Analysts Set SiteOne Landscape Supply, Inc. (NYSE:SITE) PT at $150.50

SiteOne Landscape Supply, Inc. (NYSE:SITE) has received an average recommendation of “Hold” from the twelve ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $150.50.

A number of analysts recently issued reports on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research note on Wednesday. Loop Capital upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and lifted their price target for the stock from $150.00 to $160.00 in a research note on Friday, September 19th. Wall Street Zen upgraded shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Zacks Research lowered shares of SiteOne Landscape Supply from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Finally, Royal Bank Of Canada lifted their price target on shares of SiteOne Landscape Supply from $130.00 to $143.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 31st.

Insider Activity

In related news, CEO Doug Black sold 7,384 shares of SiteOne Landscape Supply stock in a transaction on Friday, July 25th. The shares were sold at an average price of $132.09, for a total value of $975,352.56. Following the completion of the sale, the chief executive officer owned 600,446 shares in the company, valued at approximately $79,312,912.14. The trade was a 1.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.60% of the company’s stock.

Institutional Trading of SiteOne Landscape Supply

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Thrive Wealth Management LLC bought a new stake in SiteOne Landscape Supply during the third quarter valued at $203,000. Oak Thistle LLC bought a new stake in SiteOne Landscape Supply during the third quarter valued at $1,064,000. GAMMA Investing LLC increased its stake in SiteOne Landscape Supply by 24.0% during the third quarter. GAMMA Investing LLC now owns 583 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 113 shares during the last quarter. Squarepoint Ops LLC increased its stake in SiteOne Landscape Supply by 400.5% during the second quarter. Squarepoint Ops LLC now owns 34,500 shares of the industrial products company’s stock valued at $4,172,000 after purchasing an additional 27,607 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its stake in SiteOne Landscape Supply by 2.2% during the second quarter. CANADA LIFE ASSURANCE Co now owns 13,814 shares of the industrial products company’s stock valued at $1,674,000 after purchasing an additional 297 shares during the last quarter.

SiteOne Landscape Supply Trading Down 1.6%

SITE opened at $121.21 on Monday. The firm has a market capitalization of $5.41 billion, a P/E ratio of 44.24, a P/E/G ratio of 2.06 and a beta of 1.59. The firm’s 50 day moving average is $137.54 and its 200-day moving average is $126.56. SiteOne Landscape Supply has a 52-week low of $101.25 and a 52-week high of $160.74. The company has a quick ratio of 1.06, a current ratio of 2.41 and a debt-to-equity ratio of 0.35.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.03). The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.49 billion. SiteOne Landscape Supply had a net margin of 2.69% and a return on equity of 7.80%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.63 EPS. Analysts expect that SiteOne Landscape Supply will post 3.61 EPS for the current fiscal year.

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.