SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives Consensus Rating of “Hold” from Brokerages

SiteOne Landscape Supply, Inc. (NYSE:SITE) has been given an average recommendation of “Hold” by the nine ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $156.44.

Several equities analysts have recently issued reports on the company. Barclays lifted their price target on 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 started coverage on shares of SiteOne Landscape Supply in a report on Thursday, October 10th. They issued a “neutral” rating and a $158.00 target price for the company. StockNews.com upgraded shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Jefferies Financial Group upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $145.00 to $175.00 in a report on Friday. Finally, Robert W. Baird increased their target price on SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th.

SiteOne Landscape Supply Price Performance

Shares of NYSE SITE opened at $153.19 on Tuesday. The company has a 50 day simple moving average of $146.39 and a two-hundred day simple moving average of $140.08. SiteOne Landscape Supply has a fifty-two week low of $114.60 and a fifty-two week high of $188.01. The company has a market capitalization of $6.91 billion, a price-to-earnings ratio of 49.58 and a beta of 1.54. 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 (NYSE:SITE) last posted its quarterly earnings data 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). SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the business earned $1.25 EPS. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. Analysts expect that SiteOne Landscape Supply will post 3.41 EPS for the current fiscal year.

Insider Buying and Selling at SiteOne Landscape Supply

In related news, EVP Joseph Ketter sold 6,500 shares of the firm’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 directly owns 12,942 shares of the company’s stock, valued at approximately $1,840,352.40. This trade represents a 33.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On SiteOne Landscape Supply

A number of institutional investors and hedge funds have recently made changes to their positions in SITE. 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 during the period. Whittier Trust Co. of Nevada Inc. bought a new stake in SiteOne Landscape Supply in the second quarter worth $27,000. Blue Trust Inc. boosted its stake in SiteOne Landscape Supply by 287.7% during the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock worth $38,000 after buying an additional 187 shares during the period. American National Bank & Trust bought a new position in SiteOne Landscape Supply during the third quarter valued at $49,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of SiteOne Landscape Supply in the third quarter valued at $71,000.

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.