Tractor Supply Company Once Overvalued Has Become a Bargain


Tractor Supply has been a great growth story and has even started paying dividends since 2010. Only recently, the market was valuing Tractor Supply shares at ludicrous levels. However, since late spring of 2016 the stock price began a long dissent as it reverted to mean valuation. Therefore, what was once a great company that was overvalued has now become a great company that is attractively valued.

Short Business Description: Courtesy S&P Capital IQ.

Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.

As of January 26, 2017, it operated 1,600 retail stores in 49 states. The company operates its retail stores under the Tractor Supply Company, Del’s Feed & Farm Supply, and Petsense names. It also operates an e-commerce Website,

The company sells its products to recreational farmers, ranchers, and others, as well as tradesmen and small businesses. Tractor Supply Company was founded in 1938 and is headquartered in Brentwood, Tennessee.

Disclosure: No position at the time of writing.

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Comments (1)
No. 1-1

Excellent Presentation Chuck!

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