SiteOne Landscape Supply (NYSE:SITE) Given New $120.00 Price Target at Truist Financial

SiteOne Landscape Supply (NYSE:SITE) had its price target reduced by Truist Financial from $200.00 to $120.00 in a report published on Thursday,Benzinga reports. Truist Financial currently has a buy rating on the industrial products company’s stock.

SITE has been the subject of a number of other research reports. Barclays decreased their target price on SiteOne Landscape Supply from $129.00 to $108.00 and set an “equal weight” rating for the company in a report on Thursday. Bank of America decreased their price objective on shares of SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Weiss Ratings downgraded shares of SiteOne Landscape Supply from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, July 20th. KeyCorp reduced their target price on shares of SiteOne Landscape Supply from $145.00 to $135.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Robert W. Baird decreased their price target on shares of SiteOne Landscape Supply from $160.00 to $155.00 and set an “outperform” rating for the company in a research report on Tuesday. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $135.27.

SiteOne Landscape Supply Trading Up 1.3%

Shares of SITE opened at $95.02 on Thursday. SiteOne Landscape Supply has a twelve month low of $90.07 and a twelve month high of $168.56. The firm has a market capitalization of $4.21 billion, a P/E ratio of 26.03, a price-to-earnings-growth ratio of 1.27 and a beta of 1.34. The company has a current ratio of 2.33, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. The stock’s fifty day simple moving average is $106.98 and its 200 day simple moving average is $126.94.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $3.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.22). The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.54 billion. SiteOne Landscape Supply had a net margin of 3.41% and a return on equity of 9.80%. SiteOne Landscape Supply’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $2.86 EPS. On average, equities research analysts forecast that SiteOne Landscape Supply will post 4.02 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Fred M. Diaz sold 562 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $112.52, for a total transaction of $63,236.24. Following the completion of the sale, the director directly owned 11,267 shares of the company’s stock, valued at approximately $1,267,762.84. This trade represents a 4.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On SiteOne Landscape Supply

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Man Group plc raised its position in shares of SiteOne Landscape Supply by 0.4% in the 2nd quarter. Man Group plc now owns 22,338 shares of the industrial products company’s stock valued at $2,702,000 after purchasing an additional 86 shares in the last quarter. Whittier Trust Co. raised its holdings in SiteOne Landscape Supply by 72.7% in the first quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 88 shares in the last quarter. Parallel Advisors LLC boosted its stake in SiteOne Landscape Supply by 15.6% during the 1st quarter. Parallel Advisors LLC now owns 652 shares of the industrial products company’s stock valued at $87,000 after acquiring an additional 88 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in SiteOne Landscape Supply by 0.5% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 16,928 shares of the industrial products company’s stock worth $2,109,000 after acquiring an additional 89 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in SiteOne Landscape Supply by 36.6% during the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 107 shares in the last quarter.

SiteOne Landscape Supply News Summary

Here are the key news stories impacting SiteOne Landscape Supply this week:

• Positive Sentiment: Truist Financial maintained a Buy rating despite cutting its price target from $200 to $120, implying substantial upside from recent levels. Benzinga
• Positive Sentiment: KeyCorp retained an Overweight rating and lowered its target from $145 to $135, suggesting analysts still see meaningful long-term recovery potential. The Fly
• Neutral Sentiment: SiteOne forecast 2026 adjusted EBITDA of approximately $425 million to $455 million. Management also cited a 53rd-week calendar effect as a headwind, adding uncertainty around comparisons and the outlook. Seeking Alpha
• Negative Sentiment: Second-quarter EPS was $3.14, below the $3.36 consensus estimate, while revenue of $1.53 billion also fell short of the $1.54 billion forecast. Although revenue increased 4.7% year over year and EPS rose from $2.86, the earnings miss weakened investor confidence. Zacks
• Negative Sentiment: Analysts, including Robert W. Baird, Truist and KeyCorp, cut their forecasts or price targets after the disappointing quarter. The reductions signal that estimates are being reset lower, helping explain SITE’s decline and elevated trading volume. Benzinga analyst report

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.