Brokerages Set SiteOne Landscape Supply, Inc. (NYSE:SITE) Target Price at $147.11

SiteOne Landscape Supply, Inc. (NYSE:SITE) has been assigned an average recommendation of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $147.11.

A number of research analysts have recently commented on SITE shares. Robert W. Baird cut their target price on SiteOne Landscape Supply from $185.00 to $175.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 5th. Truist Financial cut their target price on SiteOne Landscape Supply from $175.00 to $158.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. UBS Group lowered their price target on SiteOne Landscape Supply from $190.00 to $185.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Jefferies Financial Group lowered their price target on SiteOne Landscape Supply from $160.00 to $125.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Finally, Loop Capital lowered their price target on SiteOne Landscape Supply from $155.00 to $140.00 and set a “hold” rating for the company in a report on Thursday, June 13th.

Institutional Trading of SiteOne Landscape Supply

A number of hedge funds have recently bought and sold shares of the stock. Vaughan Nelson Investment Management L.P. lifted its holdings in SiteOne Landscape Supply by 130.9% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 198,214 shares of the industrial products company’s stock worth $24,065,000 after buying an additional 112,362 shares during the period. Raymond James & Associates lifted its holdings in shares of SiteOne Landscape Supply by 5.0% during the 2nd quarter. Raymond James & Associates now owns 286,368 shares of the industrial products company’s stock valued at $34,768,000 after purchasing an additional 13,644 shares during the last quarter. Swedbank AB lifted its holdings in shares of SiteOne Landscape Supply by 6.3% during the 2nd quarter. Swedbank AB now owns 102,000 shares of the industrial products company’s stock valued at $12,384,000 after purchasing an additional 6,000 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of SiteOne Landscape Supply by 6.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,911 shares of the industrial products company’s stock valued at $960,000 after purchasing an additional 508 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of SiteOne Landscape Supply by 5.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,018 shares of the industrial products company’s stock valued at $245,000 after purchasing an additional 98 shares during the last quarter.

SiteOne Landscape Supply Trading Down 1.4 %

SITE opened at $135.17 on Friday. The stock has a market cap of $6.11 billion, a price-to-earnings ratio of 39.18 and a beta of 1.52. The stock’s 50 day moving average price is $136.49 and its 200-day moving average price is $154.61. SiteOne Landscape Supply has a one year low of $114.60 and a one year high of $188.01. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.96 and a current ratio of 2.36.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, May 1st. The industrial products company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.22). The business had revenue of $904.80 million for the quarter, compared to the consensus estimate of $864.01 million. SiteOne Landscape Supply had a net margin of 3.63% and a return on equity of 10.77%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.10) EPS. On average, equities analysts forecast that SiteOne Landscape Supply will post 3.65 EPS for the current year.

SiteOne Landscape Supply Company Profile

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.