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7 Retail Stocks That Defied The Pandemic in 2020 - 1 of 7

#1 - Tractor Supply Company (NASDAQ:TSCO)

Tractor Supply logo

Tractor Supply Company (NASDAQ:TSCO)

It is tough to overstate how well-positioned for the pandemic Tractor Supply Company is. The first thing to keep in mind is that it operates in smaller and more rural areas with no or reduced competition from Walmart, Target, Home Depot, and Lowes. Now, consider the fact that Tractor Supply Company is the modern-day version of the old country store. The store that had (has) everything you need “for life out here” in the country. That’s what Tractor Supply Company is, and its products range from Chicken Feed to Chainsaws and everything in between.

Tractor Supply Company was a growth story before the pandemic, but now things are different. Tractor Supply Company experienced a game-changing event that has put it on the top-tier of American retailers. So I don’t leave you without any hard numbers consider this. Tractor Supply Company revenue grew more than 30.0% during the 2nd quarter of the year, the worst-hit in terms of shut-downs, and driven by a triple-digit increase in eCommerce channels. More than enough to keep the 1.0% dividend safe and ensure an 11th consecutive increase will come next year.

About Tractor Supply
Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use. Read More 

Current Price: $133.90
Consensus Rating: Hold
Ratings Breakdown: 9 Buy Ratings, 18 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $137.64 (2.8% Upside)

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