Tractor Supply Stock Outlook: Is Wall Street Bullish or Bearish?

Based in Brentwood, Tennessee, Tractor Supply Company (TSCO) is a leading rural lifestyle retailer. Valued at a market cap of $28.4 billion, the company primarily caters to the needs of recreational farmers and ranchers, pet owners, and landowners.

Shares of this farm retailer have underperformed the broader market over the past 52 weeks. TSCO has gained 23.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 27.5%. But, in 2024, things are looking up - shares of TSCO have gained 23.9%, surpassing SPX’s 17.6% rise on a YTD basis.