SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives $156.44 Average Target Price from Analysts

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have been given an average recommendation of “Hold” by the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $156.44.

Several research firms have recently commented on SITE. Jefferies Financial Group upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and upped their price target for the stock from $145.00 to $175.00 in a research note on Friday, December 6th. StockNews.com upgraded shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. The Goldman Sachs Group assumed coverage on shares of SiteOne Landscape Supply in a report on Thursday, October 10th. They issued a “neutral” rating and a $158.00 target price on the stock. Robert W. Baird increased 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, Barclays raised their price objective on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a research report on Thursday, October 31st.

SiteOne Landscape Supply Trading Up 0.7 %

NYSE:SITE opened at $131.25 on Friday. The company has a market capitalization of $5.92 billion, a PE ratio of 42.48 and a beta of 1.56. The stock’s 50 day moving average price is $142.99 and its 200 day moving average price is $139.66. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. SiteOne Landscape Supply has a 52-week low of $114.60 and a 52-week high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.21). The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. SiteOne Landscape Supply’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company posted $1.25 EPS. On average, research analysts anticipate that SiteOne Landscape Supply will post 2.94 EPS for the current year.

Insider Buying and Selling

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of SiteOne Landscape Supply stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $142.20, for a total transaction of $924,300.00. Following the completion of the transaction, the executive vice president now owns 12,942 shares in the company, valued at approximately $1,840,352.40. The trade was a 33.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On SiteOne Landscape Supply

A number of institutional investors have recently made changes to their positions in the stock. Barclays PLC boosted its holdings in shares of SiteOne Landscape Supply by 71.2% during the third quarter. Barclays PLC now owns 48,398 shares of the industrial products company’s stock worth $7,304,000 after purchasing an additional 20,134 shares during the last quarter. Holocene Advisors LP grew its stake in shares of SiteOne Landscape Supply by 38.2% in the third quarter. Holocene Advisors LP now owns 51,625 shares of the industrial products company’s stock valued at $7,791,000 after buying an additional 14,269 shares in the last quarter. Algert Global LLC raised its stake in shares of SiteOne Landscape Supply by 375.4% during the third quarter. Algert Global LLC now owns 29,506 shares of the industrial products company’s stock valued at $4,453,000 after purchasing an additional 23,300 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in SiteOne Landscape Supply by 4.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,026 shares of the industrial products company’s stock worth $1,217,000 after buying an additional 447 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new position in shares of SiteOne Landscape Supply in the second quarter worth about $449,000.

SiteOne Landscape Supply Company Profile

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.