Analysts Set SiteOne Landscape Supply, Inc. (NYSE:SITE) Price Target at $167.50

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITEGet Free Report) have been given an average rating of “Hold” by the eight research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $167.50.

A number of equities analysts have weighed in on the stock. Robert W. Baird upped their price target on shares of SiteOne Landscape Supply from $175.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Royal Bank of Canada boosted their target price on shares of SiteOne Landscape Supply from $150.00 to $157.00 and gave the stock a “sector perform” rating in a report on Thursday, February 15th. Barclays lowered their target price on shares of SiteOne Landscape Supply from $145.00 to $133.00 and set an “underweight” rating on the stock in a report on Thursday, May 2nd. Stifel Nicolaus raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and lowered their target price for the stock from $167.00 to $165.00 in a report on Thursday, May 2nd. Finally, Truist Financial lowered their target price on shares of SiteOne Landscape Supply from $204.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd.

View Our Latest Stock Analysis on SiteOne Landscape Supply

Insider Activity at SiteOne Landscape Supply

In related news, CFO John T. Guthrie sold 3,000 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $180.00, for a total transaction of $540,000.00. Following the sale, the chief financial officer now owns 15,467 shares of the company’s stock, valued at $2,784,060. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Doug Black sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $162.10, for a total value of $1,621,000.00. Following the completion of the sale, the chief executive officer now owns 574,657 shares in the company, valued at approximately $93,151,899.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John T. Guthrie sold 3,000 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $180.00, for a total transaction of $540,000.00. Following the completion of the sale, the chief financial officer now owns 15,467 shares of the company’s stock, valued at approximately $2,784,060. The disclosure for this sale can be found here. Insiders have sold a total of 23,000 shares of company stock valued at $3,924,500 over the last 90 days. 2.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SiteOne Landscape Supply

Several institutional investors have recently made changes to their positions in the company. Townsquare Capital LLC lifted its holdings in SiteOne Landscape Supply by 1.1% during the 3rd quarter. Townsquare Capital LLC now owns 6,838 shares of the industrial products company’s stock valued at $1,118,000 after buying an additional 74 shares in the last quarter. Johnson Investment Counsel Inc. lifted its holdings in SiteOne Landscape Supply by 0.9% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 9,456 shares of the industrial products company’s stock valued at $1,546,000 after buying an additional 80 shares in the last quarter. Kestra Advisory Services LLC lifted its holdings in SiteOne Landscape Supply by 5.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 1,717 shares of the industrial products company’s stock valued at $281,000 after buying an additional 88 shares in the last quarter. Legacy Capital Group California Inc. lifted its holdings in SiteOne Landscape Supply by 3.2% during the 4th quarter. Legacy Capital Group California Inc. now owns 2,886 shares of the industrial products company’s stock valued at $469,000 after buying an additional 90 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in SiteOne Landscape Supply by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 19,518 shares of the industrial products company’s stock valued at $3,190,000 after buying an additional 100 shares in the last quarter.

SiteOne Landscape Supply Stock Performance

Shares of NYSE SITE opened at $151.91 on Friday. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 44.03 and a beta of 1.53. SiteOne Landscape Supply has a 12-month low of $116.81 and a 12-month high of $188.01. The firm has a 50 day moving average of $163.55 and a 200 day moving average of $159.72. The company has a current ratio of 2.36, a quick ratio of 0.96 and a debt-to-equity ratio of 0.35.

SiteOne Landscape Supply (NYSE:SITEGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The industrial products company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.22). The firm had revenue of $904.80 million during the quarter, compared to the consensus estimate of $864.01 million. SiteOne Landscape Supply had a return on equity of 10.77% and a net margin of 3.63%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.10) earnings per share. On average, research analysts anticipate that SiteOne Landscape Supply will post 4.02 earnings per share for the current year.

SiteOne Landscape Supply Company Profile

(Get Free Report

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.

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Analyst Recommendations for SiteOne Landscape Supply (NYSE:SITE)

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