5 Stocks That Will Make You Rich In 5-10 years

In this article, we will take a look at 5 stocks that will make you rich in 5-10 years. If you want to see some more of the stocks, go to 10 Stocks That Will Make You Rich In 5-10 years.

5. Tractor Supply Company (NASDAQ:TSCO)

Number of Hedge Fund Holders: 41

Tractor Supply Company (NASDAQ:TSCO) is a Brentwood, Tennessee-based provider of agriculture, home improvement, livestock, and pet care-related products through a network of retail stores.

Between 2012 and 2021, Tractor Supply Company (NASDAQ:TSCO) saw its revenue per store expand by 50% while the total number of stores rose by 85%. Furthermore, the company has also seen its dividend grow consistently over the last 13 years. The stock’s annual forward dividend yield stands at 1.78% as of November 8. Analysts believe that Tractor Supply Company (NASDAQ:TSCO) can be termed as one of the best long-term stocks due to the company’s quality of operations and the successful execution of targets.

In a research note issued on August 19, Brian Nagel at Oppenheimer gave Tractor Supply Company (NASDAQ:TSCO) stock an Outperform rating with a target price of $270. The proposed target price reflects a potential upside of over 37% from the closing price as of November 8. The analyst believes that the short-term weakness in share price gives an attractive opportunity to go long on Tractor Supply Company (NASDAQ:TSCO).

Wedgewood Partners shared its outlook on Tractor Supply Company (NASDAQ:TSCO) in its Q4 2021 investor letter. Here’s what the firm said:

“Tractor Supply contributed favorably to performance during the quarter. Demand from the Company’s niche, affluent rural customer base continues to surge in a post-COVID world with comparable store sales running over +40% higher compared to pre-pandemic (2019) levels. Tractor Supply is seeing growth across all channels, from its website to e-commerce that is fulfilled by its 2000-store fleet to regular in-store traffic. The Company is also managing inflation and supply chain disruptions extremely well, passing through nearly +7% of inflation on consumable goods and managing a quarterly inventory in-stock rate that was actually higher than pre-pandemic. Tractor Supply is an exceptional retailer, and we continue to hold it as a top position.”