With an annual dividend yield of 3.12%, Tractor Supply Company (NASDAQ:TSCO) is included among the 12 Best NASDAQ Stocks to Buy for Dividends.
Tractor Supply Company (NASDAQ:TSCO) is the largest rural lifestyle retailer in the United States. The company is the source for farm supplies, pet and animal feed and supplies, clothing, tools, fencing, and so much more.
On June 22, DA Davidson ******* yst Michael Baker trimmed the firm's price target on Tractor Supply Company (NASDAQ:TSCO) from $50 to $40, but maintained a 'Buy' rating on the shares. The lowered target still indicates an upside of 33% from the current levels.
The firm lowered its estimates after the recovery that it expected following Tractor Supply's Q1 earnings miss failed to materialize, as per its leading indicator ******* ysis. Even with the reduced estimates, TSCO is currently trading at its lowest valuation in a decade on a price-to-earnings basis.
Tractor Supply Company (NASDAQ:TSCO) fell behind estimates in its first-quarter report in April, hurt by weak discretionary spending and softer demand in animal-care categories amid the uncertain macroeconomic environment. That said, the company's sales increased 3.6% during the quarter, driven by robust new store openings and, to a lesser extent, growth in comparable store sales.
Tractor Supply Company (NASDAQ:TSCO) is the largest rural lifestyle retailer in the United States. The company is the source for farm supplies, pet and animal feed and supplies, clothing, tools, fencing, and so much more.
On June 22, DA Davidson ******* yst Michael Baker trimmed the firm's price target on Tractor Supply Company (NASDAQ:TSCO) from $50 to $40, but maintained a 'Buy' rating on the shares. The lowered target still indicates an upside of 33% from the current levels.
The firm lowered its estimates after the recovery that it expected following Tractor Supply's Q1 earnings miss failed to materialize, as per its leading indicator ******* ysis. Even with the reduced estimates, TSCO is currently trading at its lowest valuation in a decade on a price-to-earnings basis.
Tractor Supply Company (NASDAQ:TSCO) fell behind estimates in its first-quarter report in April, hurt by weak discretionary spending and softer demand in animal-care categories amid the uncertain macroeconomic environment. That said, the company's sales increased 3.6% during the quarter, driven by robust new store openings and, to a lesser extent, growth in comparable store sales.
4 months ago
