SiteOne Landscape Supply (NYSE:SITE) Stock Gets Downgrade from Zacks Research

SiteOne Landscape Supply (NYSE:SITE) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday, Zacks reports.

Several other brokerages have also recently issued reports on SITE. Royal Bank Of Canada dropped their target price on SiteOne Landscape Supply from $135.00 to $124.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 7th. UBS Group cut their price target on SiteOne Landscape Supply from $140.00 to $110.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. William Blair reaffirmed a “market perform” rating on shares of SiteOne Landscape Supply in a research report on Wednesday, October 7th. Barclays lowered their price objective on shares of SiteOne Landscape Supply from $129.00 to $108.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. Finally, KeyCorp dropped their price objective on shares of SiteOne Landscape Supply from $145.00 to $135.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, SiteOne Landscape Supply currently has an average rating of “Hold” and an average price target of $121.80.

SiteOne Landscape Supply Stock Performance

SITE stock opened at $104.06 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.30 and a quick ratio of 1.01. SiteOne Landscape Supply has a 1 year low of $82.00 and a 1 year high of $168.56. The company has a market cap of $4.54 billion, a P/E ratio of 28.51, a price-to-earnings-growth ratio of 1.73 and a beta of 1.38. The stock’s fifty day moving average price is $94.08 and its 200-day moving average price is $116.92.

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

Insider Activity at SiteOne Landscape Supply

In related news, CEO Doug Black bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were bought at an average cost of $96.13 per share, with a total value of $480,650.00. Following the acquisition, the chief executive officer owned 13,000 shares in the company, valued at $1,249,690. This trade represents a 62.50% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On SiteOne Landscape Supply

Institutional investors and hedge funds have recently bought and sold shares of the stock. Whittier Trust Co. raised its holdings in SiteOne Landscape Supply by 72.7% during the first quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 88 shares during the period. Parallel Advisors LLC lifted its position in shares of SiteOne Landscape Supply by 15.6% in the first quarter. Parallel Advisors LLC now owns 652 shares of the industrial products company’s stock valued at $87,000 after acquiring an additional 88 shares in the last quarter. Basecamp Wealth Advisors LLC boosted its stake in shares of SiteOne Landscape Supply by 219.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 185 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 127 shares during the period. Mitchell & Pahl Private Wealth LLC boosted its stake in shares of SiteOne Landscape Supply by 3.0% in the first quarter. Mitchell & Pahl Private Wealth LLC now owns 6,091 shares of the industrial products company’s stock worth $811,000 after acquiring an additional 176 shares during the period. Finally, Hsbc Holdings PLC boosted its stake in shares of SiteOne Landscape Supply by 10.2% in the first quarter. Hsbc Holdings PLC now owns 2,080 shares of the industrial products company’s stock worth $277,000 after acquiring an additional 192 shares during the period.

SiteOne Landscape Supply News Summary

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

• Positive Sentiment: SiteOne reported third-quarter adjusted EBITDA growth of 8%, while adjusted EBITDA margin expanded by 60 basis points. Management said the company performed solidly despite soft underlying demand and a delayed fall selling season caused by hot, dry weather. SiteOne Landscape Supply Announces Third Quarter 2026 Earnings
• Positive Sentiment: Third-quarter EPS rose to $1.46 from $1.31 a year earlier. This met the reported analyst consensus and exceeded the Zacks consensus estimate of $1.37, although the strength was partly offset by slower sales growth. SiteOne Landscape Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: The company increased its share-repurchase authorization by $500 million, potentially supporting per-share results and signaling confidence in long-term cash generation. SiteOne announces $500 million share-repurchase increase
• Neutral Sentiment: Quarterly revenue increased 2.6% year over year to approximately $1.29 billion, indicating continued growth but falling slightly short of the roughly $1.30 billion consensus estimate. SiteOne misses Q3 2026 revenue estimates
• Negative Sentiment: Zacks downgraded SiteOne from “Hold” to “Strong Sell,” a significant deterioration in analyst sentiment that may amplify concerns about demand trends and the stock’s valuation. Zacks downgrades SiteOne
• Negative Sentiment: Management highlighted continued softness in landscaping-market demand and weather-related delays, suggesting near-term revenue momentum may remain constrained despite improved profitability.

SiteOne Landscape Supply Company Profile

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.