Loop Capital maintains Hold rating on Tractor Supply Co.

Loop Capital is maintaining its Hold rating on retailer Tractor Supply Company (TSCO), as well as its price target of $250 per share. Yahoo Finance's Market Domination team breaks down the note from Loop Capital Markets Managing Director Anthony Chukumba.

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This post was written by Luke Carberry Mogan.

Video transcript

All right.

Well, let's get to some calls of the day here.

Loop Capital.

Maintaining a hold rating on tractor supply The price target of 250.

You could see shares under some pressure there.

Julie.

This is coming from, of course, Anthony Cumba.

We like Anthony.

We know Anthony.

Smart guy looks like a couple of concerns for Anthony one.

He calls out this sort of wideness pricing gap versus rivals that it is, on average, 8.5% more expensive, compared with 6.7% more expensive in March.

And it sounds like what he's saying in and of itself.

He wouldn't be terribly worked up about that, but given the move in stock trading and, he says, is a significant premium, you know what, given all that, he still Luke warm?

Yes, um, And by the way, tractor supply.

The the stock chart over the past few years has been pretty.

The five year chart, I think, is something like 100 and 50% gain.

They've opened a lot of new new locations during the pandemic.

Everyone became a gardener, right or moved to the suburbs, and I love looking at this price survey and the different items in it.

From the Vapo rust rust remover to, um, uh, the loose fit mock neck vest to the pro commercial pro sprayer and various types of dog.

Uh, sounds like a market domination out field trip.

I mean, I love these.

I love these kind of stores, but, you know, you gotta you gotta know your customer.

It was known sort of as a premium experience within this farm.

You know, gentleman, farmer kind of cohort.

Um, but, you know, in this environment, that's perhaps a little bit less tenable than it was for a while.

Bloomberg noting, by the way, the company is speaking at Baird's Tech and Servicing conference tomorrow.

So who knows?

Maybe it's some more tractor news.

At that point, I look forward to it.