Tractor Supply Is Still Thriving Despite Pet Headwinds
Tractor Supply Company is currently rated a 'Buy' despite facing challenges in its pet segment. The company's shares have declined 36% year-to-date and are trading 21% below their intrinsic value. However, Tractor Supply's strong non-pet sales and expanding store footprint position it well for future growth.
- ▪Tractor Supply Company is rated a 'Buy' after a 36% year-to-date decline.
- ▪The company's shares are currently trading 21% below intrinsic value.
- ▪Pet segment weakness is attributed to declining dog ownership and product mix, but it is not seen as a long-term risk.
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