SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives $147.20 Average PT from Brokerages

SiteOne Landscape Supply, Inc. (NYSE:SITE) has earned an average rating of “Hold” from the ten brokerages that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $147.20.

A number of equities analysts recently commented on the company. Robert W. Baird lifted their price objective on SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Stifel Nicolaus downgraded SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 target price for the company. in a report on Thursday, August 1st. StockNews.com downgraded SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. Truist Financial lifted their target price on SiteOne Landscape Supply from $158.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Royal Bank of Canada lowered their target price on SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating for the company in a report on Thursday, August 1st.

Insider Activity

In other news, Director Fred M. Diaz sold 878 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $129.04, for a total transaction of $113,297.12. Following the completion of the sale, the director now owns 11,267 shares in the company, valued at $1,453,893.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SITE. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of SiteOne Landscape Supply during the second quarter valued at approximately $27,000. Toronto Dominion Bank purchased a new position in shares of SiteOne Landscape Supply during the first quarter valued at approximately $29,000. Blue Trust Inc. boosted its position in SiteOne Landscape Supply by 287.7% in the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 187 shares during the last quarter. American National Bank & Trust purchased a new position in SiteOne Landscape Supply in the third quarter worth $49,000. Finally, Benjamin F. Edwards & Company Inc. boosted its position in SiteOne Landscape Supply by 588.1% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 289 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 247 shares during the last quarter.

SiteOne Landscape Supply Price Performance

SiteOne Landscape Supply stock opened at $141.44 on Monday. The stock’s 50 day moving average is $142.93 and its 200 day moving average is $142.89. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.47 and a quick ratio of 1.10. The firm has a market cap of $6.39 billion, a P/E ratio of 41.00 and a beta of 1.53. SiteOne Landscape Supply has a one year low of $114.60 and a one year high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.50 by $0.13. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.39 billion. SiteOne Landscape Supply had a return on equity of 10.27% and a net margin of 3.50%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.71 earnings per share. As a group, research analysts expect that SiteOne Landscape Supply will post 3.23 EPS for the current year.

About SiteOne Landscape Supply

SiteOne Landscape Supply, Inc, together with its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation products, including controllers, valves, sprinkler heads, irrigation pipes, micro irrigation, and drip products; fertilizer, grass seed, and ice melt products; control products, such as herbicides, fungicides, rodenticides, and other pesticides; landscape accessories that include mulches, soil amendments, drainage pipes, tools, and sods; nursery goods, which consist of deciduous and evergreen shrubs, ornamental, shade, evergreen trees, field grown and container-grown nursery stock, roses, perennials, annuals, bulbs, and plant species and cultivars; hardscapes, such as pavers, natural stones, blocks, and other durable materials; and outdoor lighting products that include lighting fixtures, LED lamps, wires, transformers, and accessories.