Advertisement
Singapore markets open in 3 hours 9 minutes

  • Straits Times Index

    3,332.80
    -10.55 (-0.32%)
     

  • S&P 500

    5,460.48
    -22.39 (-0.41%)
     

  • Dow

    39,118.86
    -45.24 (-0.12%)
     

  • Nasdaq

    17,732.60
    -126.10 (-0.71%)
     

  • Bitcoin USD

    61,815.01
    +873.20 (+1.43%)
     

  • CMC Crypto 200

    1,287.30
    +3.47 (+0.27%)
     

  • FTSE 100

    8,164.12
    -15.56 (-0.19%)
     

  • Gold

    2,336.90
    -2.70 (-0.12%)
     

  • Crude Oil

    81.46
    -0.08 (-0.10%)
     

  • 10-Yr Bond

    4.3430
    +0.0550 (+1.28%)
     

  • Nikkei

    39,583.08
    +241.58 (+0.61%)
     

  • Hang Seng

    17,718.61
    +2.11 (+0.01%)
     

  • FTSE Bursa Malaysia

    1,590.09
    +5.15 (+0.32%)
     

  • Jakarta Composite Index

    7,063.58
    -6,967.95 (-49.66%)
     

  • PSE Index

    6,411.91
    +21.33 (+0.33%)
     

Why Tractor Supply (TSCO) is a Top Value Stock for the Long-Term

Zacks Equity Research
·2-min read

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

Why Investors Should Pay Attention to This Value Stock

Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks.

ADVERTISEMENT

Tractor Supply (TSCO)

Headquartered in Brentwood, TN, Tractor Supply Company is the largest retail farm and ranch store chain in the United States. The company focuses on recreational farmers and ranchers as well as tradesmen and small businesses. It offers a wide array of merchandise such as livestock, pet and animal products, maintenance products for agricultural and rural use, hardware and tools, lawn and garden power equipment, truck and towing products, and work apparel.

TSCO sits at a Zacks Rank #2 (Buy), holds a Value Style Score of B, and has a VGM Score of B. Compared to the Retail - Miscellaneous industry's P/E of 12.4X, shares of Tractor Supply are trading at a forward P/E of 25.9X. TSCO also has a PEG Ratio of 3.5, a Price/Cash Flow ratio of 19.3X, and a Price/Sales ratio of 2X.

A company's earnings performance is important for value investors as well. For fiscal 2024, four analysts revised their earnings estimate higher in the last 60 days for TSCO, while the Zacks Consensus Estimate has increased $0.05 to $10.34 per share. TSCO also holds an average earnings surprise of 2.7%.

Investors should take the time to consider TSCO for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Tractor Supply Company (TSCO): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research