Tractor Supply Company, the largest rural lifestyle retailer in the United States, has been passionate about serving its unique niche, as a one-stop shop for recreational farmers, ranchers and all those who enjoy living the rural lifestyle, for more than 80 years. Tractor Supply offers an extensive mix of products necessary to care for home, land, pets and animals with a focus on product localization, exclusive brands and legendary customer service that addresses the needs of the Out Here lifestyle. With more than 40,000 Team Members, the Company leverages its physical store assets with digital capabilities to offer customers the convenience of purchasing products they need anytime, anywhere and any way they choose at the everyday low prices they deserve. At September 26, 2020, the Company operated 1,904 Tractor Supply stores in 49 states.
Company profile
Ticker
TSCO
Exchange
Website
CEO
Harry Lawton
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Sherwin-Williams • Fastenal • iPower • AeroGrow International • GrowGeneration • Bally • Compressco • SMG Growing Media ...
SEC CIK
Corporate docs
Subsidiaries
Dels Farm Supply, LLC • TSC Purchasing LLC • TSC Franklin DC, LLC • TSC SSC Bond, LLC • Petsense LLC • TSC Navarre DC, LLC ...
IRS number
133139732
TSCO stock data
News
Benzinga's Top Ratings Upgrades, Downgrades For July 28, 2022
28 Jul 22
MKM Partners Initiates Coverage On Tractor Supply with Buy Rating, Announces Price Target of $230
28 Jul 22
Raymond James Maintains Strong Buy Rating for Tractor Supply: Here's What You Need To Know
22 Jul 22
What 6 Analyst Ratings Have To Say About Tractor Supply
22 Jul 22
Truist Securities Maintains Buy on Tractor Supply, Raises Price Target to $252
22 Jul 22
Press releases
Tractor Supply Invites Community and Vendors to Nationwide Farmers Market
10 Aug 22
Tractor Supply Company Declares Quarterly Dividend
4 Aug 22
Tractor Supply Announces Sweepstakes for VIP Experience at PBR Teams Series Championship
3 Aug 22
Tractor Supply Company Foundation Makes $300,000 Commitment to Support Conservation Efforts
28 Jul 22
Tractor Supply Company Reports Record Second Quarter 2022 Financial Results; Raises Fiscal 2022 Financial Outlook
21 Jul 22
Analyst ratings and price targets
Current price
Average target
$238.80
Low target
$207.00
High target
$260.00
MKM Partners
Initiated
$230.00
Truist Securities
Maintains
$252.00
Raymond James
Maintains
$245.00
Goldman Sachs
Maintains
$207.00
B of A Securities
Upgraded
$260.00
Calendar
4 Aug 22
12 Aug 22
28 Dec 22
Financial summary
| Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
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| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 530.82M | 530.82M | 530.82M | 530.82M | 530.82M | 530.82M |
| Cash burn (monthly) | (no burn) | 73.43M | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 116.86M | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | 413.96M | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 5.6 | n/a | n/a | n/a | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 4 Aug 22 | Melissa Kersey | Common stock | Payment of exercise | Dispose F | No | No | 190.55 | 70 | 13.34K | 4,573 |
| 4 Aug 22 | Kimberley S. Gardiner | Common stock | Grant | Acquire A | No | No | 0 | 1,231 | 0 | 1,231 |
| 4 Aug 22 | Kimberley S. Gardiner | Employee stock option Common stock | Grant | Acquire A | No | No | 190.92 | 2,642 | 504.41K | 2,642 |
| 1 Jul 22 | Kingsbury Thomas | Common stock | Grant | Acquire A | No | No | 193.85 | 136 | 26.36K | 6,737 |
| 1 Jul 22 | Krishnan Ramkumar | Common stock | Grant | Acquire A | No | No | 193.85 | 122 | 23.65K | 8,860 |
Institutional ownership, Q1 2022
| 13F holders | Current |
|---|---|
| Total holders | 998 |
| Opened positions | 117 |
| Closed positions | 104 |
| Increased positions | 343 |
| Reduced positions | 359 |
| 13F shares | Current |
|---|---|
| Total value | 21.31B |
| Total shares | 91.35M |
| Total puts | 411.6K |
| Total calls | 590.8K |
| Total put/call ratio | 0.7 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 12.83M | $2.99B |
| BLK Blackrock | 11.11M | $2.59B |
| STT State Street | 4.86M | $1.13B |
| Clearbridge Advisors | 2.9M | $675.67M |
| Geode Capital Management | 2.27M | $529.15M |
| Select Equity | 2.19M | $512.06M |
| IVZ Invesco | 2.07M | $482.89M |
| 1832 Asset Management | 1.76M | $404.08M |
| BAC Bank Of America | 1.59M | $371.09M |
| TROW T. Rowe Price | 1.45M | $337.63M |
Financial report summary
?Management Discussion
- Net sales for the second quarter of fiscal 2022 increased 8.4% to $3.90 billion from $3.60 billion for the second quarter of fiscal 2021. Comparable store sales for the second quarter of fiscal 2022 were $3.82 billion, a 5.5% increase as compared to the second quarter of fiscal 2021. In the second quarter of fiscal 2021, net sales increased 13.4% and comparable store sales increased 10.5%.
- The comparable store sales results for the second quarter of fiscal 2022 included an increase in comparable average transaction value of 7.5% and a decrease in comparable average transaction count of 2.0%, each as compared to the second quarter of fiscal 2021. Comparable store sales growth reflects continued strength in everyday, needs-based merchandise, including consumable, usable and edible (“C.U.E.”) products and year-round product categories. The comparable store sales in the prior year benefited from government stimulus and ideal weather for the spring and summer sales seasons.
- In addition to comparable store sales growth for the second quarter of fiscal 2022, sales from stores open less than one year were $86.9 million for the second quarter of fiscal 2022, which represented 2.4 percentage points of the 8.4% increase over second quarter fiscal 2021 net sales. For the second quarter of fiscal 2021, sales from stores open less than one year were $101.0 million, which represented 3.2 percentage points of the 13.4% increase over second quarter fiscal 2020 net sales.
Content analysis
?| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. sophomore Avg
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New words:
began, elevated, forecasted, ideal, personnel, rounding, whichever
Removed:
alleged, breached, case, claim, cleaning, closely, community, compensatory, complaint, consisted, continuing, Court, created, defendant, derivative, determination, difficult, disgorgement, District, economy, encouraging, enhanced, equipment, feet, fiduciary, filed, final, Fire, functionality, governing, health, hiring, incremental, individual, investment, lawsuit, light, loyalty, maintaining, middle, misrepresenting, monitor, moved, nominal, October, personal, plaintiff, Police, Pontiac, promote, promoting, protective, proxy, punitive, purportedly, relief, remote, restitution, Retirement, robust, safety, sanitation, section, seeking, sick, square, stockholder, Tennessee, unspecified, vaccination, violated
Financial reports
Current reports
8-K
Tractor Supply Company Declares Quarterly Dividend
4 Aug 22
8-K
Results of Operations and Financial Condition
21 Jul 22
8-K
Tractor Supply Company Appoints Andre Hawaux to Its
5 Jul 22
8-K
Tractor Supply on Track to Deliver Record Second Quarter 2022 Financial Results
6 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
12 May 22
8-K
Tractor Supply Company Declares Quarterly Dividend
11 May 22
8-K
Results of Operations and Financial Condition
21 Apr 22
8-K
Results of Operations and Financial Condition
27 Jan 22
8-K
Tractor Supply Company Declares Quarterly Dividend
4 Nov 21
8-K
Tractor Supply Company Reports Record Third Quarter 2021
21 Oct 21
Registration and prospectus
424B5
Prospectus supplement for primary offering
28 Oct 20
FWP
Free writing prospectus
27 Oct 20
424B5
Prospectus supplement for primary offering
27 Oct 20
S-3ASR
Automatic shelf registration
22 Oct 20
S-8
Registration of securities for employees
5 Jun 18
S-3/A
Shelf registration (amended)
28 Feb 12
S-8 POS
Registration of securities for employees (post-effective amendment)
28 Feb 12
S-8 POS
Registration of securities for employees (post-effective amendment)
28 Feb 12
S-8 POS
Registration of securities for employees (post-effective amendment)
28 Feb 12
S-8 POS
Registration of securities for employees (post-effective amendment)
28 Feb 12
Proxies
PX14A6G
Letter to shareholders
7 Apr 22
DEFA14A
Additional proxy soliciting materials
28 Mar 22
PX14A6G
Letter to shareholders
26 Apr 21
DEFA14A
Additional proxy soliciting materials
25 Mar 21
DEFA14A
Additional proxy soliciting materials
23 Mar 20
DEF 14A
Definitive proxy
23 Mar 20
PRE 14A
Preliminary proxy
13 Mar 20
DEFA14A
Additional proxy soliciting materials
25 Mar 19
Other
SD
Conflict minerals disclosure
25 May 22
SD
Conflict minerals disclosure
28 May 21
UPLOAD
Letter from SEC
4 Jan 21
CORRESP
Correspondence with SEC
22 Dec 20
UPLOAD
Letter from SEC
14 Dec 20
SD
Conflict minerals disclosure
28 May 20
SD
Conflict minerals disclosure
22 May 19
SD
Conflict minerals disclosure
30 May 18
SD
Conflict minerals disclosure
24 May 17
SD
Conflict minerals disclosure
26 May 16
Ownership
4
TRACTOR SUPPLY / Kimberley S. Gardiner ownership change
5 Aug 22
4
TRACTOR SUPPLY / Melissa Kersey ownership change
5 Aug 22
3
TRACTOR SUPPLY / Kimberley S. Gardiner ownership change
25 Jul 22
3
TRACTOR SUPPLY / Andre J Hawaux ownership change
7 Jul 22
4
TRACTOR SUPPLY / Ramkumar Krishnan ownership change
1 Jul 22
4
TRACTOR SUPPLY / Thomas Kingsbury ownership change
1 Jul 22
4
TRACTOR SUPPLY / CYNTHIA T JAMISON ownership change
20 May 22
4
TRACTOR SUPPLY / CYNTHIA T JAMISON ownership change
13 May 22
4
TRACTOR SUPPLY / CYNTHIA T JAMISON ownership change
11 May 22
4
TRACTOR SUPPLY / Denise L Jackson ownership change
11 May 22
Transcripts
2022 Q2
Earnings call transcript
21 Jul 22
2022 Q1
Earnings call transcript
21 Apr 22
2021 Q4
Earnings call transcript
28 Jan 22
2021 Q3
Earnings call transcript
21 Oct 21
2021 Q2
Earnings call transcript
19 Jul 21
2021 Q1
Earnings call transcript
22 Apr 21
2020 Q4
Earnings call transcript
28 Jan 21
2020 Q3
Earnings call transcript
23 Oct 20
2020 Q2
Earnings call transcript
23 Jul 20
2020 Q1
Earnings call transcript
23 Apr 20
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