Truist Financial Lowers SiteOne Landscape Supply (NYSE:SITE) Price Target to $120.00

SiteOne Landscape Supply (NYSE:SITE) had its price target lowered by analysts at Truist Financial from $200.00 to $120.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Truist Financial’s target price would indicate a potential upside of 28.28% from the company’s current price.

A number of other equities analysts have also recently commented on SITE. UBS Group reissued a “neutral” rating and issued a $110.00 price objective on shares of SiteOne Landscape Supply in a research note on Thursday. Royal Bank Of Canada set a $135.00 price target on SiteOne Landscape Supply in a research report on Thursday. Robert W. Baird reduced their price objective on SiteOne Landscape Supply from $160.00 to $155.00 and set an “outperform” rating on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research note on Thursday, April 30th. Finally, Barclays dropped their target price on SiteOne Landscape Supply from $129.00 to $108.00 and set an “equal weight” rating for the company in a report on Thursday. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $135.27.

SiteOne Landscape Supply Price Performance

NYSE:SITE traded down $0.24 during trading hours on Thursday, reaching $93.55. The stock had a trading volume of 479,353 shares, compared to its average volume of 780,555. The stock has a market capitalization of $4.14 billion, a PE ratio of 27.68, a PEG ratio of 1.40 and a beta of 1.34. SiteOne Landscape Supply has a 52 week low of $90.07 and a 52 week high of $168.56. The company has a 50 day moving average price of $107.39 and a two-hundred day moving average price of $127.26. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 2.33.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $3.14 EPS for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.22). SiteOne Landscape Supply had a net margin of 3.24% and a return on equity of 9.22%. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the company posted $2.86 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that SiteOne Landscape Supply will post 4.02 earnings per share for the current fiscal year.

Insider Activity at SiteOne Landscape Supply

In other news, Director Fred M. Diaz sold 563 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $115.13, for a total transaction of $64,818.19. Following the transaction, the director owned 11,829 shares of the company’s stock, valued at approximately $1,361,872.77. This represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On SiteOne Landscape Supply

Several hedge funds have recently bought and sold shares of SITE. GAMMA Investing LLC boosted its stake in shares of SiteOne Landscape Supply by 19.1% during the second quarter. GAMMA Investing LLC now owns 2,197 shares of the industrial products company’s stock valued at $251,000 after purchasing an additional 352 shares during the period. Basecamp Wealth Advisors LLC boosted its position in SiteOne Landscape Supply by 219.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 185 shares of the industrial products company’s stock valued at $25,000 after buying an additional 127 shares during the period. NewEdge Advisors LLC boosted its position in SiteOne Landscape Supply by 539.1% in the 1st quarter. NewEdge Advisors LLC now owns 2,550 shares of the industrial products company’s stock valued at $339,000 after buying an additional 2,151 shares during the period. Glenmede Trust Co. NA increased its position in shares of SiteOne Landscape Supply by 13.4% during the first quarter. Glenmede Trust Co. NA now owns 4,998 shares of the industrial products company’s stock worth $665,000 after acquiring an additional 592 shares during the period. Finally, Argent Capital Management LLC purchased a new position in shares of SiteOne Landscape Supply during the first quarter worth approximately $31,917,000.

Key Headlines Impacting SiteOne Landscape Supply

Here are the key news stories impacting SiteOne Landscape Supply this week:

• Positive Sentiment: SiteOne reported second-quarter revenue of approximately $1.53 billion, up 4.7% year over year, while earnings per share increased to $3.14 from $2.86 a year earlier. KeyCorp maintained an Overweight rating and still sees substantial potential upside, despite lowering its price target to $135 from $145. Benzinga
• Neutral Sentiment: Management expects 2026 adjusted EBITDA of $425 million to $455 million. However, the company cited the impact of a 53rd week in the calendar, which may complicate year-over-year comparisons and limit reported profitability growth. SiteOne EBITDA Outlook
• Negative Sentiment: Second-quarter EPS of $3.14 missed the $3.36 consensus estimate by $0.22, and revenue of $1.53 billion was below the $1.54 billion forecast. The earnings shortfall triggered the market’s negative reaction. Zacks Earnings Report
• Negative Sentiment: Analysts cut their forecasts following the results. Robert W. Baird lowered its expectations, while KeyCorp reduced its price target even though it retained a positive rating. The stock subsequently reached a new 52-week low, underscoring investor concern about near-term operating performance. SiteOne New 52-Week Low

About SiteOne Landscape Supply

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.