If You Invested $1000 In Tractor Supply Stock 20 Years Ago, How Much Would You Have Now?

Tractor Supply Company TSCO, the largest operator of retail farm and ranch stores in the United States, is set to report its Q3 2024 earnings on October 17. Wall Street analysts expect the company to post an EPS of $2.23, down from $2.33 in the year-ago period. Quarterly revenue is expected to be $3.48 billion, up from $3.41 billion in the year-ago period.

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If You Bought Tractor Supply Stock 20 Years Ago

The company's stock traded around $8.23 per share 20 years ago. If you had invested $1,000, you could have bought approximately 122 shares of Tractor Supply stock. Currently, shares are trading at $260.91, which means your investment's value could have soared to $31,702 because of stock price appreciation. But wait, the company also paid dividends during these 20 years. 

Tractor Supply’s dividend yield is currently 1.74%. Over the last twenty years, it paid around $19.72 in dividends per share, which means you could have made $2,396 from dividends alone. 

Summing up $31,702 and $2,396, we end up with the final value of your investment, which is $34,098. This is how much you could have made if you had invested $1,000 in Tractor Supply stock 20 years ago. This means a total return of 3,309.8%. In comparison, S&P 500 total return for the same period is 541.97%.

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What Could The Next 20 Years Bring? 

Based on the ratings of 26 analysts, Tractor Supply has a consensus rating of Neutral and a price target of $253. 

On July 25, Tractor Supply announced its Q2 2024 earnings results, posting earnings per share of $3.93, in line with the Street view, as reported by Benzinga. 

Second-quarter sales totaled $4.25 billion (+1.5%), which missed the analyst consensus of $4.284 billion.

Comparable store sales decreased 0.5%, as compared to an increase of 2.5% in the prior year's second quarter, driven by a comparable average transaction count decline of 0.6%.

"At the halfway point of the year, we have made significant progress on our Life Out Here strategy. We continue to create more separation between us and our competition, thanks to our Team Members and their meaningful relationships with our customers," said Hal Lawton, President and Chief Executive Officer of Tractor Supply.

Tractor Supply tightened its 2024 net sales forecast to $14.8 billion-$15 billion from the prior guidance of $14.7 billion-$15.1 billion and consensus of $14.97 billion.

Tractor Supply forecasts 2024 EPS of $10.00-$10.40 versus prior guidance of $9.85-$10.50 and consensus of $10.38.

Following the quarterly results announcement, these Wall Street analysts revised their forecasts on Tractor Supply.

In summary, income-focused investors may find Tractor Supply stock attractive, given its solid dividend yield of 1.74%. Furthermore, they can benefit from the company's consistent dividend hikes. Tractor Supply has raised its dividend consecutively for the last 15 years.

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