In a report released today, Anthony Chukumba from Loop Capital Markets maintained a Hold rating on Tractor Supply (TSCO – Research Report), with a price target of $250.00. The company’s shares closed yesterday at $265.26.
Chukumba covers the Consumer Cyclical sector, focusing on stocks such as Ulta Beauty, Dollar Tree, and Tractor Supply. According to TipRanks, Chukumba has an average return of 12.7% and a 66.40% success rate on recommended stocks.
In addition to Loop Capital Markets, Tractor Supply also received a Hold from Mizuho Securities’s David Bellinger in a report issued today. However, on the same day, Benchmark Co. maintained a Buy rating on Tractor Supply (NASDAQ: TSCO).
Based on Tractor Supply’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.66 billion and a net profit of $247.9 million. In comparison, last year the company earned a revenue of $4.01 billion and had a net profit of $270.87 million
Based on the recent corporate insider activity of 80 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on TSCO:
- Notable companies reporting before tomorrow’s open
- Tractor Supply management to meet with Telsey Advisory
- Tractor Supply price target raised to $275 from $250 at Telsey Advisory
- Tractor Supply price target raised to $234 from $192 at Barclays
- Boot Barn price target raised to $110 from $94 at Piper Sandler
