Oppenheimer Maintains a 'Perform' on Tractor Supply Company (TSCO); Solid Tone From Senior Management

September 7, 2012 9:58 AM EDT
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Price: $35.44 +2.07%

Rating Summary:
    25 Buy, 18 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 13 | Down: 9 | New: 24
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Oppenheimer maintains a 'Perform' on Tractor Supply Company (NASDAQ: TSCO).

Analyst, Brian Nagel, said, "On Thurs., Sept. 6, we traveled with Tractor Supply senior management, including the company's CEO and COO. TSCO does not discuss business trends intra-quarter. The tone of management remains very upbeat. Over the past several years TSCO has defined itself as one of the best run and most consistent unit growth stories in the Retail sector. We remain optimistic that trends at TSCO are poised to stay solid for at least the next few quarters. TSCO continues to successfully open new locations and is aggressively expanding its footprint into new geographies across the country. Margin opportunities abound for TSCO, in our view. Management remains keenly focused on cost controls and cash generation. Our Perform rating on shares reflects only valuation."

For an analyst ratings summary and ratings history on Tractor Supply Company click here. For more ratings news on Tractor Supply Company click here.

Shares of Tractor Supply Company closed at $100.88 yesterday.


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