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Tractor Supply (TSCO) Received its Third Buy in a Row

After Goldman Sachs and Truist Financial gave Tractor Supply (NASDAQ: TSCO) a Buy rating last month, the company received another Buy, this time from Raymond James. Analyst Bobby Griffin maintained a Buy rating on Tractor Supply today and set a price target of $245.00. The company’s shares closed last Friday at $194.80.

According to TipRanks.com, Griffin is a 5-star analyst with an average return of 19.5% and a 58.2% success rate. Griffin covers the Consumer Goods sector, focusing on stocks such as La-Z-Boy Incorporated, Advance Auto Parts, and Leggett & Platt.

Currently, the analyst consensus on Tractor Supply is a Strong Buy with an average price target of $236.42, representing a 18.8% upside. In a report issued on July 13, Wells Fargo also maintained a Buy rating on the stock with a $265.00 price target.

See today’s best-performing stocks on TipRanks >>

The company has a one-year high of $241.54 and a one-year low of $166.49. Currently, Tractor Supply has an average volume of 1.25M.

Based on the recent corporate insider activity of 65 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.

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 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:

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