SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives $147.00 Consensus Price Target from Brokerages

SiteOne Landscape Supply, Inc. (NYSE:SITE) has been given a consensus recommendation of “Hold” by the ten brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $147.00.

A number of equities research analysts have commented on SITE shares. Royal Bank Of Canada raised their target price on SiteOne Landscape Supply from $130.00 to $143.00 and gave the company a “sector perform” rating in a report on Thursday, July 31st. Truist Financial reduced their target price on SiteOne Landscape Supply from $165.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Wall Street Zen raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Stifel Nicolaus lowered their target price on SiteOne Landscape Supply from $145.00 to $126.00 and set a “hold” rating on the stock in a report on Monday, April 28th.

Insider Buying and Selling at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 39,640 shares of the company’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $126.28, for a total value of $5,005,739.20. Following the sale, the executive vice president owned 13,663 shares of the company’s stock, valued at approximately $1,725,363.64. This represents a 74.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Doug Black sold 7,384 shares of the company’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $132.09, for a total value of $975,352.56. Following the completion of the sale, the chief executive officer directly owned 600,446 shares in the company, valued at $79,312,912.14. This trade represents a 1.21% decrease in their position. The disclosure for this sale can be found here. Insiders sold 76,784 shares of company stock worth $9,828,465 in the last three months. 2.60% of the stock is owned by corporate insiders.

Institutional Trading of SiteOne Landscape Supply

Several large investors have recently bought and sold shares of SITE. Sterling Capital Management LLC raised its holdings in shares of SiteOne Landscape Supply by 42.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,954 shares of the industrial products company’s stock worth $257,000 after acquiring an additional 583 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of SiteOne Landscape Supply in the fourth quarter worth $386,000. Marshall Wace LLP acquired a new position in shares of SiteOne Landscape Supply in the fourth quarter worth $447,000. Canada Pension Plan Investment Board raised its holdings in shares of SiteOne Landscape Supply by 4,720.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 24,100 shares of the industrial products company’s stock worth $3,176,000 after acquiring an additional 23,600 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its holdings in shares of SiteOne Landscape Supply by 5.8% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 9,940 shares of the industrial products company’s stock worth $1,307,000 after acquiring an additional 547 shares during the last quarter.

SiteOne Landscape Supply Price Performance

SiteOne Landscape Supply stock opened at $142.2430 on Friday. SiteOne Landscape Supply has a one year low of $101.25 and a one year high of $160.74. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.06 and a current ratio of 2.41. The business has a fifty day moving average of $128.85 and a two-hundred day moving average of $124.90. The company has a market cap of $6.35 billion, a P/E ratio of 51.91, a price-to-earnings-growth ratio of 2.35 and a beta of 1.54.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, July 30th. The industrial products company reported $2.86 EPS for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.03). SiteOne Landscape Supply had a net margin of 2.69% and a return on equity of 7.80%. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period last year, the business posted $2.63 EPS. SiteOne Landscape Supply’s revenue was up 3.4% compared to the same quarter last year. As a group, analysts predict that SiteOne Landscape Supply will post 3.61 earnings per share 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.