Tractor Supply Stock Hits New 52-Week High (TSCO)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Tractor Supply (Nasdaq: TSCO) hit a new 52-week high Tuesday as it is currently trading at $116.03, above its previous 52-week high of $115.96 with 25,464 shares traded as of 10:05 a.m. ET. Average volume has been 543,200 shares over the past 30 days.

Tractor Supply has a market cap of $8 billion and is part of the services sector and specialty retail industry. Shares are up 30.7% year to date as of the close of trading on Monday.

Tractor Supply Company operates retail farm and ranch stores in the United States. The company has a P/E ratio of 29.6, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Tractor Supply as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, notable return on equity, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. 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.

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