TSCO - Here's Why Tractor Supply Seems a Lucrative Bet Now | Benzinga
Tractor Supply Company (NASDAQ: TSCO) appears a solid investment option, thanks to its sturdy business strategies. The company is benefiting from its Life Out Here Strategy and the Neighbor's Club membership program. The ‘ONETractor' strategy, which is aimed at connecting store and online shopping, appears encouraging too. Buoyed by such endeavors, shares of this Zacks Rank #2 (Buy) company have gained 28.1% in the past six months and outperformed the industry's 6.6% growth.
Analysts seem quite optimistic about the company. The Zacks Consensus Estimate for 2024 sales and earnings per share is currently pegged at $15 billion and $10.34, indicating growth of 3% and 2.5% year over year, respectively. A Value Score of B further adds strength.
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Given the changing consumer trends, Tractor Supply is focused on integrating its physical and digital operations to offer consumers a seamless shopping experience. The company's omnichannel investments include curbside pickup, same-day, next-day delivery, a re-launched website and a new mobile app. Earlier, it launched Tractor Supply Visa Credit Card, which enabled customers to earn points on their everyday purchases, both in-store and anywhere Visa is accepted. The buyout of Orscheln Farm and Home also contributed to the performance.
The company's Neighbor's Club program ...