Jim Cramer on Tractor Supply Company: "I Think You Gotta Give It Some Time"

Tractor Supply Company (NASDAQ:TSCO) is one of the stocks Jim Cramer recently talked about. During the episode, a caller asked if the stock is a buy, and Cramer replied:

“Alright, now, I’ve gotta tell you, here’s my feeling on Tractor Supply. Short term, I’m not a big fan of retail, but Hal Lawton runs that place, and he runs a tight ship. I think you gotta give it some time. It sells at 26 times earnings. I’d feel a little better if it was under the market multiple, maybe 22 times earnings. And… you know, I care about it. And… look, you read How to Make Money in Any Market, just read about the… chapter on multiples and know that I think that the multiple is too high. No reflection on Mr. Lawton, just a reflection that the stock’s a little bit up too much.”

Tractor Supply Company (NASDAQ:TSCO) is a rural lifestyle retailer that provides products for livestock, pets, home, and outdoor use.

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Disclosure: None. This article is originally published at Insider Monkey.