SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives $135.27 Average Target Price from Analysts

SiteOne Landscape Supply, Inc. (NYSE:SITE) has been given a consensus rating of “Hold” by the fourteen research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $135.2727.

A number of research firms recently weighed in on SITE. Barclays dropped their price target on shares of SiteOne Landscape Supply from $129.00 to $108.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $100.00 price objective (down from $153.00) on shares of SiteOne Landscape Supply in a research report on Thursday, July 30th. Zacks Research lowered shares of SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research note on Monday, June 22nd. Bank of America dropped their target price on shares of SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a research note on Thursday, April 30th.

Insiders Place Their Bets

In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 562 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $112.52, for a total value of $63,236.24. Following the completion of the transaction, the director owned 11,267 shares in the company, valued at $1,267,762.84. This represents a 4.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Doug Black acquired 8,000 shares of SiteOne Landscape Supply stock in a transaction on Tuesday, August 4th. The stock was acquired at an average price of $102.03 per share, with a total value of $816,240.00. Following the purchase, the chief executive officer directly owned 8,000 shares in the company, valued at approximately $816,240. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On SiteOne Landscape Supply

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Basecamp Wealth Advisors LLC increased its holdings in SiteOne Landscape Supply by 219.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 185 shares of the industrial products company’s stock worth $25,000 after buying an additional 127 shares during the last quarter. Whittier Trust Co. boosted its stake in SiteOne Landscape Supply by 72.7% in 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 last quarter. Rothschild Investment LLC boosted its stake in SiteOne Landscape Supply by 1,521.4% in the fourth quarter. Rothschild Investment LLC now owns 227 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 213 shares during the last quarter. IFP Advisors Inc grew its position in shares of SiteOne Landscape Supply by 106.8% during the 4th quarter. IFP Advisors Inc now owns 306 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 158 shares during the period. Finally, Empowered Funds LLC bought a new position in shares of SiteOne Landscape Supply during the 4th quarter valued at approximately $42,000.

SiteOne Landscape Supply Trading Down 3.6%

NYSE SITE opened at $98.34 on Friday. The company has a current ratio of 2.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.36. The business has a fifty day simple moving average of $105.56 and a 200 day simple moving average of $125.23. SiteOne Landscape Supply has a 12 month low of $90.07 and a 12 month high of $168.56. The firm has a market capitalization of $4.29 billion, a P/E ratio of 26.94, a PEG ratio of 1.48 and a beta of 1.35.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $3.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.22). SiteOne Landscape Supply had a return on equity of 9.76% and a net margin of 3.41%.The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the prior year, the firm earned $2.86 earnings per share. SiteOne Landscape Supply’s revenue was up 4.7% compared to the same quarter last year. On average, analysts predict that SiteOne Landscape Supply will post 3.93 EPS for the current fiscal year.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.