Is Tractor Supply (TSCO) Cheap As Weaker Guidance Clouds Its Valuation?

Tractor Supply (TSCO) is back in focus after underwhelming second quarter results, softer comparable store sales, and a lowered full year earnings outlook. This combination has clearly dented investor confidence. Tractor Supply’s share price has slid in the short term, with a 1-day share price return of down 2.36%, a 7-day share price return of down 6.40%, and a 30-day share price return of down 7.81%, even though the 90-day share price return is up 11.03% from earlier lows. At the current...