SiteOne Landscape Supply (NYSE:SITE) Downgraded by Zacks Research to Strong Sell

Zacks Research cut shares of SiteOne Landscape Supply (NYSE:SITE) from a hold rating to a strong sell rating in a research report released on Tuesday,Zacks reports.

A number of other analysts also recently issued reports on SITE. Deutsche Bank Aktiengesellschaft downgraded shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating and lowered their price objective for the company from $127.00 to $91.00 in a report on Thursday, October 8th. William Blair restated a “market perform” rating on shares of SiteOne Landscape Supply in a report on Wednesday, October 7th. Robert W. Baird reduced their target price 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. Weiss Ratings raised shares of SiteOne Landscape Supply from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 22nd. Finally, Stifel Nicolaus lowered their price target on shares of SiteOne Landscape Supply from $100.00 to $94.00 and set a “hold” rating on the stock in a research note on Monday. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $121.80.

SiteOne Landscape Supply Stock Up 1.0%

Shares of SiteOne Landscape Supply stock opened at $104.06 on Tuesday. The firm has a market cap of $4.54 billion, a PE ratio of 28.51, a P/E/G ratio of 1.73 and a beta of 1.38. The business’s 50 day simple moving average is $94.08 and its 200 day simple moving average is $116.92. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.01 and a current ratio of 2.30. SiteOne Landscape Supply has a 52-week low of $82.00 and a 52-week high of $168.56.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings results on Wednesday, October 28th. The industrial products company reported $1.46 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.46. SiteOne Landscape Supply had a return on equity of 9.76% and a net margin of 3.41%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the firm posted $1.31 EPS. The business’s revenue was up 2.6% on a year-over-year basis. On average, analysts predict that SiteOne Landscape Supply will post 3.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Doug Black purchased 8,000 shares of SiteOne Landscape Supply stock in a transaction that occurred on Tuesday, August 4th. The stock was purchased at an average cost of $102.03 per share, with a total value of $816,240.00. Following the completion of the transaction, the chief executive officer owned 8,000 shares of the company’s stock, valued at approximately $816,240. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Bamco Inc. NY acquired a new stake in shares of SiteOne Landscape Supply in the second quarter valued at approximately $232,115,000. BlackRock Inc. bought a new position in shares of SiteOne Landscape Supply during the 2nd quarter worth approximately $221,355,000. Jupiter Topco LLC acquired a new position in shares of SiteOne Landscape Supply during the 2nd quarter worth approximately $59,521,000. Bank of America Corp DE acquired a new position in shares of SiteOne Landscape Supply during the 2nd quarter worth approximately $49,027,000. Finally, Amundi increased its holdings in shares of SiteOne Landscape Supply by 49.0% during the 2nd quarter. Amundi now owns 1,048,747 shares of the industrial products company’s stock worth $120,043,000 after acquiring an additional 344,980 shares during the last quarter.

SiteOne Landscape Supply News Roundup

Here are the key news stories impacting SiteOne Landscape Supply this week:

• Positive Sentiment: Third-quarter adjusted EBITDA increased 8%, while adjusted EBITDA margin expanded by 60 basis points. Management characterized the results as solid despite soft market demand and a delayed fall season caused by hot, dry weather. SiteOne Announces Third Quarter 2026 Earnings
• Positive Sentiment: SiteOne reported third-quarter earnings of $1.46 per share, up from $1.31 a year earlier. This exceeded the $1.37 estimate cited by Zacks, although it matched the broader consensus estimate reported by other outlets. SiteOne Q3 Earnings and Revenues
• Positive Sentiment: The company increased its share-repurchase authorization by $500 million, potentially supporting earnings per share and signaling confidence in the company’s long-term cash-generation prospects. SiteOne Announces Share-Repurchase Increase
• Neutral Sentiment: Revenue rose 2.6% year over year to approximately $1.29 billion. The result was described as a beat against some estimates but fell short of the approximately $1.30 billion consensus cited by other reports, making the top-line performance mixed. SiteOne Q3 Earnings
• Negative Sentiment: Management acknowledged continued softness in underlying market demand and weather-related delays, risks that could restrain near-term sales growth and temper the positive impact of margin gains and buybacks. SiteOne Q3 2026 Earnings Call Transcript

About SiteOne Landscape Supply

SiteOne Landscape Supply, Inc (NYSE: SITE) is a wholesale distributor of landscape and outdoor living products in the United States and Canada. The company serves landscape professionals, irrigation contractors, golf course and sports-turf managers, nursery and greenhouse operators, and other customers in the green industry.

Its product offerings include irrigation and water-management systems, landscape lighting, nursery and greenhouse supplies, fertilizers and other agronomic products, turf-care equipment, hardscape materials, outdoor living products, and pest-control supplies.