SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives $145.70 Average PT from Brokerages

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have been given an average recommendation of “Hold” by the ten ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $145.70.

SITE has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft began coverage on SiteOne Landscape Supply in a research report on Tuesday, April 1st. They issued a “hold” rating and a $135.00 price objective on the stock. Truist Financial lowered their target price on shares of SiteOne Landscape Supply from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. UBS Group lowered their target price on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Robert W. Baird lowered their target price on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Finally, Barclays lowered their price target on SiteOne Landscape Supply from $120.00 to $106.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 8th.

SiteOne Landscape Supply Stock Performance

NYSE SITE opened at $122.15 on Tuesday. The stock has a 50-day simple moving average of $116.83 and a two-hundred day simple moving average of $129.46. The firm has a market capitalization of $5.47 billion, a P/E ratio of 45.41 and a beta of 1.56. SiteOne Landscape Supply has a fifty-two week low of $101.25 and a fifty-two week high of $160.75. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.11). SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. The company had revenue of $939.40 million during the quarter, compared to analyst estimates of $933.90 million. During the same period in the previous year, the firm posted ($0.43) earnings per share. The company’s revenue was up 3.8% compared to the same quarter last year. On average, equities analysts forecast that SiteOne Landscape Supply will post 3.61 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its position in shares of SiteOne Landscape Supply by 12.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,079,615 shares of the industrial products company’s stock valued at $738,309,000 after acquiring an additional 660,081 shares in the last quarter. Vanguard Group Inc. lifted its holdings in SiteOne Landscape Supply by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 4,162,578 shares of the industrial products company’s stock valued at $548,503,000 after purchasing an additional 49,256 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in SiteOne Landscape Supply by 31.0% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,092,742 shares of the industrial products company’s stock valued at $254,143,000 after purchasing an additional 494,737 shares in the last quarter. Wasatch Advisors LP lifted its holdings in SiteOne Landscape Supply by 9.7% in the 4th quarter. Wasatch Advisors LP now owns 1,731,098 shares of the industrial products company’s stock valued at $228,107,000 after purchasing an additional 153,447 shares in the last quarter. Finally, Bamco Inc. NY lifted its holdings in SiteOne Landscape Supply by 4.6% in the 4th quarter. Bamco Inc. NY now owns 1,652,772 shares of the industrial products company’s stock valued at $217,786,000 after purchasing an additional 72,430 shares in the last quarter.

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.