SiteOne Landscape Supply, Inc. (NYSE:SITE)‘s stock had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada in a research note issued on Friday. They presently have a $63.00 target price on the industrial products company’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 23.82% from the company’s current price.
Other research analysts have also recently issued research reports about the stock. Johnson Rice began coverage on shares of SiteOne Landscape Supply in a report on Monday, May 15th. They issued an “accumulate” rating for the company. Zacks Investment Research cut shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Friday. Finally, Deutsche Bank AG restated a “buy” rating and issued a $60.00 price objective (up previously from $55.00) on shares of SiteOne Landscape Supply in a report on Thursday. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $54.50.
SiteOne Landscape Supply (SITE) opened at 50.88 on Friday. SiteOne Landscape Supply has a one year low of $26.60 and a one year high of $53.87. The company has a market capitalization of $2.02 billion, a P/E ratio of 47.55 and a beta of 1.87. The company’s 50-day moving average is $52.35 and its 200 day moving average is $47.32.
SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by $0.04. The business had revenue of $608.60 million during the quarter, compared to analyst estimates of $607.94 million. SiteOne Landscape Supply had a net margin of 2.46% and a return on equity of 27.37%. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the firm posted ($3.18) EPS. On average, equities analysts anticipate that SiteOne Landscape Supply will post $1.37 earnings per share for the current year.
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In other SiteOne Landscape Supply news, CEO Doug Black acquired 6,200 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was purchased at an average price of $50.76 per share, for a total transaction of $314,712.00. Following the completion of the acquisition, the chief executive officer now owns 400,743 shares of the company’s stock, valued at approximately $20,341,714.68. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 4.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Advisor Group Inc. boosted its position in SiteOne Landscape Supply by 156.6% in the second quarter. Advisor Group Inc. now owns 3,192 shares of the industrial products company’s stock valued at $165,000 after buying an additional 1,948 shares during the period. Great West Life Assurance Co. Can boosted its position in SiteOne Landscape Supply by 191.5% in the second quarter. Great West Life Assurance Co. Can now owns 3,789 shares of the industrial products company’s stock valued at $197,000 after buying an additional 2,489 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in SiteOne Landscape Supply by 216.7% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 3,800 shares of the industrial products company’s stock valued at $184,000 after buying an additional 2,600 shares during the period. Amalgamated Bank purchased a new position in SiteOne Landscape Supply during the second quarter valued at approximately $201,000. Finally, BNP Paribas Arbitrage SA boosted its position in SiteOne Landscape Supply by 1,167.2% in the second quarter. BNP Paribas Arbitrage SA now owns 4,283 shares of the industrial products company’s stock valued at $223,000 after buying an additional 3,945 shares during the period. Institutional investors own 89.72% of the company’s stock.
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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