SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives $147.20 Average Target Price from Analysts

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Get Free Report) have earned a consensus recommendation of "Hold" from the ten ratings firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $147.20.

Several research firms have recently weighed in on SITE. Barclays lowered their target price on shares of SiteOne Landscape Supply from $129.00 to $114.00 and set an "underweight" rating on the stock in a report on Friday, July 12th. Stifel Nicolaus lowered shares of SiteOne Landscape Supply from a "buy" rating to a "hold" rating and set a $150.00 price objective for the company. in a report on Thursday, August 1st. The Goldman Sachs Group began coverage on 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 SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Finally, StockNews.com downgraded SiteOne Landscape Supply from a "hold" rating to a "sell" rating in a research report on Saturday, August 10th.

Insider Activity at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 878 shares of the company's stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $129.04, for a total transaction of $113,297.12. Following the transaction, the director now directly owns 11,267 shares in the company, valued at approximately $1,453,893.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.70% of the stock is owned by company insiders.

Institutional Trading of SiteOne Landscape Supply

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James & Associates lifted its stake in shares of SiteOne Landscape Supply by 8.0% in the 3rd quarter. Raymond James & Associates now owns 309,389 shares of the industrial products company's stock valued at $46,690,000 after purchasing an additional 23,021 shares during the period. Blue Trust Inc. lifted its stake in SiteOne Landscape Supply by 287.7% in the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company's stock valued at $38,000 after buying an additional 187 shares during the period. Mitchell & Pahl Private Wealth LLC grew its position in shares of SiteOne Landscape Supply by 5.0% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 4,560 shares of the industrial products company's stock worth $688,000 after buying an additional 219 shares during the period. McCollum Christoferson Group LLC increased its stake in shares of SiteOne Landscape Supply by 0.3% in the 3rd quarter. McCollum Christoferson Group LLC now owns 57,877 shares of the industrial products company's stock valued at $8,734,000 after acquiring an additional 180 shares during the last quarter. Finally, LVW Advisors LLC raised its position in shares of SiteOne Landscape Supply by 10.3% in the 3rd quarter. LVW Advisors LLC now owns 3,942 shares of the industrial products company's stock valued at $595,000 after acquiring an additional 368 shares during the period.

SiteOne Landscape Supply Price Performance

NYSE SITE traded down $2.93 during trading on Monday, reaching $142.10. 403,316 shares of the company traded hands, compared to its average volume of 362,871. SiteOne Landscape Supply has a 1-year low of $114.60 and a 1-year high of $188.01. The company has a market cap of $6.41 billion, a price-to-earnings ratio of 42.12 and a beta of 1.53. The stock's 50 day moving average price is $142.32 and its two-hundred day moving average price is $143.53. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 2.47.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.50 by $0.13. SiteOne Landscape Supply had a return on equity of 10.27% and a net margin of 3.50%. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the firm earned $2.71 EPS. SiteOne Landscape Supply's quarterly revenue was up 4.4% on a year-over-year basis. As a group, analysts anticipate that SiteOne Landscape Supply will post 3.23 EPS for the current 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.