SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives Average Recommendation of "Hold" from Analysts

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Get Free Report) have earned a consensus recommendation of "Hold" from the nine research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $156.44.

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

Insider Buying and Selling

In other news, EVP Joseph Ketter sold 6,500 shares of the company's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $142.20, for a total value of $924,300.00. Following the completion of the transaction, the executive vice president now directly owns 12,942 shares in the company, valued at approximately $1,840,352.40. This represents a 33.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On SiteOne Landscape Supply

A number of hedge funds and other institutional investors have recently modified their holdings of SITE. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of SiteOne Landscape Supply in the 2nd quarter worth about $27,000. Nomura Asset Management Co. Ltd. boosted its holdings in shares of SiteOne Landscape Supply by 90.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company's stock worth $32,000 after purchasing an additional 100 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of SiteOne Landscape Supply by 287.7% in the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company's stock worth $38,000 after purchasing an additional 187 shares in the last quarter. American National Bank & Trust purchased a new position in shares of SiteOne Landscape Supply in the 3rd quarter worth about $49,000. Finally, Quarry LP purchased a new position in shares of SiteOne Landscape Supply in the 2nd quarter worth about $61,000.

SiteOne Landscape Supply Stock Performance

Shares of SITE traded down $5.52 during mid-day trading on Tuesday, hitting $147.59. The stock had a trading volume of 205,919 shares, compared to its average volume of 359,512. The firm has a market cap of $6.66 billion, a P/E ratio of 47.76 and a beta of 1.54. The business has a fifty day moving average price of $146.34 and a 200-day moving average price of $140.03. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. SiteOne Landscape Supply has a 52 week low of $114.60 and a 52 week high of $188.01.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.21). The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. The business's quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.25 earnings per share. On average, equities research analysts expect that SiteOne Landscape Supply will post 3.41 EPS for the current year.

SiteOne Landscape Supply Company Profile

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.