Truist Financial analyst Scot Ciccarelli maintained a Buy rating on Tractor Supply (TSCO – Research Report) today. The company’s shares closed yesterday at $247.35.
Ciccarelli covers the Consumer Cyclical sector, focusing on stocks such as Home Depot, Lowe’s, and Advance Auto Parts. According to TipRanks, Ciccarelli has an average return of 18.4% and a 71.72% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tractor Supply with a $245.42 average price target, implying a -0.78% downside from current levels. In a report released yesterday, Robert W. Baird also maintained a Buy rating on the stock with a $260.00 price target.
TSCO market cap is currently $26.69B and has a P/E ratio of 24.52.
Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TSCO in relation to earlier this year. Last month, Colin Yankee, the EVP Chief Supply Chain Officer of TSCO sold 8,675.00 shares for a total of $2,168,750.00.
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Tractor Supply (TSCO) Company Description:
Tractor Supply Co. engages in the retail sale of farm and ranch products. It operates retail farm & ranch stores and focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. The firm operates the retail stores under the names: Tractor Supply Company, Del’s Feed & Farm Supply, and Petsense. Its product categories includes equine, livestock, pet, and small animal; hardware, truck, towing, and tool; heating, lawn and garden items, power equipment, gifts, and toys; recreational clothing and footwear; and maintenance products for agricultural and rural use. The company was founded by Charles E. Schmidt, Sr. in 1938 and is headquartered in Brentwood, TN.
