SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives Consensus Rating of “Hold” from Analysts

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have earned an average rating of “Hold” from the eleven brokerages that are currently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $159.4444.

A number of equities analysts recently issued reports on the company. Royal Bank Of Canada lifted their target price on SiteOne Landscape Supply from $151.00 to $171.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a report on Wednesday, January 21st. Truist Financial boosted their target price on shares of SiteOne Landscape Supply from $165.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Bank of America started coverage on shares of SiteOne Landscape Supply in a research note on Thursday, December 18th. They issued a “buy” rating and a $147.00 price objective for the company. Finally, Barclays lifted their price target on shares of SiteOne Landscape Supply from $134.00 to $150.00 and gave the company an “equal weight” rating in a report on Thursday, February 12th.

Insider Activity at SiteOne Landscape Supply

In other 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 value of $278,887.65. Following the completion of the sale, the executive vice president directly owned 2,911 shares of the company’s stock, valued at $459,967.11. This represents a 37.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SiteOne Landscape Supply

Several institutional investors have recently bought and sold shares of the company. True Wealth Design LLC lifted its stake in 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 purchasing an additional 168 shares during the last quarter. Rothschild Investment LLC increased its position in SiteOne Landscape Supply by 1,521.4% during the 4th quarter. Rothschild Investment LLC now owns 227 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 213 shares during the period. Allworth Financial LP lifted its stake in shares of SiteOne Landscape Supply by 61.2% in the 2nd quarter. Allworth Financial LP now owns 237 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 90 shares during the period. IFP Advisors Inc boosted its stake in SiteOne Landscape Supply by 106.8% during the fourth 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 Trading Down 0.6%

SiteOne Landscape Supply stock opened at $139.28 on Thursday. SiteOne Landscape Supply has a 1 year low of $101.25 and a 1 year high of $168.56. The company has a market cap of $6.19 billion, a P/E ratio of 41.45, a PEG ratio of 1.81 and a beta of 1.59. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.20 and a current ratio of 2.47. The firm’s 50-day moving average is $143.35 and its 200-day moving average is $135.48.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, February 11th. The industrial products company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.09. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. SiteOne Landscape Supply had a net margin of 3.23% and a return on equity of 9.28%. SiteOne Landscape Supply’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.48) EPS. On average, equities analysts expect that SiteOne Landscape Supply will post 3.61 earnings per share for the current year.

SiteOne Landscape Supply Company Profile

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.