Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE – Get Rating) have been given an average recommendation of “Hold” by the eleven brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $190.14.
Several research analysts have commented on the stock. Robert W. Baird lowered their price target on shares of SiteOne Landscape Supply from $232.00 to $171.00 in a report on Thursday, May 5th. StockNews.com began coverage on shares of SiteOne Landscape Supply in a research note on Thursday, March 31st. They set a “hold” rating for the company. UBS Group upgraded SiteOne Landscape Supply from a “sell” rating to a “neutral” rating and cut their price target for the company from $170.00 to $165.00 in a research note on Monday, March 28th. They noted that the move was a valuation call. TheStreet cut SiteOne Landscape Supply from a “b-” rating to a “c+” rating in a research report on Wednesday, May 18th. Finally, Truist Financial cut their target price on SiteOne Landscape Supply from $275.00 to $200.00 and set a “hold” rating on the stock in a research report on Thursday, February 17th.
NYSE:SITE opened at $137.45 on Monday. SiteOne Landscape Supply has a 12-month low of $117.66 and a 12-month high of $260.00. The firm has a market cap of $6.18 billion, a PE ratio of 23.95 and a beta of 1.32. The company has a current ratio of 2.32, a quick ratio of 0.89 and a debt-to-equity ratio of 0.41. The stock has a fifty day moving average price of $145.46 and a 200 day moving average price of $184.27.
SiteOne Landscape Supply (NYSE:SITE – Get Rating) last posted its quarterly earnings results on Wednesday, May 4th. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.54. SiteOne Landscape Supply had a return on equity of 25.59% and a net margin of 7.25%. The company had revenue of $805.30 million for the quarter, compared to analyst estimates of $742.01 million. During the same quarter last year, the company earned $0.16 EPS. SiteOne Landscape Supply’s revenue for the quarter was up 23.9% compared to the same quarter last year. Equities analysts forecast that SiteOne Landscape Supply will post 5.71 EPS for the current year.
In other news, CEO Doug Black sold 17,365 shares of the stock in a transaction that occurred on Wednesday, March 16th. The stock was sold at an average price of $175.78, for a total value of $3,052,419.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.70% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in the company. Signaturefd LLC boosted its stake in shares of SiteOne Landscape Supply by 1,156.3% during the first quarter. Signaturefd LLC now owns 201 shares of the industrial products company’s stock worth $32,000 after buying an additional 185 shares during the period. National Bank of Canada FI acquired a new position in shares of SiteOne Landscape Supply in the fourth quarter valued at approximately $34,000. Liberty Wealth Management LLC raised its stake in shares of SiteOne Landscape Supply by 1,053.8% during the third quarter. Liberty Wealth Management LLC now owns 150 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 137 shares during the last quarter. Catalyst Capital Advisors LLC lifted its holdings in shares of SiteOne Landscape Supply by 111.4% during the fourth quarter. Catalyst Capital Advisors LLC now owns 148 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 78 shares during the period. Finally, Covestor Ltd purchased a new position in SiteOne Landscape Supply in the 4th quarter valued at $38,000.
SiteOne Landscape Supply Company Profile (Get Rating)
SiteOne Landscape Supply, Inc engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides a selection of approximately 135,000 stock keeping units, including irrigation supplies, which comprise controllers, valves, sprinkler heads, and irrigation pipes; 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; 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.
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