Key Highlights:
- Tractor Supply Company (TSCO, Financial) reports a 2.1% increase in Q1 sales, totaling $3.47 billion.
- The company boosts its dividend by 4.5% and expands share repurchase authorization by $1 billion.
- Fiscal 2025 sales forecasts anticipate growth between 4% and 8%.
Tractor Supply's Financial Performance
Tractor Supply Company (NASDAQ: TSCO) recently announced its first-quarter financial results, showcasing a 2.1% increase in sales, bringing the total to $3.47 billion. Despite facing a slight dip in comparable store sales by 0.9%, the company remains optimistic about its future growth trajectory. In line with this positive outlook, Tractor Supply has decided to increase its dividend by 4.5% and has also augmented its share repurchase authorization by an additional $1 billion. Looking ahead, the company projects robust sales growth in the fiscal year 2025, with expectations set between 4% to 8%.
Wall Street Analysts' Insights
According to 28 analysts providing a one-year price target for Tractor Supply Co (TSCO, Financial), the average target is set at $57.58. The projections range from a high of $67.00 to a low of $42.00. This average target price indicates a potential upside of 18.01% from the current trading price of $48.79. For a deeper dive into these estimates, visit the Tractor Supply Co (TSCO) Forecast page.
Brokerage Recommendations
The consensus recommendation from 34 brokerage firms for Tractor Supply Co (TSCO, Financial) currently stands at an average rating of 2.5, denoting an "Outperform" status. This rating scale ranges from 1 to 5, where a rating of 1 points to a "Strong Buy" and 5 suggests a "Sell".
GF Value Analysis
Based on GuruFocus estimates, the projected GF Value for Tractor Supply Co (TSCO, Financial) in one year's time is pegged at $55.08. This signifies a potential upside of 12.89% from the current share price of $48.79. The GF Value is a unique metric by GuruFocus, representing an estimated fair trading value of the stock. It is determined by historical trading multiples, past business growth, and future business performance estimates. For more comprehensive insights, please visit the Tractor Supply Co (TSCO) Summary page.
