Does the Street doubt Tractor Supply?
Posted on March 3, 2010 at 8:50 amIn a post reporting one analyst’s approval of Tractor Supply’s first-ever dividend, BusinessWeek points out an interesting discrepancy. Despite having hiked their average EPS 2010 projection for the Brentwood-based retailer (Ticker: TSCO) by 11 cents in the past month, analysts are still 5 percent short of the middle of the guidance CEO Jim Wright and his team have established.
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Analyst action: LifePoint, Genesco, Tractor Supply
Posted on March 2, 2010 at 8:47 amA trio of Morgan Stanley analysts are cautious about the hospital sector but like LifePoint’s negotiating power and ability to buy hospitals and its own shares. They’ve reiterated their ‘overweight’ rating on LifePoint shares (Ticker: LPNT), which rose 2.7 percent Monday.
There’s a similar sentiment at Susquehanna about Genesco: Christopher Svezia, Christina Cheng and Tom Haggerty say the retailer’s shares (Ticker: GCO) have been unfairly discounted and that they expect CEO Rob Dennis and his team to boost operating margins. Genesco jumped almost 7 percent yesterday.
At Piper Jaffray, analyst Mitch Kaiser has upgraded Tractor Supply to ‘neutral’ from ‘overweight’ and hiked his price target to $55 from $46. The main reason: “Improved moisture conditions.” Tractor Supply shares (Ticker: TSCO) added almost 5 percent Monday.
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Now deflation becomes Tractor Supply’s friend
Posted on February 26, 2010 at 8:27 amAs part of a sector upgrade, Wedbush Morgan analyst Joan Storms has raised her rating of Tractor Supply shares to ‘outperform,’ pointing out that the company will have relatively easy 2010 sales comparisons because it will be comparing its performance to 2009 numbers that were pushed down by deflationary pressures. Oh, and the harsh winter likely won’t hurt, either.
As far as timing, we point out that Q1 is the “get ready” quarter and can be impacted by weather. Thus far, we think colder winter weather has been positive, but we will see what March has to bring.
Storms has raised her price target for Tractor Supply (Ticker: TSCO) to $62, about 13 percent above its Thursday close.
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Tractor Supply launches private-label dog food
Posted on February 25, 2010 at 11:28 am
Brentwood-based Tractor Supply has brought to market 4health, a line of dog foods that cost 20 percent less than name brands. Here’s the official site.
Report: Tractor Supply in mix to sell Craftsman tools
Posted on February 22, 2010 at 7:58 amThe Chicago Tribune says Sears officials have held talks with their counterparts at Tractor Supply about selling Craftsman tools at the Brentwood-based company’s more than 800 stores. Sears has signed a deal with Ace Hardware that will launch this spring.
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Six locals honored for board diversity
Posted on February 16, 2010 at 11:28 am
CABLE this morning hosted a breakfast to honor 11 Tennessee-based public companies, including six from the Nashville area, for having at least two women on their boards of directors. The organization also drew attention to some research showing that those companies have woefully little company in the board diversity department.
SEE ALSO: How to make board diversity work
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Longtime Tractor Supply director stepping down
Posted on February 11, 2010 at 9:09 amS.P. “Pete” Braud has told his fellow Tractor Supply board member that, after 17 years with them, he will not stand for re-election this spring. The 79-year-old Braud is a former CFO of Service Merchandise. Cindie Jamison, a managing partner at consulting firm at Tatum, will assume Braud’s lead director role.
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Analyst action: Tractor Supply, regional banks
Posted on January 28, 2010 at 10:31 amFollowing its strong Q4 numbers, Tractor Supply has been raised to a ’strong buy’ by Brent Rystrom at Feltl & Co. Rystrom, who launched his coverage of Tractor Supply (Ticker: TSCO) last fall, has also raised his price target on the stock to $64.
Goldman Sachs says SunTrust is its best investing idea for 2010 in the regional bank space, which the firm says is getting healthier as it digests credit problems. After rising nicely in pre-market trading, SunTrust shares (Ticker: STI) have been pulled back to even by a broad market selloff.
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Analyst action: Dollar General, Tractor Supply
Posted on January 21, 2010 at 11:35 amMKM Partners analyst Patrick McKeever has begun covering shares of Dollar General (Ticker: DG) with a ‘buy’ rating and price target of $29.
At Goldman Sachs, analyst Robert Higginbotham has lowered Tractor Supply to ‘neutral’ from ‘buy.’ Shares of the Brentwood-based company (Ticker: TSCO) have risen 7 percent since mid-July.
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‘We’ll just shake our heads’
Posted on January 6, 2010 at 9:57 amTodd Wenning at The Motley Fool laments the time about 10 months ago when he missed the bottom in Tractor Supply shares.
Sometimes, good companies can get away before we have a chance to buy them at the right price. That’s just a part of investing. Always keep in mind, though, that good companies aren’t always a “buy” — the stock price has to be right, too.
Don’t look for another meaningful in Tractor Supply (Ticker: TSCO) soon, though: At its current price, it’s just $1 below analysts’ average target price.
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Technicals point in different directions for Tractor Supply, Delek
Posted on December 26, 2009 at 8:07 amHeading toward the new year, investors seem to think Tractor Supply shares (Ticker: TSCO) can keep rising and get support from its moving averages. The opposite trend seems to at work for Delek (Ticker: DK), where the short-term average has dipped under its longer-term peers.
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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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