The shares of
Tractor Supply Company
) reached a new high of $117.75 on Tuesday, Jun 18. This farm and
ranch store chain retailer eventually closed at $117.61, up 1.8%
from the previous day's session and generated a year-to-date
return of roughly 28.1%. The company currently trades at a
forward P/E of 26.5x, a 30.5% premium to the industry average of
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An impressive record of posting strong quarterly earnings, a
solid financial position, sustained focus on maximizing
productivity as well as initiatives to expand its brand
portfolio, are the major attributes that pushed the shares of
Tractor Supply to a new high. Average volume of shares traded
over the last 3 months stands at approximately 536K.
If we look at the company's earnings surprise history, this Zacks
Rank #3 (Hold) stock has outperformed the Zacks Consensus
Estimate in 19 of the past 20 quarters, the only exception being
the last quarter where the company posted earnings which came in
line with the Zacks Consensus Estimate. The average surprise for
the past 20 quarters stands at 14.0%.
Tractor Supply posted strong first-quarter 2013 results on the
back of robust top-line performance and improved margins. It
declared results on Apr 24, 2013, wherein earnings of 62 cents
per share surged nearly 12.7% year over year and were in line
with the Zacks Consensus Estimate.
Tractor Supply's total sales grew 6.4% to $1,085.8 million in the
quarter from $1,020.4 million in the year-ago period, but missed
the Zacks Consensus Estimate of $1,098 million. Additionally,
comparable-store sales (comps) for the quarter climbed 0.5%.
Tractor Supply reiterated its 2013 net sales guidance, projecting
sales in the range of $5.07 billion - $5.17 billion, with comps
expected to improve 3%−5%. The company anticipates 2013 earnings
in the range of $4.32 − $4.40 per share, including an estimated
cost of 6 cents to 7 cents per share related to relocation of its
distribution center in the Southeast and its corporate data
Besides Tractor Supply, companies such as
V. F. Corporation
) achieved new 52-week highs of $35.56, $190.80 and $126.27,
respectively, on Tuesday, Jun 18.