Tractor Supply director buys the dip
Posted on November 2, 2009 at 8:07 am
Jack Bingleman, a member of Tractor Supply’s board of directors since 2005, on Friday bought more than $110,000 worth of the retailer shares (Ticker: TSCO), which have fallen 15 percent in the past two weeks.
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Tractor Supply’s short-sighted sellers
Posted on October 27, 2009 at 11:20 amMotley Fool’s Rob Plaza says those dumping Tractor Supply following its Q3 report last week are jumping off “one of the only growth stories in retail.” Tractor Supply shares (Ticker: TSCO) have gained 28 percent this year.
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Tractor Supply catches its breath
Posted on October 23, 2009 at 7:33 am
A notable loser in Thursday’s stock exchange action was Tractor Supply, which lost more than 6 percent after Piper Jaffray analyst Mitch Kaiser downgraded the company to ‘underweight.’ Kaiser said the expected deflation is daunting enough to lower his 2010 EPS forecast by 6 percent.
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A voice of caution on Tractor Supply
Posted on October 14, 2009 at 11:07 amJP Morgan has started covering shares of Tractor Supply with an ‘underweight’ rating and a target of $44, which is 17 percent below this morning’s opening price for the stock. It’s also a departure from many other analysts: About half of the almost 20 who follow Tractor Supply have ‘buy’ ratings. Shares of Tractor Supply (Ticker: TSCO) are down about 1.5 percent this morning.
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Tractor Supply has room to run
Posted on October 13, 2009 at 9:11 amArgus Research has lifted its price target for shares of Tractor Supply (Ticker: TSCO) from $52 to $62. That’s the highest number on the Street and more than 15 percent above this morning’s price.
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Analysts rush to raise Tractor Supply targets
Posted on October 9, 2009 at 8:04 amAfter Tractor Supply came out firing yesterday about its pending third-quarter earnings, analysts at FBR Capital Markets and Wedbush Morgan lifted their price targets. FBR’s Stephen Chick now sees Tractor Supply shares (Ticker: TSCO) going to $48, Wedbush Morgan’s Joan Storms to $54. Those shares closed Thursday trading at $53 and change, their highest level in 27 months.
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Analyst: Wait for external event before buying Tractor Supply
Posted on October 8, 2009 at 7:40 amWells Fargo on Wednesday resumed its coverage of Tractor Supply with a ‘market perform’ rating and a good bit of skepticism about the stock’s ability to move higher. Its analysts say the company’s cost-cutting focus will put a hold on meaningful margin expansion for a while. Your best if you’re looking to get in: Wait for weather – i.e. a really mild winter that hurts sales of seasonal clothing and pushes the stock down. Shares of Tractor Supply (Ticker: TSCO) have risen 41 percent this year.
UPDATE: Tractor Supply says, “Oh, really?”
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Boring works for Tractor Supply
Posted on September 29, 2009 at 2:32 pmInvestors looking for solid gains in the coming years should focus on boring businesses with few competitors, says Georgia money manager Sham Gad. That group includes “tidy little” Tractor Supply, whose shares (Ticker: TSCO) are up 34 percent this year.
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Tractor Supply inks brand-name feed deals
Posted on September 23, 2009 at 10:07 am
The Brentwood-based specialty retailer has signed agreements with Land O’Lakes and Cargill to market 15 products from those companies’ Purina and Nutrena brand lines.
“Throughout this recession, our customers have been placing greater emphasis on purchasing basic everyday products. In turn, we have maintained our commitment to understanding and fulfilling their needs by highlighting our consumable, usable and edible, or CUE, categories. We believe that providing a complete assortment of animal feeds and access to these well-recognized national brands will be very appealing to our customers and will help continue to drive traffic to our stores.”
Shares of Tractor Supply (Ticker: TSCO) are off about 1 percent this morning. They’re up about 31 percent in 2009.
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Analyst action: Tractor Supply, LP, Healthcare Realty
Posted on September 22, 2009 at 11:40 amThomas Weisel Partners analyst Christian Buss has initiated coverage of Tractor Supply with a ‘market weight’ rating and target of $51. Shares of the Brentwood-based retailer (Ticker: TSCO) are down a bit today, but up more than 30 percent in 2009.
Over at Oppenheimer, analyst Mark Biffert has begun covering shares of Healthcare Realty (Ticker: HR) and its peers with ‘perform’ ratings. Biffert sees the Nashville-based company growing per-share funds from operations 8 percent in 2010 but sees “limited near-term acquisition opportunities until pricing improves.”
And at Barclays Capital, Peter Ruschmeier has reiterated his rating of Louisiana-Pacific at ‘overweight’ but lowered his price target to $7 from $7.50. LP shares (Ticker: LPX) are stoutly ignoring that info, rising more than 3 percent to $7.49 this morning.
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More gains ahead for Tractor Supply
Posted on September 17, 2009 at 7:48 am
So says, Richard Moroney of Dow Theory Forecasts in a Forbes column advising investors to make sure industry leaders are well represented in their portfolios. Moroney writes that Tractor Supply shares (Ticker: TSCO) could reach $53 in the coming months, a good 12 percent over where they closed yesterday.
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Scarlett named to JA hall of fame
Posted on September 14, 2009 at 11:29 am
From Junior Achievement of Middle Tennessee:
Joe Scarlett, retired CEO of Tractor Supply Company and the Founder of the Scarlett Leadership Institute of Belmont University, will be the 2009 inductee into the Nashville Business Hall of Fame to be held Oct. 27 at Loews Vanderbilt Plaza. The event is hosted by Junior Achievement of Middle Tennessee (JA) to recognize the city’s outstanding contributors to business and philanthropy and will draw crowds of Scarlett’s peers to the induction celebration.
…
Scarlett was selected for this distinctive honor by committee vote. The JA committee, chaired by JA Board Members Mary Cavarra of Ingram Industries and Jim Mallon of American General Life and Accident, selected Scarlett for the 2009 award based on his keen interest in providing quality education to students of all ages in Nashville. His current focus is on building first-class executive education programs with a primary focus on business leadership, ethics and an emphasis on effective communication and measurable behavioral change, according to Scarlett’s Web site.
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“Joe Scarlett represents the American Dream,” said JA President Trent Klingensmith. “He is passionate about life-long learning, ethical behavior and the fundamentals of the free enterprise system, all of which embody the JA mission. Joe was such a natural fit for this honor and we are proud to include him in our Hall of Fame.”
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Analyst: Tractor Supply has room to run
Posted on September 2, 2009 at 6:57 amFeltl, a regional stock broker, has begun covering shares of Tractor Supply with a ‘buy’ rating and a price target of $56. That’s more than 20 percent above where the stock (Ticker: TSCO) started the day.
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Tractor Supply breaks technical barrier
Posted on August 14, 2009 at 1:21 pmZacks sees good things ahead for shares of Tractor Supply (Ticker: TSCO) now that the stock has broken through $45.
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Look for TSCO to surprise
Posted on July 21, 2009 at 7:51 amZacks Investment Research says Tractor Supply investors could be in for another treat this week when the company reports Q2 earnings. Shares of the Brentwood-based retailer (Ticker: TSCO) have risen 58 percent in the past year.
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