Tractor Supply Co's Q4 2024 financial results reveal a miss on both EPS and Revenue estimates which caused the stock to slip by 5%. Loop Capital resized the price target for this retailer, reducing the figure to $54, while JPMorgan Chase & Co set a new mark at $59. Despite these challenges, the company unveiled an ambitious plan to counterbalance the setback, including its 'Life Out Here 2030 Strategy' which targets a $225B market by expanding to 3,200 stores. Moreover, Tractor Supply has partnered with
Field & Stream and expanded its logistics scope through a new distribution centre. It also acquired Allivet, an online pet and animal pharmacy, unlocking a $1 billion revenue opportunity in pet healthcare. Yet, its fourth-quarter miss highlights potential shifts in consumer spending habits. A SWOT analysis indicates a mixed outlook, and some investors continue to remain cautious heading into Q4. The news raises questions about the strategic analytics and the company's intrinsic value.
DA Davidson maintains its buy rating on the stock, expecting future growth amid these challenges.
Tractor Supply Co TSCO News Analytics from Mon, 03 Jun 2024 07:00:00 GMT to Sat, 01 Feb 2025 20:02:15 GMT -
Rating -4
- Innovation 4
- Information 7
- Rumor 2
