SiteOne Landscape Supply, Inc. (NYSE:SITE) Given Consensus Recommendation of “Hold” by Analysts

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have been assigned an average recommendation of “Hold” from the eight research firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $153.63.

A number of research analysts have commented on the stock. Loop Capital reduced their price target on shares of SiteOne Landscape Supply from $155.00 to $140.00 and set a “hold” rating on the stock in a research report on Thursday, June 13th. Robert W. Baird decreased their target price on shares of SiteOne Landscape Supply from $185.00 to $175.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 5th. Barclays cut their price target on shares of SiteOne Landscape Supply from $133.00 to $129.00 and set an “underweight” rating for the company in a research report on Wednesday, June 5th. Truist Financial decreased their price objective on SiteOne Landscape Supply from $175.00 to $158.00 and set a “buy” rating on the stock in a report on Thursday, June 6th. Finally, Stifel Nicolaus dropped their target price on SiteOne Landscape Supply from $165.00 to $150.00 and set a “buy” rating for the company in a report on Monday, June 10th.

SiteOne Landscape Supply Trading Up 0.3 %

Shares of SITE opened at $131.31 on Tuesday. SiteOne Landscape Supply has a 1-year low of $116.81 and a 1-year high of $188.01. The company has a market capitalization of $5.94 billion, a P/E ratio of 38.06 and a beta of 1.54. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.36 and a quick ratio of 0.96. The firm’s 50 day simple moving average is $148.78 and its 200 day simple moving average is $159.21.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, May 1st. The industrial products company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.22). The firm had revenue of $904.80 million for the quarter, compared to the consensus estimate of $864.01 million. SiteOne Landscape Supply had a return on equity of 10.77% and a net margin of 3.63%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the firm earned ($0.10) EPS. Sell-side analysts forecast that SiteOne Landscape Supply will post 3.81 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Doug Black sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $162.10, for a total transaction of $1,621,000.00. Following the transaction, the chief executive officer now directly owns 574,657 shares of the company’s stock, valued at $93,151,899.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On SiteOne Landscape Supply

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Operose Advisors LLC purchased a new stake in SiteOne Landscape Supply in the third quarter worth about $28,000. Toronto Dominion Bank purchased a new position in shares of SiteOne Landscape Supply in the 1st quarter valued at approximately $29,000. Principal Securities Inc. bought a new stake in shares of SiteOne Landscape Supply during the fourth quarter valued at approximately $31,000. GAMMA Investing LLC purchased a new stake in SiteOne Landscape Supply in the fourth quarter worth $38,000. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in SiteOne Landscape Supply by 588.1% in the first 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.

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.