13 Best Farmland and Agriculture Stocks To Invest In According to Hedge Funds

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10. Tractor Supply Company (NASDAQ:TSCO)

Number of Hedge Fund Holders: 29

Tractor Supply Company (NASDAQ:TSCO) is an American farm supplies company and the largest rural lifestyle retailer in the US. The company offers agriculture, lawn and garden maintenance, home improvement, livestock, equine, and pet care equipment and supplies. Tractor Supply Company (NASDAQ:TSCO) ranks among the best farmland and agriculture stocks to invest in according to hedge funds.

In the third-quarter financial results for 2024, which ended on September 28, Tractor Supply Company (NASDAQ:TSCO) reported net sales of $3.47 billion, reflecting a modest increase of 1.6%. This growth was primarily driven by the opening of 16 new stores during the quarter. Additionally, gross profit rose by 3.2% to $1.29 billion, with gross margins improving to 37.2% due to lower transportation costs and effective product cost management.

Despite a challenging retail environment, Tractor Supply Company (NASDAQ:TSCO) is advancing its Life Out Here strategy and focusing on enhancing customer loyalty and expanding market share. The company has invested significantly in its store layouts, with nearly 50% of its locations now featuring the Project Fusion design and over 550 garden centers. These investments are expected to yield long-term growth and improve customer engagement.

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