Brokerages Set SiteOne Landscape Supply, Inc. (NYSE:SITE) Target Price at $156.44

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Get Free Report) have been given an average rating of "Hold" by the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $156.44.

SITE has been the subject of several research reports. Barclays lifted their target price on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an "underweight" rating in a report on Thursday, October 31st. StockNews.com raised SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a "hold" rating to a "buy" rating and raised their target price for the company from $145.00 to $175.00 in a report on Friday, December 6th. Robert W. Baird increased their price objective on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Finally, The Goldman Sachs Group assumed coverage on shares of SiteOne Landscape Supply in a report on Thursday, October 10th. They issued a "neutral" rating and a $158.00 price objective on the stock.

Insider Transactions at SiteOne Landscape Supply

In other news, EVP Joseph Ketter sold 6,500 shares of the company's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $142.20, for a total value of $924,300.00. Following the sale, the executive vice president now directly owns 12,942 shares in the company, valued at $1,840,352.40. This represents a 33.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.70% of the company's stock.

Institutional Trading of SiteOne Landscape Supply

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wasatch Advisors LP grew its stake in SiteOne Landscape Supply by 11.4% during the third quarter. Wasatch Advisors LP now owns 1,577,651 shares of the industrial products company's stock worth $238,083,000 after buying an additional 161,846 shares during the period. Bamco Inc. NY boosted its position in SiteOne Landscape Supply by 8.9% during the 3rd quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company's stock worth $238,489,000 after purchasing an additional 129,252 shares during the period. American Century Companies Inc. increased its holdings in SiteOne Landscape Supply by 44.3% in the 2nd quarter. American Century Companies Inc. now owns 360,079 shares of the industrial products company's stock valued at $43,717,000 after purchasing an additional 110,589 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in SiteOne Landscape Supply in the second quarter valued at about $7,540,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of SiteOne Landscape Supply by 10.3% during the second quarter. Dimensional Fund Advisors LP now owns 568,349 shares of the industrial products company's stock worth $69,007,000 after purchasing an additional 53,131 shares in the last quarter.

SiteOne Landscape Supply Price Performance

Shares of NYSE:SITE traded up $1.29 during midday trading on Friday, reaching $130.33. 365,925 shares of the company's stock traded hands, compared to its average volume of 292,513. The company has a market cap of $5.88 billion, a P/E ratio of 42.18 and a beta of 1.56. The company has a fifty day simple moving average of $143.28 and a two-hundred day simple moving average of $139.54. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. SiteOne Landscape Supply has a 1 year low of $114.60 and a 1 year high of $188.01.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last released its earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share for the quarter, missing analysts' consensus estimates of $1.18 by ($0.21). The business had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.19 billion. SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The company's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the business earned $1.25 earnings per share. Equities analysts predict that SiteOne Landscape Supply will post 2.94 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.