Brokerages Set SiteOne Landscape Supply, Inc. (NYSE:SITE) Price Target at $156.44

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have been assigned an average rating of “Hold” from the nine analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $156.44.

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

Insider Transactions at SiteOne Landscape Supply

In related news, EVP Joseph Ketter sold 6,500 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $142.20, for a total value of $924,300.00. Following the completion of the transaction, the executive vice president now directly owns 12,942 shares of the company’s stock, valued at approximately $1,840,352.40. This trade represents a 33.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in SiteOne Landscape Supply by 5.8% during the third quarter. JPMorgan Chase & Co. now owns 528,873 shares of the industrial products company’s stock worth $79,812,000 after purchasing an additional 29,025 shares during the period. Oddo BHF Asset Management Sas bought a new position in shares of SiteOne Landscape Supply during the 3rd quarter worth approximately $1,099,000. Synovus Financial Corp boosted its stake in shares of SiteOne Landscape Supply by 12.0% during the 3rd quarter. Synovus Financial Corp now owns 1,954 shares of the industrial products company’s stock worth $295,000 after acquiring an additional 209 shares during the period. Tidal Investments LLC increased its holdings in shares of SiteOne Landscape Supply by 1.5% during the 3rd 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. Finally, Wilmington Savings Fund Society FSB bought a new stake in SiteOne Landscape Supply in the 3rd quarter valued at $71,000.

SiteOne Landscape Supply Stock Performance

Shares of NYSE:SITE opened at $129.79 on Friday. The firm’s 50 day simple moving average is $142.72 and its 200 day simple moving average is $139.65. SiteOne Landscape Supply has a fifty-two week low of $114.60 and a fifty-two week high of $188.01. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of 42.00 and a beta of 1.56. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the business posted $1.25 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, sell-side analysts forecast that SiteOne Landscape Supply will post 2.94 earnings per share for the current year.

SiteOne Landscape Supply Company Profile

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.