Tractor Supply Stock Gaps Up On Today's Open (TSCO)
Shares of Tractor Supply (Nasdaq:TSCO) were gapping up Thursday morning with an open price 13.2% higher than Wednesday's closing price. The stock closed at $79.05 yesterday and opened today's trading at $89.49.
NEW YORK ( TheStreet) -- Shares of Tractor Supply (Nasdaq: TSCO) were gapping up Thursday morning with an open price 13.2% higher than Wednesday's closing price. The stock closed at $79.05 Wednesday and opened today's trading at $89.49.
The average volume for Tractor Supply has been 1.2 million shares per day over the past 30 days. Tractor Supply has a market cap of $5.67 billion and is part of the services sector and specialty retail industry. Shares are up 12.7% year to date as of the close of trading on Wednesday. Tractor Supply Company operates retail farm and ranch stores in the United States. The company has a P/E ratio of 23.7, equal to the average specialty retail industry P/E ratio and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Tractor Supply as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Tractor Supply Ratings Report. Get more investment ideas from our investment research center.