SiteOne Landscape Supply, Inc. (NYSE:SITE) Given Consensus Recommendation of “Hold” by Analysts

SiteOne Landscape Supply, Inc. (NYSE:SITE) has received an average recommendation of “Hold” from the ten analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $145.70.

Several equities research analysts recently commented on SITE shares. Barclays dropped their target price on SiteOne Landscape Supply from $120.00 to $106.00 and set an “underweight” rating on the stock in a report on Tuesday, April 8th. Stifel Nicolaus dropped their price objective on shares of SiteOne Landscape Supply from $145.00 to $126.00 and set a “hold” rating on the stock in a research note on Monday, April 28th. Loop Capital dropped their price objective on shares of SiteOne Landscape Supply from $150.00 to $125.00 and set a “hold” rating on the stock in a research note on Friday, April 4th. Royal Bank of Canada dropped their price objective on shares of SiteOne Landscape Supply from $136.00 to $130.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 1st. Finally, Robert W. Baird dropped their price target on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th.

Institutional Trading of SiteOne Landscape Supply

A number of hedge funds and other institutional investors have recently made changes to their positions in SITE. Arizona State Retirement System increased its position in shares of SiteOne Landscape Supply by 0.6% in the 4th quarter. Arizona State Retirement System now owns 13,096 shares of the industrial products company’s stock worth $1,726,000 after purchasing an additional 77 shares during the last quarter. HighPoint Advisor Group LLC increased its holdings in SiteOne Landscape Supply by 4.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 2,037 shares of the industrial products company’s stock valued at $271,000 after buying an additional 78 shares during the last quarter. State of Wyoming increased its holdings in shares of SiteOne Landscape Supply by 6.2% in the 4th quarter. State of Wyoming now owns 1,389 shares of the industrial products company’s stock valued at $183,000 after acquiring an additional 81 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of SiteOne Landscape Supply by 24.3% in the 1st quarter. GAMMA Investing LLC now owns 486 shares of the industrial products company’s stock valued at $59,000 after acquiring an additional 95 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of SiteOne Landscape Supply by 36.6% in the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 107 shares during the last quarter.

SiteOne Landscape Supply Stock Performance

Shares of SITE stock opened at $114.11 on Tuesday. The company’s fifty day simple moving average is $116.90 and its 200-day simple moving average is $129.82. SiteOne Landscape Supply has a 52 week low of $101.25 and a 52 week high of $160.75. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. The company has a market cap of $5.11 billion, a PE ratio of 42.42 and a beta of 1.62.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, April 30th. The industrial products company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.50) by ($0.11). SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. The company had revenue of $939.40 million during the quarter, compared to analysts’ expectations of $933.90 million. During the same period last year, the business earned ($0.43) earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, equities research analysts anticipate that SiteOne Landscape Supply will post 3.61 EPS 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.