Goldman Sachs Comments On Tractor Supply Company Valuation

According to Goldman Sachs, Tractor Supply Company TSCO are lifted on greater confidence in the firm's ability to effectively cycle difficult sales compares and on potential for greater gross margin rate expansion. Goldman Sachs said that on sales, the company recently lapped nicely the introduction of branded feed product, a product category which is providing a sustained tailwind. “On the margin front, we see greater potential for gross margin rate expansion in 2012, when we expect the benefits of price optimization to kick in, given initial positive feedback from testing efforts and based on improvements seen by other companies using similar software.” Tractor Supply Company closed yesterday at $61.23.