SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives $144.33 Average PT from Brokerages

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have earned an average rating of “Hold” from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $144.33.

Several analysts recently commented on SITE shares. Truist Financial raised their price objective on shares of SiteOne Landscape Supply from $158.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Jefferies Financial Group decreased their target price on SiteOne Landscape Supply from $160.00 to $125.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. Robert W. Baird dropped their price target on SiteOne Landscape Supply from $175.00 to $168.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st. Stifel Nicolaus lowered shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 price objective on the stock. in a research report on Thursday, August 1st. Finally, Royal Bank of Canada cut their price objective on SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating for the company in a research report on Thursday, August 1st.

Insider Activity at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 878 shares of SiteOne Landscape Supply stock in a transaction on Monday, August 5th. The shares were sold at an average price of $129.04, for a total value of $113,297.12. Following the transaction, the director now owns 11,267 shares in the company, valued at approximately $1,453,893.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On SiteOne Landscape Supply

Hedge funds have recently made changes to their positions in the business. Toronto Dominion Bank bought a new stake in shares of SiteOne Landscape Supply in the first quarter worth $29,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in SiteOne Landscape Supply during the 2nd quarter worth about $27,000. Benjamin F. Edwards & Company Inc. grew its position in SiteOne Landscape Supply by 588.1% during the 1st 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 in the last quarter. YHB Investment Advisors Inc. acquired a new stake in SiteOne Landscape Supply during the 1st quarter worth about $58,000. Finally, Quarry LP purchased a new stake in SiteOne Landscape Supply in the 2nd quarter worth approximately $61,000.

SiteOne Landscape Supply Trading Down 0.2 %

NYSE SITE opened at $150.91 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.47 and a quick ratio of 1.10. SiteOne Landscape Supply has a 12 month low of $114.60 and a 12 month high of $188.01. The firm’s fifty day moving average price is $139.90 and its 200 day moving average price is $146.64. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of 43.74 and a beta of 1.53.

SiteOne Landscape Supply (NYSE:SITE) last announced 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. SiteOne Landscape Supply had a net margin of 3.50% and a return on equity of 10.27%. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the firm earned $2.71 EPS. SiteOne Landscape Supply’s quarterly revenue was up 4.4% on a year-over-year basis. On average, sell-side analysts expect that SiteOne Landscape Supply will post 3.19 earnings per share for the current fiscal 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.