SiteOne Landscape Supply, Inc. (NYSE:SITE)‘s stock had its “buy” rating reiterated by 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 price target would suggest a potential upside of 23.60% from the company’s previous close.
Other analysts have also issued reports about the company. Johnson Rice initiated coverage on SiteOne Landscape Supply in a report on Monday, May 15th. They set an “accumulate” rating for the company. Deutsche Bank AG reiterated a “buy” rating and set a $60.00 price objective (up from $55.00) on shares of SiteOne Landscape Supply in a report on Thursday. Finally, Zacks Investment Research upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $54.50.
Shares of SiteOne Landscape Supply (NYSE SITE) opened at 50.97 on Friday. The firm’s 50-day moving average price is $52.37 and its 200 day moving average price is $47.22. SiteOne Landscape Supply has a 52 week low of $26.60 and a 52 week high of $53.87. The firm’s market capitalization is $2.02 billion.
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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by $0.04. SiteOne Landscape Supply had a return on equity of 29.22% and a net margin of 2.46%. The firm had revenue of $608.60 million for the quarter, compared to analysts’ expectations of $607.94 million. During the same quarter in the prior year, the business posted ($3.18) earnings per share. SiteOne Landscape Supply’s revenue was up 18.5% on a year-over-year basis. On average, analysts anticipate that SiteOne Landscape Supply will post $1.37 EPS for the current year.
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In related news, CEO Doug Black bought 6,200 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were bought at an average cost of $50.76 per share, for a total transaction of $314,712.00. Following the completion of the acquisition, the chief executive officer now directly owns 400,743 shares in the company, valued at $20,341,714.68. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 4.00% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. BB&T Corp raised its position in SiteOne Landscape Supply by 1.5% in the second quarter. BB&T Corp now owns 6,998 shares of the industrial products company’s stock valued at $364,000 after buying an additional 103 shares during the period. American International Group Inc. raised its position in SiteOne Landscape Supply by 7.1% in the first quarter. American International Group Inc. now owns 7,165 shares of the industrial products company’s stock valued at $347,000 after buying an additional 473 shares during the period. Pier Capital LLC raised its position in SiteOne Landscape Supply by 0.4% in the first quarter. Pier Capital LLC now owns 161,988 shares of the industrial products company’s stock valued at $7,842,000 after buying an additional 566 shares during the period. Teachers Advisors LLC raised its position in SiteOne Landscape Supply by 3.4% in the first quarter. Teachers Advisors LLC now owns 19,515 shares of the industrial products company’s stock valued at $945,000 after buying an additional 633 shares during the period. Finally, JPMorgan Chase & Co. raised its position in SiteOne Landscape Supply by 4.2% in the first quarter. JPMorgan Chase & Co. now owns 16,867 shares of the industrial products company’s stock valued at $817,000 after buying an additional 683 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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