SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives $156.44 Consensus PT from Analysts

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

A number of equities analysts have weighed in on the stock. Robert W. Baird boosted their target price on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Barclays boosted their price objective on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an "underweight" rating in a research report on Thursday, October 31st. The Goldman Sachs Group initiated coverage on SiteOne Landscape Supply in a research report on Thursday, October 10th. They issued a "neutral" rating and a $158.00 price objective on the stock. Jefferies Financial Group upgraded SiteOne Landscape Supply from a "hold" rating to a "buy" rating and boosted their target price for the stock from $145.00 to $175.00 in a research report on Friday, December 6th. Finally, StockNews.com upgraded SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a report on Tuesday.

Insiders Place Their Bets

In other news, EVP Joseph Ketter sold 6,500 shares of the business's stock in a transaction on Thursday, November 21st. The shares were 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 owns 12,942 shares of the company's stock, valued at $1,840,352.40. The trade was a 33.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.70% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SITE. Nomura Asset Management Co. Ltd. raised its holdings in shares of SiteOne Landscape Supply by 90.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company's stock worth $32,000 after acquiring an additional 100 shares during the period. Blue Trust Inc. raised its stake 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 valued at $38,000 after purchasing an additional 187 shares during the period. Trust Co. of Vermont lifted its holdings in shares of SiteOne Landscape Supply by 657.9% in the fourth quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 250 shares in the last quarter. American National Bank & Trust bought a new position in shares of SiteOne Landscape Supply during the third quarter worth about $49,000. Finally, Quarry LP bought a new position in shares of SiteOne Landscape Supply during the second quarter worth about $61,000.

SiteOne Landscape Supply Price Performance

SITE stock traded down $1.24 during midday trading on Wednesday, reaching $142.31. 251,337 shares of the company's stock traded hands, compared to its average volume of 277,907. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. The company has a market cap of $6.42 billion, a price-to-earnings ratio of 46.06 and a beta of 1.56. The company has a 50-day simple moving average of $140.94 and a two-hundred day simple moving average of $141.66. 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 quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.18 by ($0.21). SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the firm earned $1.25 earnings per share. The business's quarterly revenue was up 5.6% compared to the same quarter last year. On average, analysts anticipate that SiteOne Landscape Supply will post 2.94 earnings per share 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.