SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives $135.27 Consensus PT from Analysts

SiteOne Landscape Supply, Inc. (NYSE:SITE) has received an average rating of “Hold” from the fourteen ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $135.2727.

A number of analysts recently commented on the stock. Zacks Research cut shares of SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research note on Monday, June 22nd. Truist Financial cut their price target on shares of SiteOne Landscape Supply from $200.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Robert W. Baird decreased their price target on shares of SiteOne Landscape Supply from $160.00 to $155.00 and set an “outperform” rating for the company in a report on Tuesday, July 28th. Barclays lowered their price objective on shares of SiteOne Landscape Supply from $129.00 to $108.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $100.00 price objective (down from $153.00) on shares of SiteOne Landscape Supply in a report on Thursday, July 30th.

Insider Activity at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, CEO Doug Black acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were purchased at an average price of $96.13 per share, for a total transaction of $480,650.00. Following the completion of the purchase, the chief executive officer directly owned 13,000 shares of the company’s stock, valued at $1,249,690. The trade was a 62.50% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On SiteOne Landscape Supply

Several institutional investors and hedge funds have recently modified their holdings of SITE. California State Teachers Retirement System raised its position in SiteOne Landscape Supply by 11,170.3% during the second quarter. California State Teachers Retirement System now owns 5,861,568 shares of the industrial products company’s stock valued at $670,622,000 after acquiring an additional 5,809,559 shares in the last quarter. Bamco Inc. NY purchased a new position in shares of SiteOne Landscape Supply during the 2nd quarter valued at approximately $232,115,000. BlackRock Inc. acquired a new position in shares of SiteOne Landscape Supply in the 2nd quarter valued at $221,355,000. Jupiter Topco LLC acquired a new stake in SiteOne Landscape Supply during the second quarter valued at $59,521,000. Finally, Amundi purchased a new position in SiteOne Landscape Supply in the third quarter valued at $59,763,000.

SiteOne Landscape Supply Trading Up 1.0%

SiteOne Landscape Supply stock opened at $98.40 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.01 and a current ratio of 2.30. The stock has a market cap of $4.30 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 1.41 and a beta of 1.34. The stock has a 50-day moving average of $102.15 and a two-hundred day moving average of $118.44. SiteOne Landscape Supply has a one year low of $90.07 and a one year high of $168.56.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $3.14 earnings per share for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.22). SiteOne Landscape Supply had a return on equity of 9.76% and a net margin of 3.41%.The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the previous year, the firm posted $2.86 EPS. SiteOne Landscape Supply’s revenue was up 4.7% on a year-over-year basis. On average, research analysts anticipate that SiteOne Landscape Supply will post 3.93 EPS for the current fiscal year.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.