TSCO - Tractor Supply Q1: Not Buying More For Now But Watching
2024-05-01 07:00:00 ET
Summary
- Since downgrading to a hold rating in February, shares of Tractor Supply have rallied another 16%.
- The niche retailer's Neighbor's Club rewards program grew at a healthy rate, which helped it overcome shifting consumer spending patterns.
- Tractor Supply's interest coverage ratio for the quarter was robust.
- Shares of the company appear to be priced just above fair value.
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Tractor Supply Q1: Not Buying More For Now But Watching