Tractor Supply Company (TSCO) experienced a fall in Q4 earnings as it aims for strategic expansion with an acquisition of Allivet, an online pet and animal pharmacy. This move is expected to unlock a $1 billion revenue opportunity in pet healthcare. Q4 2024 also saw TSCO's stock reaching a new target price of $53 as set by Bank of America. A key part of their strategy involves hosting events such as the pet treat tasting in Boone and the Ulti-Mutt pet celebration. TSCO also unveiled a massive growth plan that eyes a $225B market with 3,200 stores. Having been named one of Computerworld’s best places to work in IT, TSCO demonstrated considerable achievement in the IT sector. Despite shortfalls in sales and a 52-week low at $52.81, investors are recommended to buy this stock which has risen by up to 37% YTD. This can be attributed to several successful initiatives like the launch of a premium dog food brand, 4health Shreds, and a mega pet event. TSCO's intrinsic value and the favourable financial outlook for 2024 further reinforces this recommendation.
Tractor Supply Co TSCO News Analytics from Wed, 03 Apr 2024 07:00:00 GMT to Fri, 17 Jan 2025 18:54:45 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -2
