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
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
Evercore ISI Group Oliver Wintermantel 89% 1-year accuracy 8 / 9 met price target | 1%upside $300 | In-Line Downgraded | 3 Oct 2024 |
Benchmark John Lawrence 69% 1-year accuracy 25 / 36 met price target | 6%downside $280 | Buy Reiterated | 30 Sept 2024 |
Melius Research Karen Short 60% 1-year accuracy 6 / 10 met price target | 6%upside $315 | Buy Initiated | 23 Sept 2024 |
Loop Capital Anthony Chukumba 46% 1-year accuracy 6 / 13 met price target | 13%downside $260 | Hold Maintained | 6 Sept 2024 |
Evercore ISI Group Oliver Wintermantel 89% 1-year accuracy 8 / 9 met price target | 6%downside $280 | Outperform Maintained | 26 Jul 2024 |
Financial journalist opinion
Based on 12 articles about TSCO published over the past 30 days