Evercore ISI Sticks to Their Buy Rating for Tractor Supply (TSCO)

In a report released today, Oliver Wintermantel from Evercore ISI maintained a Buy rating on Tractor Supply, with a price target of $60.00.

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Wintermantel covers the Consumer Cyclical sector, focusing on stocks such as Williams-Sonoma, Tractor Supply, and Petco Health and Wellness Company. According to TipRanks, Wintermantel has an average return of 35.2% and a 78.26% success rate on recommended stocks.

In addition to Evercore ISI, Tractor Supply also received a Buy from TipRanks – PerPlexity’s PerPlexity Specialty Retail in a report issued on February 12. However, on the same day, TipRanks – xAI reiterated a Hold 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 $3.9 billion and a net profit of $227.41 million. In comparison, last year the company earned a revenue of $3.77 billion and had a net profit of $236.41 million

Based on the recent corporate insider activity of 70 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. Earlier this month, Jonathan S Estep, the EVP Chief Merchandise Officer of TSCO sold 59,745.00 shares for a total of $3,228,022.35.