SiteOne Landscape Supply Inc (NYSE:SITE) has earned an average rating of “Buy” from the twelve analysts that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $82.00.
SITE has been the topic of a number of recent research reports. UBS Group raised their target price on SiteOne Landscape Supply from $76.00 to $80.00 and gave the company a “sell” rating in a research note on Thursday, August 30th. Goldman Sachs Group initiated coverage on SiteOne Landscape Supply in a research note on Tuesday, October 2nd. They issued a “buy” rating and a $111.00 target price on the stock. TheStreet upgraded SiteOne Landscape Supply from a “c” rating to a “b-” rating in a research note on Thursday, August 9th. Zacks Investment Research cut SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research note on Thursday, July 19th. Finally, Royal Bank of Canada set a $105.00 target price on SiteOne Landscape Supply and gave the company a “buy” rating in a research note on Thursday, August 2nd.
SITE stock opened at $69.69 on Friday. The company has a current ratio of 2.69, a quick ratio of 1.23 and a debt-to-equity ratio of 2.15. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 57.60 and a beta of 1.46. SiteOne Landscape Supply has a 1 year low of $60.08 and a 1 year high of $95.49.
SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, August 1st. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.07). The company had revenue of $687.80 million during the quarter, compared to the consensus estimate of $689.21 million. SiteOne Landscape Supply had a net margin of 3.39% and a return on equity of 28.71%. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.07 earnings per share. As a group, analysts predict that SiteOne Landscape Supply will post 2.01 EPS for the current year.
In related news, EVP Pascal Convers sold 65,225 shares of SiteOne Landscape Supply stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $90.76, for a total transaction of $5,919,821.00. Following the sale, the executive vice president now directly owns 64,225 shares in the company, valued at $5,829,061. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP L Briley Brisendine, Jr. sold 1,600 shares of SiteOne Landscape Supply stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $89.05, for a total transaction of $142,480.00. Following the sale, the executive vice president now owns 28,348 shares in the company, valued at $2,524,389.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 199,925 shares of company stock worth $17,895,116. Company insiders own 4.40% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of SITE. SG Americas Securities LLC raised its stake in shares of SiteOne Landscape Supply by 87.6% during the second quarter. SG Americas Securities LLC now owns 4,104 shares of the industrial products company’s stock valued at $345,000 after purchasing an additional 1,916 shares in the last quarter. Strs Ohio grew its holdings in SiteOne Landscape Supply by 246.2% during the second quarter. Strs Ohio now owns 4,500 shares of the industrial products company’s stock worth $377,000 after acquiring an additional 3,200 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in SiteOne Landscape Supply by 62.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 4,735 shares of the industrial products company’s stock worth $397,000 after acquiring an additional 1,813 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in SiteOne Landscape Supply during the second quarter worth about $419,000. Finally, Sei Investments Co. grew its holdings in SiteOne Landscape Supply by 78.8% during the second quarter. Sei Investments Co. now owns 4,993 shares of the industrial products company’s stock worth $419,000 after acquiring an additional 2,201 shares during the period.
About SiteOne Landscape Supply
SiteOne Landscape Supply, Inc, through its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation supplies; fertilizer and control products, such as herbicides; landscape accessories; nursery goods outdoor lighting; and ice melt products, as well as hardscapes, including pavers, natural stones, and blocks; turf protection products; grass seed; and turf care equipment and golf course maintenance supplies, as well as value-added consultative services to its customers.
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