Boothbay Fund Management LLC Takes $229,000 Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Boothbay Fund Management LLC acquired a new stake in SiteOne Landscape Supply, Inc. (NYSE:SITE – Get Rating) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,196 shares of the industrial products company’s stock, valued at approximately $229,000.

Other large investors have also made changes to their positions in the company. New Millennium Group LLC purchased a new stake in shares of SiteOne Landscape Supply in the 2nd quarter valued at $29,000. Eagle Bay Advisors LLC purchased a new stake in shares of SiteOne Landscape Supply in the 2nd quarter valued at $29,000. Covestor Ltd boosted its holdings in shares of SiteOne Landscape Supply by 113.5% in the 1st quarter. Covestor Ltd now owns 331 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 176 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of SiteOne Landscape Supply in the 2nd quarter valued at $141,000. Finally, Van ECK Associates Corp boosted its holdings in shares of SiteOne Landscape Supply by 11.6% in the 2nd quarter. Van ECK Associates Corp now owns 1,219 shares of the industrial products company’s stock valued at $145,000 after acquiring an additional 127 shares during the last quarter.

Analysts Set New Price Targets

Several analysts have recently commented on SITE shares. Credit Suisse Group upped their price objective on shares of SiteOne Landscape Supply from $127.00 to $157.00 and gave the company a “hold” rating in a report on Thursday, February 16th. Royal Bank of Canada boosted their target price on shares of SiteOne Landscape Supply from $119.00 to $135.00 and gave the company a “sector perform” rating in a research note on Thursday, February 16th. Truist Financial boosted their target price on shares of SiteOne Landscape Supply from $127.00 to $157.00 and gave the company a “hold” rating in a research note on Thursday, February 16th. StockNews.com upgraded shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, TheStreet upgraded shares of SiteOne Landscape Supply from a “c+” rating to a “b-” rating in a research note on Tuesday, January 24th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, SiteOne Landscape Supply has an average rating of “Hold” and an average price target of $151.70.

SiteOne Landscape Supply Stock Performance

NYSE:SITE opened at $148.58 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.99 and a current ratio of 2.36. The company has a fifty day moving average of $139.81 and a two-hundred day moving average of $125.62. The stock has a market capitalization of $6.68 billion, a PE ratio of 27.77 and a beta of 1.44. SiteOne Landscape Supply, Inc. has a fifty-two week low of $97.36 and a fifty-two week high of $184.19.

SiteOne Landscape Supply (NYSE:SITE – Get Rating) last posted its quarterly earnings data on Wednesday, February 15th. The industrial products company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.15). The company had revenue of $890.00 million for the quarter, compared to analyst estimates of $895.05 million. SiteOne Landscape Supply had a return on equity of 19.75% and a net margin of 6.11%. The business’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 earnings per share. As a group, research analysts forecast that SiteOne Landscape Supply, Inc. will post 4.22 earnings per share for the current fiscal year.

About SiteOne Landscape Supply

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SiteOne Landscape Supply, Inc engages in the distribution of landscape supplies and residential. Its products include hardscapes, landscape accessories, nursery goods, outdoor lighting, and ice melt products to green industry professionals. The company was founded in 2001 and is headquartered in Roswell, GA.