SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives $144.33 Average Target Price from Analysts

SiteOne Landscape Supply, Inc. (NYSE:SITE) has been assigned a consensus rating of “Hold” from the nine research firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $144.33.

SITE has been the subject of a number of research analyst reports. Robert W. Baird reduced their price objective on shares of SiteOne Landscape Supply from $175.00 to $168.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st. StockNews.com lowered shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research note on Saturday, August 10th. UBS Group cut their price objective on shares of SiteOne Landscape Supply from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Barclays decreased their target price on 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. Finally, Stifel Nicolaus cut SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 price target for the company. in a report on Thursday, August 1st.

SiteOne Landscape Supply Stock Up 0.2 %

SiteOne Landscape Supply stock opened at $151.19 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.47 and a quick ratio of 1.10. The company’s 50-day moving average is $139.90 and its 200-day moving average is $147.05. The firm has a market capitalization of $6.82 billion, a PE ratio of 43.82 and a beta of 1.53. SiteOne Landscape Supply has a fifty-two week low of $114.60 and a fifty-two week high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.13. SiteOne Landscape Supply had a return on equity of 10.27% and a net margin of 3.50%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the company earned $2.71 earnings per share. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. Sell-side analysts anticipate that SiteOne Landscape Supply will post 3.19 earnings per share for the current year.

Insider Buying and Selling at SiteOne Landscape Supply

In other news, Director Fred M. Diaz sold 878 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $1,453,893.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.70% of the company’s stock.

Institutional Trading of SiteOne Landscape Supply

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in SiteOne Landscape Supply by 0.6% in the first quarter. Vanguard Group Inc. now owns 4,158,085 shares of the industrial products company’s stock valued at $725,794,000 after acquiring an additional 23,362 shares during the last quarter. Conestoga Capital Advisors LLC increased its position in SiteOne Landscape Supply by 2.5% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,141,624 shares of the industrial products company’s stock worth $138,605,000 after purchasing an additional 28,265 shares in the last quarter. Wasatch Advisors LP lifted its stake in SiteOne Landscape Supply by 47.8% in the 1st quarter. Wasatch Advisors LP now owns 986,602 shares of the industrial products company’s stock valued at $172,211,000 after purchasing an additional 319,071 shares during the last quarter. Allianz Asset Management GmbH boosted its position in SiteOne Landscape Supply by 14.7% in the fourth quarter. Allianz Asset Management GmbH now owns 798,300 shares of the industrial products company’s stock valued at $129,724,000 after buying an additional 102,207 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in SiteOne Landscape Supply by 10.3% in the second quarter. Dimensional Fund Advisors LP now owns 568,349 shares of the industrial products company’s stock valued at $69,007,000 after buying an additional 53,131 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.