SupplyTSCO
About: Tractor Supply is the largest operator of retail farm and ranch stores in the United States. The company targets recreational farmers and ranchers and has little exposure to commercial and industrial farm operations. Currently, the company operates 2,254 of its namesake banners in 49 states, including 81 Orscheln Farm and Home stores (rebranded as Tractor Supply), along with 205 Petsense by Tractor Supply stores. Stores are generally concentrated in rural communities, as opposed to urban and suburban areas. In fiscal 2023, revenue consisted primarily of livestock, equine & agriculture (27%), companion animal (25%), and seasonal & recreation (22%).
Employees: 50,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
16% more first-time investments, than exits
New positions opened: 101 | Existing positions closed: 87
1% more funds holding
Funds holding: 1,121 [Q1] → 1,135 (+14) [Q2]
0% more capital invested
Capital invested by funds: $27.5B [Q1] → $27.5B (+$17.6M) [Q2]
5% less repeat investments, than reductions
Existing positions increased: 409 | Existing positions reduced: 430
2.83% less ownership
Funds ownership: 97.34% [Q1] → 94.51% (-2.83%) [Q2]
8% less funds holding in top 10
Funds holding in top 10: 12 [Q1] → 11 (-1) [Q2]
26% less call options, than puts
Call options by funds: $272M | Put options by funds: $365M
Research analyst outlook
17 Wall Street Analysts provided 1 year price targets over the past 3 months
17 analyst ratings
Benchmark John Lawrence 40% 1-year accuracy 4 / 10 met price target | 4%downside $280 | Buy Reiterated | 21 Oct 2024 |
Telsey Advisory Group Joseph Feldman 59% 1-year accuracy 65 / 111 met price target | 15%upside $335 | Outperform Maintained | 17 Oct 2024 |
JP Morgan Christopher Horvers 80% 1-year accuracy 20 / 25 met price target | 0%downside $290 | Neutral Maintained | 16 Oct 2024 |
Truist Securities Scot Ciccarelli 67% 1-year accuracy 43 / 64 met price target | 12%upside $325 | Buy Maintained | 14 Oct 2024 |
Piper Sandler Peter Keith 62% 1-year accuracy 13 / 21 met price target | 14%upside $332 | Overweight Maintained | 14 Oct 2024 |
Financial journalist opinion
Based on 11 articles about TSCO published over the past 30 days
