Tractor Supply Co. (TSCO) - Bull of the Day
February 12 2012 - 7:00PM
Zacks
Tractor Supply Co.'s (TSCO) fourth-quarter 2011 earnings of
$0.96 per share beat the Zacks Consensus Estimate of $0.92 and
surged 43.3% from the prior-period earnings on the heels of strong
same-store sales, improved merchandise mix and prudent inventory
management.
On the back of perked-up results and brighter sales trends, the
company is expecting earnings in the range of $3.38 to $3.46 per
share for fiscal 2012, reflecting year-over-year growth of 12% -
15%. Moreover, the company has set a long-term target of generating
25% of sales from private label brands and 13% from strategic
direct sourcing.
The economy is showing signs of stability in the housing market
as consumer spending on small projects are witnessing considerable
growth. Currently, we are maintaining a long-term Outperform
recommendation on the stock.
TRACTOR SUPPLY (TSCO): Free Stock Analysis Report
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