Analysts Set SiteOne Landscape Supply, Inc. (NYSE:SITE) Price Target at $147.20

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have earned a consensus recommendation of “Hold” from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $147.20.

A number of equities research analysts have recently commented on the company. Jefferies Financial Group lowered their target price on SiteOne Landscape Supply from $160.00 to $125.00 and set a “hold” rating on the stock in a research note on Thursday, July 11th. Barclays lowered their price objective on shares of SiteOne Landscape Supply from $129.00 to $114.00 and set an “underweight” rating on the stock in a research report on Friday, July 12th. StockNews.com downgraded shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th. Robert W. Baird lifted their price target on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, Stifel Nicolaus downgraded SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 price objective on the stock. in a research note on Thursday, August 1st.

SiteOne Landscape Supply Stock Performance

Shares of SITE stock opened at $139.19 on Monday. SiteOne Landscape Supply has a one year low of $114.60 and a one year high of $188.01. The company has a market cap of $6.28 billion, a P/E ratio of 41.30 and a beta of 1.53. The firm has a 50-day moving average of $142.72 and a 200-day moving average of $143.11. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.47 and a quick ratio of 1.10.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, July 31st. The industrial products company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.50 by $0.13. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.39 billion. SiteOne Landscape Supply had a net margin of 3.50% and a return on equity of 10.27%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.71 EPS. Equities research analysts forecast that SiteOne Landscape Supply will post 3.23 EPS for the current fiscal year.

Insider Transactions at SiteOne Landscape Supply

In other news, Director Fred M. Diaz sold 878 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $129.04, for a total transaction of $113,297.12. Following the sale, the director now directly owns 11,267 shares in the company, valued at $1,453,893.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SITE. International Assets Investment Management LLC raised its position in shares of SiteOne Landscape Supply by 6,488.6% in the third quarter. International Assets Investment Management LLC now owns 36,369 shares of the industrial products company’s stock worth $5,488,000 after buying an additional 35,817 shares in the last quarter. Eagle Bay Advisors LLC increased its stake in SiteOne Landscape Supply by 126.9% in the 3rd quarter. Eagle Bay Advisors LLC now owns 497 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 278 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of SiteOne Landscape Supply by 4.2% in the 3rd quarter. Private Advisor Group LLC now owns 9,249 shares of the industrial products company’s stock valued at $1,396,000 after acquiring an additional 373 shares in the last quarter. Raymond James & Associates boosted its position in shares of SiteOne Landscape Supply by 8.0% during the 3rd quarter. Raymond James & Associates now owns 309,389 shares of the industrial products company’s stock valued at $46,690,000 after acquiring an additional 23,021 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of SiteOne Landscape Supply by 287.7% during the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 187 shares in the last quarter.

About SiteOne Landscape Supply

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.