SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives $156.44 Average Price Target from Analysts

SiteOne Landscape Supply, Inc. (NYSE:SITE) has received a consensus rating of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $156.44.

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group started coverage on shares of SiteOne Landscape Supply in a research note on Thursday, October 10th. They issued a “neutral” rating and a $158.00 price objective on the stock. StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Robert W. Baird boosted their price objective on SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Jefferies Financial Group upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and upped their target price for the stock from $145.00 to $175.00 in a research note on Friday, December 6th. Finally, Barclays boosted their price target on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a report on Thursday, October 31st.

SiteOne Landscape Supply Stock Performance

Shares of SITE opened at $140.66 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. The stock has a 50-day moving average of $146.21 and a two-hundred day moving average of $139.87. The stock has a market cap of $6.35 billion, a P/E ratio of 45.52 and a beta of 1.54. SiteOne Landscape Supply has a one year low of $114.60 and a one year high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, October 30th. The industrial products company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.21). SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the firm earned $1.25 EPS. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, research analysts predict that SiteOne Landscape Supply will post 2.94 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Joseph Ketter sold 6,500 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $142.20, for a total transaction of $924,300.00. Following the completion of the sale, the executive vice president now owns 12,942 shares of the company’s stock, valued at $1,840,352.40. The trade was a 33.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SiteOne Landscape Supply

Several large investors have recently bought and sold shares of the company. Tidal Investments LLC boosted its stake in shares of SiteOne Landscape Supply by 1.5% in the third quarter. Tidal Investments LLC now owns 5,166 shares of the industrial products company’s stock worth $780,000 after acquiring an additional 77 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in SiteOne Landscape Supply by 5.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,018 shares of the industrial products company’s stock worth $245,000 after purchasing an additional 98 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of SiteOne Landscape Supply by 90.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock worth $32,000 after buying an additional 100 shares in the last quarter. Equitable Trust Co. raised its position in shares of SiteOne Landscape Supply by 3.0% in the second quarter. Equitable Trust Co. now owns 3,558 shares of the industrial products company’s stock valued at $432,000 after buying an additional 103 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its position in shares of SiteOne Landscape Supply by 6.1% in the third quarter. Arkadios Wealth Advisors now owns 1,842 shares of the industrial products company’s stock valued at $278,000 after buying an additional 106 shares during 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.