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

SiteOne Landscape Supply, Inc. (NYSE:SITE) has earned an average recommendation of “Hold” from the thirteen research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $152.10.

Several brokerages have weighed in on SITE. Zacks Research downgraded shares of SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a report on Wednesday, October 8th. William Blair reissued a “market perform” rating on shares of SiteOne Landscape Supply in a research report on Wednesday, October 15th. Stifel Nicolaus set a $140.00 target price on SiteOne Landscape Supply in a research note on Monday, November 17th. Finally, Royal Bank Of Canada upped their target price on SiteOne Landscape Supply from $143.00 to $151.00 and gave the company a “sector perform” rating in a research report on Thursday, October 30th.

SiteOne Landscape Supply Price Performance

SITE opened at $129.19 on Tuesday. The firm has a market capitalization of $5.75 billion, a PE ratio of 41.94, a price-to-earnings-growth ratio of 2.13 and a beta of 1.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.49 and a quick ratio of 1.14. The business’s 50-day moving average is $126.56 and its two-hundred day moving average is $128.72. SiteOne Landscape Supply has a 1 year low of $101.25 and a 1 year high of $160.74.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.09. SiteOne Landscape Supply had a net margin of 2.98% and a return on equity of 8.62%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period last year, the business earned $0.97 EPS. The company’s revenue was up 4.1% compared to the same quarter last year. Research analysts anticipate that SiteOne Landscape Supply will post 3.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SiteOne Landscape Supply

Hedge funds and other institutional investors have recently modified their holdings of the stock. Teacher Retirement System of Texas grew its holdings in shares of SiteOne Landscape Supply by 16.0% during the second quarter. Teacher Retirement System of Texas now owns 10,308 shares of the industrial products company’s stock valued at $1,247,000 after buying an additional 1,422 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in SiteOne Landscape Supply by 0.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 555,858 shares of the industrial products company’s stock worth $67,503,000 after acquiring an additional 2,951 shares during the last quarter. TD Asset Management Inc raised its stake in SiteOne Landscape Supply by 18.3% in the 1st quarter. TD Asset Management Inc now owns 61,389 shares of the industrial products company’s stock worth $7,455,000 after acquiring an additional 9,496 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in SiteOne Landscape Supply during the 2nd quarter worth about $989,000. Finally, Avantax Advisory Services Inc. grew its stake in SiteOne Landscape Supply by 14.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 9,753 shares of the industrial products company’s stock valued at $1,184,000 after purchasing an additional 1,224 shares during the last quarter.

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.