Barclays Analysts Give SiteOne Landscape Supply (SITE) a $65.00 Price Target
SiteOne Landscape Supply (NYSE:SITE) received a $65.00 target price from analysts at Barclays in a research report issued to clients and investors on Monday. The firm presently has a “hold” rating on the industrial products company’s stock. Barclays’ price objective suggests a potential downside of 9.60% from the company’s previous close.
A number of other equities analysts also recently issued reports on SITE. BidaskClub raised SiteOne Landscape Supply from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 21st. Royal Bank of Canada reissued a “buy” rating and set a $63.00 price target on shares of SiteOne Landscape Supply in a research report on Monday, September 18th. UBS Group increased their price target on SiteOne Landscape Supply from $54.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. SunTrust Banks increased their price target on SiteOne Landscape Supply to $70.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Finally, Robert W. Baird increased their price target on SiteOne Landscape Supply from $58.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, November 9th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $67.50.
SiteOne Landscape Supply (NYSE:SITE) traded down $0.40 on Monday, hitting $71.90. The stock had a trading volume of 315,500 shares, compared to its average volume of 316,650. SiteOne Landscape Supply has a fifty-two week low of $35.68 and a fifty-two week high of $77.40. The company has a quick ratio of 1.21, a current ratio of 2.69 and a debt-to-equity ratio of 2.35. The company has a market cap of $2,820.00 and a P/E ratio of 67.20.
SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.14). SiteOne Landscape Supply had a return on equity of 34.53% and a net margin of 3.36%. The firm had revenue of $502.40 million for the quarter, compared to the consensus estimate of $506.28 million. During the same period in the previous year, the company posted $0.36 EPS. SiteOne Landscape Supply’s quarterly revenue was up 13.0% compared to the same quarter last year. equities analysts forecast that SiteOne Landscape Supply will post 1.23 EPS for the current fiscal year.
In related news, EVP Ross Anker sold 41,824 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $69.09, for a total transaction of $2,889,620.16. Following the completion of the sale, the executive vice president now directly owns 88,881 shares in the company, valued at approximately $6,140,788.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Joseph Ketter sold 2,500 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $71.67, for a total value of $179,175.00. Following the sale, the vice president now owns 7,716 shares of the company’s stock, valued at $553,005.72. The disclosure for this sale can be found here. Insiders have sold a total of 94,887 shares of company stock valued at $6,704,265 over the last 90 days. 4.00% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in SiteOne Landscape Supply by 58.4% in the second quarter. Vanguard Group Inc. now owns 2,618,729 shares of the industrial products company’s stock valued at $136,330,000 after buying an additional 965,336 shares during the last quarter. FMR LLC raised its stake in SiteOne Landscape Supply by 288.4% in the second quarter. FMR LLC now owns 2,017,984 shares of the industrial products company’s stock valued at $105,056,000 after buying an additional 1,498,436 shares during the last quarter. BlackRock Inc. raised its stake in SiteOne Landscape Supply by 126.1% in the second quarter. BlackRock Inc. now owns 2,013,656 shares of the industrial products company’s stock valued at $104,833,000 after buying an additional 1,123,148 shares during the last quarter. Bamco Inc. NY raised its stake in SiteOne Landscape Supply by 11.2% in the third quarter. Bamco Inc. NY now owns 1,720,722 shares of the industrial products company’s stock valued at $99,974,000 after buying an additional 172,650 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in SiteOne Landscape Supply by 2.1% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,532,262 shares of the industrial products company’s stock valued at $89,024,000 after buying an additional 32,160 shares during the last quarter.
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SiteOne Landscape Supply Company Profile
SiteOne Landscape Supply, Inc is a national wholesale distributor of landscape supplies in the United States and Canada. The Company is a supplier of irrigation, landscape lighting, hardscapes, lawn care supplies, nursery stock, and landscape accessories to green industry professionals. As of October 2, 2016, the Company had over 450 stores.
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