Tractor Supply CEO says there's still ‘significant migration' out of urban areas [CNBC]
Tractor Supply Company (TSCO)
Last tractor supply company earnings: 4/23 07:18 am
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Source: CNBC
“Rural America is alive and well and growing and really leading in many ways in this country,” Lawton said. He continued, saying that even though population outflows out of cities spiked in 2020 and 2021, they do persist. “They've continued, albeit to a lesser absolute number, but net we're still seeing significant migration out of urban America, and most of that migration, or a lot of it, is going into, into rural America.” Tractor Supply is a chain retailer that sells equipment for home improvement, such as supplies for gardening and farming. Lawton said the company has been dealing with headwinds where customers were spending more on services than goods. But he expressed optimism for the future, saying Tractor Supply can “begin to see light at the end of the tunnel now against those headwinds.” Lawton attributed some of this migration to affordable housing options, saying that Millennial buyers up against high interest rates and home prices find budget-friendly homes in rural
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TSCO
News
- Tractor Supply (NASDAQ: TSCO) had its price target raised by analysts at JPMorgan Chase & Co. from $241.00 to $263.00. They now have a "neutral" rating on the stock.MarketBeat
- Tractor Supply (NASDAQ: TSCO) had its price target raised by analysts at Telsey Advisory Group from $280.00 to $305.00. They now have an "outperform" rating on the stock.MarketBeat
- Tractor Supply Q1: Not Buying More For Now But Watching [Seeking Alpha]Seeking Alpha
- Tractor Supply Company (NASDAQ:TSCO) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio [Yahoo! Finance]Yahoo! Finance
TSCO
Earnings
- 4/25/24 - Beat
TSCO
Sec Filings
- 4/25/24 - Form 8-K
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- TSCO's page on the SEC website