Barclays Analysts Give SiteOne Landscape Supply (SITE) a $65.00 Price Target

Barclays set a $65.00 price target on SiteOne Landscape Supply (NYSE:SITE) in a research note issued to investors on Monday morning. The firm currently has a hold rating on the industrial products company’s stock.

Several other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of SiteOne Landscape Supply from a hold rating to a sell rating in a research report on Thursday, November 9th. Royal Bank of Canada boosted their price objective on shares of SiteOne Landscape Supply from $63.00 to $70.00 and gave the stock an outperform rating in a research report on Wednesday, October 4th. Robert W. Baird boosted their price objective on shares of SiteOne Landscape Supply from $58.00 to $74.00 and gave the stock an outperform rating in a research report on Thursday, November 9th. SunTrust Banks boosted their price objective on shares of SiteOne Landscape Supply to $70.00 and gave the stock a buy rating in a research report on Thursday, November 9th. Finally, UBS Group boosted their price objective on shares of SiteOne Landscape Supply from $54.00 to $66.00 and gave the stock a buy rating in a research report on Friday, November 10th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $67.50.

Shares of SiteOne Landscape Supply (SITE) traded up $0.50 during midday trading on Monday, hitting $71.40. 228,400 shares of the company’s stock traded hands, compared to its average volume of 298,837. The stock has a market cap of $2,870.00 and a price-to-earnings ratio of 66.73. SiteOne Landscape Supply has a 52 week low of $35.68 and a 52 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.

SiteOne Landscape Supply (NYSE:SITE) last issued its earnings results on Wednesday, November 8th. The industrial products company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.14). The company had revenue of $502.40 million for the quarter, compared to analysts’ expectations of $506.28 million. SiteOne Landscape Supply had a return on equity of 34.53% and a net margin of 3.36%. SiteOne Landscape Supply’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 earnings per share. equities research analysts forecast that SiteOne Landscape Supply will post 1.23 earnings per share for the current year.

In other SiteOne Landscape Supply news, CFO John T. Guthrie sold 20,000 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $70.91, for a total value of $1,418,200.00. Following the transaction, the chief financial officer now directly owns 57,854 shares in the company, valued at approximately $4,102,427.14. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Ross Anker sold 41,824 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $69.09, for a total transaction of $2,889,620.16. Following the completion of the transaction, the executive vice president now owns 88,881 shares in the company, valued at $6,140,788.29. The disclosure for this sale can be found here. Insiders sold a total of 94,887 shares of company stock worth $6,704,265 over the last quarter. Insiders own 4.00% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in SiteOne Landscape Supply by 58.4% in the 2nd quarter. Vanguard Group Inc. now owns 2,618,729 shares of the industrial products company’s stock valued at $136,330,000 after purchasing an additional 965,336 shares in the last quarter. FMR LLC lifted its holdings in SiteOne Landscape Supply by 288.4% in the 2nd quarter. FMR LLC now owns 2,017,984 shares of the industrial products company’s stock valued at $105,056,000 after purchasing an additional 1,498,436 shares in the last quarter. BlackRock Inc. lifted its holdings in SiteOne Landscape Supply by 126.1% in the 2nd quarter. BlackRock Inc. now owns 2,013,656 shares of the industrial products company’s stock valued at $104,833,000 after purchasing an additional 1,123,148 shares in the last quarter. Bamco Inc. NY lifted its holdings in SiteOne Landscape Supply by 11.2% in the 3rd quarter. Bamco Inc. NY now owns 1,720,722 shares of the industrial products company’s stock valued at $99,974,000 after purchasing an additional 172,650 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its holdings in SiteOne Landscape Supply by 2.1% in the 3rd 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 purchasing an additional 32,160 shares in 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.

Analyst Recommendations for SiteOne Landscape Supply (NYSE:SITE)

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