SiteOne Landscape Supply, Inc. (NYSE:SITE) Stock Has Consensus Target Price of $132.80 According to Brokerages

SiteOne Landscape Supply, Inc. (NYSE:SITE) has been assigned a consensus rating of “Hold” from the thirteen ratings firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $132.80.

A number of equities research analysts have recently weighed in on SITE shares. Zacks Research lowered shares of SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a report on Monday, June 22nd. Robert W. Baird lowered their price target on SiteOne Landscape Supply from $160.00 to $155.00 and set an “outperform” rating for the company in a research report on Tuesday, July 28th. Barclays dropped their price target on SiteOne Landscape Supply from $129.00 to $108.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. Truist Financial cut their price objective on SiteOne Landscape Supply from $200.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Finally, Weiss Ratings downgraded SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, September 18th.

Insider Transactions at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, CEO Doug Black bought 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was bought at an average cost of $102.03 per share, for a total transaction of $816,240.00. Following the completion of the transaction, the chief executive officer directly owned 8,000 shares of the company’s stock, valued at approximately $816,240. This trade represents a ? increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On SiteOne Landscape Supply

Institutional investors and hedge funds have recently modified their holdings of the stock. Whittier Trust Co. lifted its position in shares of SiteOne Landscape Supply by 72.7% during the 1st quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock worth $27,000 after buying an additional 88 shares during the last quarter. Parallel Advisors LLC grew its position in shares of SiteOne Landscape Supply by 15.6% in the 1st quarter. Parallel Advisors LLC now owns 652 shares of the industrial products company’s stock valued at $87,000 after buying an additional 88 shares during the last quarter. Basecamp Wealth Advisors LLC raised its stake in SiteOne Landscape Supply by 219.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 185 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 127 shares in the last quarter. IFP Advisors Inc raised its stake in SiteOne Landscape Supply by 106.8% during the 4th quarter. IFP Advisors Inc now owns 306 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 158 shares in the last quarter. Finally, Mitchell & Pahl Private Wealth LLC lifted its position in SiteOne Landscape Supply by 3.0% in the first quarter. Mitchell & Pahl Private Wealth LLC now owns 6,091 shares of the industrial products company’s stock valued at $811,000 after acquiring an additional 176 shares during the last quarter.

SiteOne Landscape Supply Price Performance

NYSE SITE opened at $91.40 on Monday. The firm’s fifty day simple moving average is $96.73 and its two-hundred day simple moving average is $112.42. The firm has a market capitalization of $3.99 billion, a P/E ratio of 25.04, a P/E/G ratio of 1.33 and a beta of 1.34. The company has a current ratio of 2.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.36. SiteOne Landscape Supply has a 12-month low of $86.20 and a 12-month high of $168.56.

SiteOne Landscape Supply (NYSE:SITE) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $3.14 earnings per share for the quarter, missing the consensus estimate of $3.36 by ($0.22). SiteOne Landscape Supply had a return on equity of 9.76% and a net margin of 3.41%.The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter last year, the firm earned $2.86 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. Analysts forecast that SiteOne Landscape Supply will post 3.93 EPS for the current fiscal year.

About SiteOne Landscape Supply

SiteOne Landscape Supply, Inc is a wholesale distributor of landscape, irrigation, and outdoor living products serving professional customers across the United States and Canada. The company supplies landscape contractors, golf course professionals, green-industry businesses, municipalities, and other commercial customers through a network of local branches and distribution facilities.

Its product offerings include irrigation and water-management systems, nursery and landscape supplies, seed, fertilizer, turf and ornamental plant protection products, landscape lighting, hardscape materials, outdoor living products, and related maintenance equipment.