SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives $160.10 Average Price Target from Analysts

SiteOne Landscape Supply, Inc. (NYSE:SITE) has earned a consensus rating of “Hold” from the twelve research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $160.10.

SITE has been the subject of a number of recent analyst reports. Robert W. Baird set a $160.00 price target on SiteOne Landscape Supply in a report on Thursday, April 30th. UBS Group initiated coverage on SiteOne Landscape Supply in a report on Friday, April 10th. They set a “neutral” rating and a $140.00 price target for the company. Weiss Ratings downgraded SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a report on Thursday, April 30th. Finally, Bank of America decreased their price target on SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating for the company in a report on Monday, April 20th.

Insider Activity at SiteOne Landscape Supply

In other news, Director Fred M. Diaz sold 562 shares of SiteOne Landscape Supply stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $112.52, for a total transaction of $63,236.24. Following the sale, the director owned 11,267 shares in the company, valued at approximately $1,267,762.84. The trade was a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.10% of the company’s stock.

Institutional Trading of SiteOne Landscape Supply

A number of hedge funds and other institutional investors have recently made changes to their positions in SITE. True Wealth Design LLC increased its position in shares of SiteOne Landscape Supply by 541.9% during the fourth quarter. True Wealth Design LLC now owns 199 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 168 shares in the last quarter. Whittier Trust Co. increased its position in shares of SiteOne Landscape Supply by 72.7% during the first quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 88 shares in the last quarter. Rothschild Investment LLC increased its position in shares of SiteOne Landscape Supply by 1,521.4% during the fourth quarter. Rothschild Investment LLC now owns 227 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 213 shares in the last quarter. IFP Advisors Inc increased its position in shares of SiteOne Landscape Supply by 106.8% during the fourth quarter. IFP Advisors Inc now owns 306 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 158 shares in the last quarter. Finally, Empowered Funds LLC acquired a new stake in shares of SiteOne Landscape Supply during the fourth quarter worth about $42,000.

SiteOne Landscape Supply Stock Down 2.0%

Shares of NYSE SITE opened at $105.49 on Friday. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 31.30, a price-to-earnings-growth ratio of 1.40 and a beta of 1.35. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.33 and a quick ratio of 0.96. The business has a 50-day moving average of $121.39 and a two-hundred day moving average of $131.86. SiteOne Landscape Supply has a 1 year low of $100.52 and a 1 year high of $168.56.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.27). The business had revenue of $940.10 million for the quarter, compared to analysts’ expectations of $982.27 million. SiteOne Landscape Supply had a return on equity of 9.22% and a net margin of 3.24%.The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the firm earned ($0.61) earnings per share. On average, analysts forecast that SiteOne Landscape Supply will post 4.18 earnings per share for the current fiscal year.

About SiteOne Landscape Supply

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.