SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives $159.44 Consensus Target Price from Analysts

SiteOne Landscape Supply, Inc. (NYSE:SITE) has been assigned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $159.4444.

A number of brokerages recently weighed in on SITE. Weiss Ratings restated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a report on Wednesday, January 21st. Truist Financial raised their price target on shares of SiteOne Landscape Supply from $165.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Zacks Research upgraded shares of SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. Royal Bank Of Canada upped their price objective on SiteOne Landscape Supply from $151.00 to $171.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Finally, Stifel Nicolaus set a $144.00 price objective on SiteOne Landscape Supply in a research note on Monday, February 9th.

Insiders Place Their Bets

In other SiteOne Landscape Supply news, EVP Eric J. Elema sold 1,765 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $158.01, for a total transaction of $278,887.65. Following the sale, the executive vice president owned 2,911 shares in the company, valued at $459,967.11. This represents a 37.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SiteOne Landscape Supply

Several hedge funds and other institutional investors have recently made changes to their positions in SITE. True Wealth Design LLC increased its stake in shares of SiteOne Landscape Supply by 541.9% during the fourth quarter. True Wealth Design LLC now owns 199 shares of the industrial products company’s stock worth $25,000 after buying an additional 168 shares during the period. Rothschild Investment LLC lifted its stake in SiteOne Landscape Supply by 1,521.4% in the fourth quarter. Rothschild Investment LLC now owns 227 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 213 shares during the last quarter. Allworth Financial LP lifted its stake in SiteOne Landscape Supply by 61.2% in the second quarter. Allworth Financial LP now owns 237 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 90 shares during the last quarter. IFP Advisors Inc grew its holdings 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, Empowered Funds LLC acquired a new position in SiteOne Landscape Supply during the 4th quarter worth approximately $42,000.

SiteOne Landscape Supply Stock Performance

Shares of SiteOne Landscape Supply stock opened at $134.12 on Thursday. The business has a 50-day moving average of $143.73 and a 200 day moving average of $135.33. SiteOne Landscape Supply has a 12 month low of $101.25 and a 12 month high of $168.56. The stock has a market capitalization of $5.96 billion, a price-to-earnings ratio of 39.92, a price-to-earnings-growth ratio of 1.69 and a beta of 1.59. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.47 and a quick ratio of 1.20.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, February 11th. The industrial products company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.29) by $0.09. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. SiteOne Landscape Supply had a return on equity of 9.28% and a net margin of 3.23%.SiteOne Landscape Supply’s revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.48) EPS. As a group, sell-side analysts forecast that SiteOne Landscape Supply will post 3.61 earnings per share for the current year.

About SiteOne Landscape Supply

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.