SiteOne Landscape Supply (SITE) Scheduled to Post Quarterly Earnings on Wednesday

SiteOne Landscape Supply (NYSE:SITEGet Free Report) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, February 14th. Analysts expect the company to announce earnings of ($0.18) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

SiteOne Landscape Supply Stock Up 1.7 %

Shares of SiteOne Landscape Supply stock opened at $163.39 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.40 and a quick ratio of 1.10. SiteOne Landscape Supply has a 1 year low of $116.81 and a 1 year high of $176.16. The firm’s 50-day moving average is $156.95 and its two-hundred day moving average is $153.61. The stock has a market cap of $7.37 billion, a price-to-earnings ratio of 42.32 and a beta of 1.54.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SITE shares. Royal Bank of Canada lowered their price target on shares of SiteOne Landscape Supply from $141.00 to $131.00 and set a “sector perform” rating on the stock in a report on Thursday, November 2nd. Truist Financial raised their price target on shares of SiteOne Landscape Supply from $158.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, December 12th. Loop Capital cut shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a $120.00 price target (down from $123.00) on shares of SiteOne Landscape Supply in a report on Friday, December 8th. Finally, Stifel Nicolaus cut shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating and raised their price target for the company from $150.00 to $167.00 in a report on Tuesday, December 19th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, SiteOne Landscape Supply presently has a consensus rating of “Hold” and an average target price of $160.60.

Read Our Latest Report on SiteOne Landscape Supply

Insider Buying and Selling at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, CEO Doug Black sold 10,000 shares of SiteOne Landscape Supply stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $153.29, for a total transaction of $1,532,900.00. Following the completion of the sale, the chief executive officer now directly owns 580,886 shares in the company, valued at approximately $89,044,014.94. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On SiteOne Landscape Supply

Institutional investors have recently made changes to their positions in the company. Eagle Bay Advisors LLC purchased a new position in shares of SiteOne Landscape Supply during the 2nd quarter valued at approximately $29,000. Bessemer Group Inc. increased its holdings in shares of SiteOne Landscape Supply by 383.3% during the 4th quarter. Bessemer Group Inc. now owns 261 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 207 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in shares of SiteOne Landscape Supply by 81.7% during the 2nd quarter. Benjamin Edwards Inc. now owns 218 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 98 shares in the last quarter. Covestor Ltd increased its holdings in shares of SiteOne Landscape Supply by 113.5% during the 1st quarter. Covestor Ltd now owns 331 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 176 shares in the last quarter. Finally, State of Wyoming increased its holdings in shares of SiteOne Landscape Supply by 25.5% during the 2nd quarter. State of Wyoming now owns 542 shares of the industrial products company’s stock valued at $91,000 after purchasing an additional 110 shares in the last quarter.

About SiteOne Landscape Supply

(Get Free Report)

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 a selection of approximately 155,000 stock keeping units, including irrigation supplies, which comprise controllers, valves, sprinkler heads, and irrigation pipes; 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; 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.

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Earnings History for SiteOne Landscape Supply (NYSE:SITE)

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