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Tractor Supply shares drop 36% YTD, now 21% undervalued; strong non-pet sales and dividends support buy rating.

Analyst Insights
21 May 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Tractor Supply Company (TSCO) shares have fallen over 36% year-to-date, trading 21% below their intrinsic value. The decline is mainly due to weakness in the pet segment, linked to fewer dog owners and product mix challenges. However, the company's 75% non-pet sales, growing store network, exclusive brands, and strong loyalty program support steady growth and margin resilience. Investors benefit from a 3.08% dividend yield and ongoing share buybacks, making TSCO a buy despite short-term headwinds.

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