TSCO Stock Summary and Trading Ideas (Tractor Supply Company | NASDAQ:TSCO)

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 2,216 of its namesake banners in 49 states, including 81 Orscheln Farm and Home stores (rebranded as Tractor Supply), along with 198 Petsense by Tractor Supply stores. Stores are generally concentrated in rural communities, as opposed to urban and suburban areas. In fiscal 2022, revenue consisted primarily of livestock and pet (50%), hardware, tools, and truck (19%), and seasonal gift and toy (21%).

Tractor Supply Company trades on the NASDAQ stock market under the symbol TSCO.

As of April 23, 2024, TSCO stock price climbed to $257.90 with 44,402 million shares trading.

TSCO has a beta of 0.69, meaning it tends to be less sensitive to market movements. TSCO has a correlation of 0.17 to the broad based SPY ETF.

TSCO has a market cap of $27.84 billion. This is considered a Large Cap stock.

Last quarter Tractor Supply Company reported $4 billion in Revenue and $2.28 earnings per share. This fell short of revenue expectation by $-10 million and exceeded earnings estimates by $.06.

In the last 3 years, TSCO stock traded as high as $268.02 and as low as $166.49.

The top ETF exchange traded funds that TSCO belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

TSCO stock has underperformed the market in the last year with a return of +5.4%, while SPY returned +23.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in TSCO shares. However, TSCO has outperformed the market in the last 3 month and 2 week periods, returning +11.4% and +3.3%, while SPY returned +4.3% and -3.1%, respectively. This indicates TSCO has been having a stronger performance recently.

TSCO support price is $249.79 and resistance is $256.97 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TSCO stock will trade within this expected range on the day.