SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives Consensus Rating of “Hold” from Analysts

SiteOne Landscape Supply, Inc. (NYSE:SITEGet Rating) has received an average recommendation of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $198.86.

Several equities analysts recently issued reports on the company. Barclays cut their target price on SiteOne Landscape Supply from $200.00 to $191.00 in a research report on Thursday, March 31st. 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. Loop Capital cut their target price on SiteOne Landscape Supply from $190.00 to $170.00 and set a “hold” rating on the stock in a research report on Thursday, April 7th. William Blair reaffirmed an “outperform” rating on shares of SiteOne Landscape Supply in a report on Friday, March 11th. Finally, UBS Group raised shares of SiteOne Landscape Supply from a “sell” rating to a “neutral” rating and lowered their price target for the company from $170.00 to $165.00 in a report on Monday, March 28th. They noted that the move was a valuation call.

In other news, CEO Doug Black sold 17,365 shares of the stock in a transaction dated Wednesday, March 16th. The shares were sold at an average price of $175.78, for a total transaction of $3,052,419.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 52,193 shares of company stock worth $8,426,900. 2.70% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of SITE. Signaturefd LLC lifted its stake in SiteOne Landscape Supply by 1,156.3% in the 1st quarter. Signaturefd LLC now owns 201 shares of the industrial products company’s stock valued at $32,000 after buying an additional 185 shares in the last quarter. National Bank of Canada FI acquired a new position in shares of SiteOne Landscape Supply during the fourth quarter valued at approximately $34,000. Liberty Wealth Management LLC lifted its position in shares of SiteOne Landscape Supply by 1,053.8% in the third quarter. Liberty Wealth Management LLC now owns 150 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 137 shares in the last quarter. Catalyst Capital Advisors LLC boosted its stake in shares of SiteOne Landscape Supply by 111.4% in the fourth quarter. Catalyst Capital Advisors LLC now owns 148 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 78 shares during the last quarter. Finally, Covestor Ltd acquired a new stake in shares of SiteOne Landscape Supply in the fourth quarter worth approximately $38,000.

NYSE SITE opened at $145.47 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.20 and a quick ratio of 0.96. The stock’s fifty day moving average price is $160.79 and its 200 day moving average price is $197.41. SiteOne Landscape Supply has a 1 year low of $132.96 and a 1 year high of $260.00. The company has a market cap of $6.53 billion, a price-to-earnings ratio of 27.98 and a beta of 1.32.

SiteOne Landscape Supply (NYSE:SITEGet Rating) last released its earnings results on Wednesday, May 4th. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.54. SiteOne Landscape Supply had a return on equity of 24.95% and a net margin of 6.86%. The firm had revenue of $805.30 million for the quarter, compared to the consensus estimate of $742.01 million. During the same period in the prior year, the firm earned $0.16 EPS. The firm’s revenue was up 23.9% on a year-over-year basis. Research analysts expect that SiteOne Landscape Supply will post 5.41 earnings per share for the current year.

About SiteOne Landscape Supply (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.

Recommended Stories

Analyst Recommendations for SiteOne Landscape Supply (NYSE:SITE)

Receive News & Ratings for SiteOne Landscape Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SiteOne Landscape Supply and related companies with MarketBeat.com's FREE daily email newsletter.