Deutsche Bank Reiterates a 'Buy' on Tractor Supply Company (TSCO); Positive Take-Aways From Investor Conference
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Price: $35.83 -0.94%
Rating Summary:
25 Buy, 18 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
25 Buy, 18 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Deutsche Bank reiterates a 'Buy' on Tractor Supply Company (NASDAQ: TSCO), PT $70.
Deutsche analyst says, "Management from TSCO participated in our recent 1-on-1 Retail conference, and we believe the take-aways from the meetings were positive. Specifically, we believe near-term estimates are safe as management commented that it had recently re-affirmed FY11 guidance, and believe that there is plenty of runway on the various gross margin initiatives. We reiterate our rating, based on above average square footage and EPS growth, and its role as the industry consolidator."
"While management does not provide specific quarterly guidance, TSCO did re-affirm its FY11 guidance at an investor conference several weeks ago, and reiterated as such during our conference. Comps are expected to range between 2% - 4% in 2Q11 – 4Q11, and we are forecasting 4% comps for 2Q11. We are in line with the Street at $1.19 in EPS."
For more ratings news on Tractor Supply Company click here and for the rating history of Tractor Supply Company click here.
Shares of Tractor Supply Company closed at $61.86 yesterday.
Deutsche analyst says, "Management from TSCO participated in our recent 1-on-1 Retail conference, and we believe the take-aways from the meetings were positive. Specifically, we believe near-term estimates are safe as management commented that it had recently re-affirmed FY11 guidance, and believe that there is plenty of runway on the various gross margin initiatives. We reiterate our rating, based on above average square footage and EPS growth, and its role as the industry consolidator."
"While management does not provide specific quarterly guidance, TSCO did re-affirm its FY11 guidance at an investor conference several weeks ago, and reiterated as such during our conference. Comps are expected to range between 2% - 4% in 2Q11 – 4Q11, and we are forecasting 4% comps for 2Q11. We are in line with the Street at $1.19 in EPS."
For more ratings news on Tractor Supply Company click here and for the rating history of Tractor Supply Company click here.
Shares of Tractor Supply Company closed at $61.86 yesterday.
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