William Blair Reiterates ‘Outperform’ Rating for Tractor Supply Company (TSCO)

William Blair & Company has reiterated its ‘Outperform’ rating for Tractor Supply Company TSCO. Using its proprietary Tractor Supply Weather Gauge, William Blair & Company has concluded that the company had favorable weather conditions in April and May. The company management also stated that the second quarter was off to a strong start. The report has further said that Tractor Supply Company (TSCO) generally faces more difficult weather comparisons in May. However, with favorable weather continuing in May, the company is likely to maintain its strong sales trend. William Blair has also raised its second-quarter comp estimates for Tractor Supply Company to 3.5% from 3.0%. It also has increased EPS estimate from $1.64 to $1.68