Brokerages Set SiteOne Landscape Supply, Inc. (NYSE:SITE) PT at $147.20

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have received an average recommendation of “Hold” from the ten research firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $147.20.

A number of analysts recently weighed in on SITE shares. UBS Group lowered their price target on shares of SiteOne Landscape Supply from $190.00 to $185.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Stifel Nicolaus lowered shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 price target for the company. in a report on Thursday, August 1st. StockNews.com lowered shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. Barclays lowered their price target on shares of SiteOne Landscape Supply from $129.00 to $114.00 and set an “underweight” rating for the company in a report on Friday, July 12th. Finally, Truist Financial lifted their target price on shares of SiteOne Landscape Supply from $158.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, August 1st.

SiteOne Landscape Supply Stock Performance

NYSE:SITE opened at $141.44 on Monday. SiteOne Landscape Supply has a 1 year low of $114.60 and a 1 year high of $188.01. The firm has a 50 day moving average of $142.93 and a 200-day moving average of $142.62. The company has a current ratio of 2.47, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $6.39 billion, a P/E ratio of 41.00 and a beta of 1.53.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, July 31st. The industrial products company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.50 by $0.13. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.39 billion. SiteOne Landscape Supply had a net margin of 3.50% and a return on equity of 10.27%. SiteOne Landscape Supply’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.71 earnings per share. As a group, sell-side analysts anticipate that SiteOne Landscape Supply will post 3.23 EPS for the current fiscal year.

Insider Activity

In other news, Director Fred M. Diaz sold 878 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $129.04, for a total value of $113,297.12. Following the completion of the transaction, the director now owns 11,267 shares of the company’s stock, valued at $1,453,893.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On SiteOne Landscape Supply

Several institutional investors and hedge funds have recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. bought a new stake in SiteOne Landscape Supply in the 2nd quarter valued at $27,000. Toronto Dominion Bank bought a new stake in SiteOne Landscape Supply in the 1st quarter valued at $29,000. Blue Trust Inc. lifted its position in SiteOne Landscape Supply by 287.7% in the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 187 shares in the last quarter. American National Bank & Trust bought a new stake in SiteOne Landscape Supply in the 3rd quarter valued at $49,000. Finally, Benjamin F. Edwards & Company Inc. lifted its position in SiteOne Landscape Supply by 588.1% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 289 shares of the industrial products company’s stock valued at $50,000 after acquiring 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.