Tractor Supply Company (TSCO) Enters New Milestone Partnership With Professional Bull Riders
Category: Tractor Supply Company (TSCO)
Date: 19 July 2021 Stock price of Tractor Supply Company: $189 Market Capital of Tractor Supply Company: $21.8 billion We take a look at the press announcement from Tractor Supply Company in which the group announced a new partnership with professional bull riders. brings together two of the largest brands in their respective industries, features a robust multi-channel marketing plan. It includes a Tractor Supply-branded TV broadcast set, CBS television integrations and commercials, enhanced digital media experiences, local store activations across the country and custom content incorporating Tractor Supply and PBR rider talent
|
Tractor Supply customers are some of Professional Bull Riding’s biggest fans, and a partnership with PBR presents an ideal opportunity to support our customers and their passions - Christi Korzekwa, Senior Vice President, Marketing, at Tractor Supply"
More About Tractor Supply Company (TSCO)
Tractor Supply Company (NASDAQ: TSCO), 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 42,000 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 December 26, 2020, the Company operated 1,923 Tractor Supply stores in 49 states and an e-commerce website at www.TractorSupply.com.
Tractor Supply Company also owns and operates Petsense, a small-box pet specialty supply retailer focused on meeting the needs of pet owners, primarily in small and mid-size communities, and offering a variety of pet products and services. At December 26, 2020, the Company operated 182 Petsense stores in 25 states
Tractor Supply Company also owns and operates Petsense, a small-box pet specialty supply retailer focused on meeting the needs of pet owners, primarily in small and mid-size communities, and offering a variety of pet products and services. At March 27, 2021, the Company operated 177 Petsense stores in 23 states
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 42,000 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 December 26, 2020, the Company operated 1,923 Tractor Supply stores in 49 states and an e-commerce website at www.TractorSupply.com.
Tractor Supply Company also owns and operates Petsense, a small-box pet specialty supply retailer focused on meeting the needs of pet owners, primarily in small and mid-size communities, and offering a variety of pet products and services. At December 26, 2020, the Company operated 182 Petsense stores in 25 states
Tractor Supply Company also owns and operates Petsense, a small-box pet specialty supply retailer focused on meeting the needs of pet owners, primarily in small and mid-size communities, and offering a variety of pet products and services. At March 27, 2021, the Company operated 177 Petsense stores in 23 states
Overview of Tractor Supply Corporation 4th quarter 2020 earnings report
RENTWOOD, Tenn.--(BUSINESS WIRE)-- Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, today announced a multi-year agreement to be the official “Life Out Here” partner for Professional Bull Riders (PBR), the world’s leading bull riding organization. The partnership, which brings together two of the largest brands in their respective industries, features a robust multi-channel marketing plan. It includes a Tractor Supply-branded TV broadcast set, CBS television integrations and commercials, enhanced digital media experiences, local store activations across the country and custom content incorporating Tractor Supply and PBR rider talent.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210716005072/en/
For the first time ever, the PBR broadcast desk on CBS will transform from a set within the arena to a Tractor Supply-branded, open-air broadcast booth featuring both brands and enabling fan engagement during the pre-show broadcast. Tractor Supply will also have exclusive branding with the in-arena broadcast booth as announcers provide dirt-side commentary, conduct rider interviews and capture the excitement of the competition.
“Tractor Supply customers are some of Professional Bull Riding’s biggest fans, and a partnership with PBR presents an ideal opportunity to support our customers and their passions,” said Christi Korzekwa, Senior Vice President, Marketing, at Tractor Supply. “Professional bull riding is an exciting, dynamic and rapidly growing sport, attracting many fans who live and love Life Out Here. We are very excited about our partnership with PBR and the potential it also brings to attract new customers to Tractor Supply while bringing more PBR action to our local communities.”
Tractor Supply will have a flagship presence at the league’s top U.S. tours — the PBR Unleash The Beast tour and PBR Pendleton Whisky Velocity Tour — with local store activations corresponding to these tour events. Tractor Supply will also be a key partner at the PBR Global Cup, a five-country tournament considered to be the “Olympics” of bull riding. Additionally, PBR will produce and distribute a custom content series for Tractor Supply on its media channels.
“PBR is thrilled to welcome Tractor Supply as one of the largest partners in our sport across multiple tours, PBR Global Cup and our CBS television broadcasts,” said Sean Gleason, Commissioner and CEO, PBR. “We’re especially excited about the new look and enhancements Tractor Supply will bring to PBR on CBS, along with the nationwide visibility our sport will gain in being integrated into many of the Tractor Supply retail channels.”
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210716005072/en/
For the first time ever, the PBR broadcast desk on CBS will transform from a set within the arena to a Tractor Supply-branded, open-air broadcast booth featuring both brands and enabling fan engagement during the pre-show broadcast. Tractor Supply will also have exclusive branding with the in-arena broadcast booth as announcers provide dirt-side commentary, conduct rider interviews and capture the excitement of the competition.
“Tractor Supply customers are some of Professional Bull Riding’s biggest fans, and a partnership with PBR presents an ideal opportunity to support our customers and their passions,” said Christi Korzekwa, Senior Vice President, Marketing, at Tractor Supply. “Professional bull riding is an exciting, dynamic and rapidly growing sport, attracting many fans who live and love Life Out Here. We are very excited about our partnership with PBR and the potential it also brings to attract new customers to Tractor Supply while bringing more PBR action to our local communities.”
Tractor Supply will have a flagship presence at the league’s top U.S. tours — the PBR Unleash The Beast tour and PBR Pendleton Whisky Velocity Tour — with local store activations corresponding to these tour events. Tractor Supply will also be a key partner at the PBR Global Cup, a five-country tournament considered to be the “Olympics” of bull riding. Additionally, PBR will produce and distribute a custom content series for Tractor Supply on its media channels.
“PBR is thrilled to welcome Tractor Supply as one of the largest partners in our sport across multiple tours, PBR Global Cup and our CBS television broadcasts,” said Sean Gleason, Commissioner and CEO, PBR. “We’re especially excited about the new look and enhancements Tractor Supply will bring to PBR on CBS, along with the nationwide visibility our sport will gain in being integrated into many of the Tractor Supply retail channels.”
Tractor Supply Company management commentary on their 4th quarter 2020 earnings report
BRENTWOOD, Tenn.--(BUSINESS WIRE)-- Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, today announced financial results for its fourth quarter and fiscal year ended December 26, 2020.
“We are incredibly proud of all the Tractor Supply team achieved in 2020 including record sales and operating performance for the year. My thanks and appreciation go out to the team for their support of each other, our customers and our longstanding commitment to the rural lifestyle. Our team remained agile in a challenging operating environment as we experienced unprecedented demand and welcomed a record number of new and reengaged customers to Tractor Supply,” said Hal Lawton, Tractor Supply’s President and Chief Executive Officer. “The team has done an exemplary job operating the business at elevated rates in the midst of a global pandemic, all while laying the foundation for our Life Out Here Strategy. Going forward, we believe our resilient business model with a differentiated and loyal customer base, our strategic investments to capture growth opportunities and the strength of our balance sheet position us to capitalize on the momentum in our business in 2021 and beyond.”
Lawton continued, “The 30% increase in our quarterly dividend by the Board of Directors and our recently resumed share repurchase program reflect our strong earnings performance and robust cash flows in 2020 and confidence in our business, as well as our ongoing commitment to total shareholder return.”
“We are incredibly proud of all the Tractor Supply team achieved in 2020 including record sales and operating performance for the year. My thanks and appreciation go out to the team for their support of each other, our customers and our longstanding commitment to the rural lifestyle. Our team remained agile in a challenging operating environment as we experienced unprecedented demand and welcomed a record number of new and reengaged customers to Tractor Supply,” said Hal Lawton, Tractor Supply’s President and Chief Executive Officer. “The team has done an exemplary job operating the business at elevated rates in the midst of a global pandemic, all while laying the foundation for our Life Out Here Strategy. Going forward, we believe our resilient business model with a differentiated and loyal customer base, our strategic investments to capture growth opportunities and the strength of our balance sheet position us to capitalize on the momentum in our business in 2021 and beyond.”
Lawton continued, “The 30% increase in our quarterly dividend by the Board of Directors and our recently resumed share repurchase program reflect our strong earnings performance and robust cash flows in 2020 and confidence in our business, as well as our ongoing commitment to total shareholder return.”
Tractor Supply Company (TSCO) stock price chart the last 5 years
The image below shows the stock price history of Tractor Supply Company (TSCO) over the last 5 years. And its been a good time for Tractor Supply Company stockholders with the stock increasing sharply by 119.2% over the last 5 years.
The stock of Tractor Supply Company is trading at closer to its 52 week high than it is to its 52 week low which is a clear indication that the short term sentiment and momentum of Tractor Supply Company stock is positive at this point in time.
The stock of Tractor Supply Company is trading at closer to its 52 week high than it is to its 52 week low which is a clear indication that the short term sentiment and momentum of Tractor Supply Company stock is positive at this point in time.
Tractor Supply Company (TSCO) stock vs Walmart (WMT) stock over the last 5 years
The image below shows the stock price performance of Tractor Supply Company (TSCO) and Walmart (WMT). One is the largest retailer in the world and the other the largest rural lifestyle retailer in the world. The summary below shows the stock price returns of these two firms over the last 5 years.
Tractor Supply Company stock has easily outperformed that of Walmart over the last 5 years
- Tractor Supply Company: 119.2%
- Walmart: 91.8%
Tractor Supply Company stock has easily outperformed that of Walmart over the last 5 years
Latest stock valuation of Tractor Supply Company (TSCO)
So what is Tractor Supply Company (TSCO) stock worth based on their 4th quarter 2020 earnings report? Based on their earnings report our valuation model provides a target price (full value price) for Tractor Supply Company at $132.40 a stock.
We therefore believe the stock of Tractor Supply Company is slightly overvalued at its current price of $141.70
We usually recommend long term fundamental or value investors look to enter a stock at least 10% below our target price (full value price), which in this case is $132.40, thus a good entry point into Tractor Supply Company would be at $119.20 or below.
We expect the stock of Tractor Supply Company to pull back slightly from current levels in coming weeks and months to levels closer to our target price (full value price), as their stock is price is slightly overvalued. As its trading at pretty close to our target price we rate the stock of Tractor Supply Company as hold.
We therefore believe the stock of Tractor Supply Company is slightly overvalued at its current price of $141.70
We usually recommend long term fundamental or value investors look to enter a stock at least 10% below our target price (full value price), which in this case is $132.40, thus a good entry point into Tractor Supply Company would be at $119.20 or below.
We expect the stock of Tractor Supply Company to pull back slightly from current levels in coming weeks and months to levels closer to our target price (full value price), as their stock is price is slightly overvalued. As its trading at pretty close to our target price we rate the stock of Tractor Supply Company as hold.
Next earnings release of Tractor Supply Company (TSCO)
It is expected that Tractor Supply Company (TSCO) will release their 1st quarter 2021 earnings report in late April 2021
Related Topics