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

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have received an average rating of “Hold” from the fourteen ratings firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $135.2727.

Several research analysts have recently weighed in on the stock. Weiss Ratings lowered shares of SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, August 17th. UBS Group dropped their price target on shares of SiteOne Landscape Supply from $140.00 to $110.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Zacks Research downgraded shares of SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research note on Monday, June 22nd. Stifel Nicolaus reiterated a “hold” rating and issued a $100.00 price target (down from $153.00) on shares of SiteOne Landscape Supply in a report on Thursday, July 30th. Finally, Royal Bank Of Canada lowered their price objective on shares of SiteOne Landscape Supply from $171.00 to $135.00 and set an “outperform” rating for the company in a research note on Thursday, July 30th.

Insider Transactions at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, CEO Doug Black bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was purchased at an average price of $96.13 per share, with a total value of $480,650.00. Following the transaction, the chief executive officer owned 13,000 shares in the company, valued at $1,249,690. This trade represents a 62.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.10% of the company’s stock.

Institutional Trading of SiteOne Landscape Supply

Institutional investors have recently added to or reduced their stakes in the business. Man Group plc grew its position in SiteOne Landscape Supply by 0.4% in the second quarter. Man Group plc now owns 22,338 shares of the industrial products company’s stock valued at $2,702,000 after acquiring an additional 86 shares in the last quarter. Whittier Trust Co. lifted 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. Parallel Advisors LLC boosted its stake in shares of SiteOne Landscape Supply by 15.6% in the first quarter. Parallel Advisors LLC now owns 652 shares of the industrial products company’s stock valued at $87,000 after purchasing an additional 88 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in shares of SiteOne Landscape Supply by 0.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 16,928 shares of the industrial products company’s stock valued at $2,109,000 after purchasing an additional 89 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in SiteOne Landscape Supply by 36.6% in the first quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 107 shares in the last quarter.

SiteOne Landscape Supply Trading Up 1.1%

Shares of SiteOne Landscape Supply stock opened at $96.56 on Thursday. SiteOne Landscape Supply has a fifty-two week low of $90.07 and a fifty-two week high of $168.56. The business’s fifty day moving average is $102.73 and its two-hundred day moving average is $119.87. The company has a quick ratio of 1.01, a current ratio of 2.30 and a debt-to-equity ratio of 0.36. The firm has a market cap of $4.22 billion, a PE ratio of 26.45, a P/E/G ratio of 1.40 and a beta of 1.35.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, July 29th. The industrial products company reported $3.14 EPS for the quarter, missing the consensus estimate of $3.36 by ($0.22). The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.54 billion. SiteOne Landscape Supply had a net margin of 3.41% and a return on equity of 9.76%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.86 earnings per share. Analysts anticipate that SiteOne Landscape Supply will post 3.93 earnings per share for the current 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.