SiteOne Landscape Supply, Inc. (SITE) – What Are Investment Firms Saying About This Stock?

SiteOne Landscape Supply, Inc. (NYSE:SITE) has earned a consensus rating of “Hold” from the twelve research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $121.00.

A number of analysts have recently commented on SITE shares. UBS Group cut their target price on SiteOne Landscape Supply from $140.00 to $110.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Robert W. Baird reduced their target price on SiteOne Landscape Supply from $160.00 to $155.00 and set an “outperform” rating for the company in a report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft cut SiteOne Landscape Supply from a “buy” rating to a “hold” rating and decreased their target price for the company from $127.00 to $91.00 in a research report on Thursday, October 8th. Barclays dropped their price target on SiteOne Landscape Supply from $129.00 to $108.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. Finally, KeyCorp cut their price target on SiteOne Landscape Supply from $145.00 to $135.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th.

Insider Buying and Selling at SiteOne Landscape Supply

In other news, CEO Doug Black acquired 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was acquired at an average cost of $96.13 per share, with a total value of $480,650.00. Following the completion of the acquisition, the chief executive officer owned 13,000 shares of the company’s stock, valued at $1,249,690. The trade was a 62.50% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.10% of the company’s stock.

Institutional Trading of SiteOne Landscape Supply

Several institutional investors and hedge funds have recently bought and sold shares of SITE. Squarepoint Ops LLC acquired a new position in SiteOne Landscape Supply in the second quarter valued at $6,977,000. Legal & General Group Plc purchased a new stake in shares of SiteOne Landscape Supply in the second quarter valued at about $4,281,000. Bamco Inc. NY raised its holdings in shares of SiteOne Landscape Supply by 3.1% in the fourth quarter. Bamco Inc. NY now owns 2,028,366 shares of the industrial products company’s stock valued at $252,653,000 after buying an additional 61,490 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of SiteOne Landscape Supply during the second quarter worth about $3,059,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of SiteOne Landscape Supply during the second quarter worth about $1,513,000.

SiteOne Landscape Supply Trading Up 5.6%

NYSE SITE opened at $102.91 on Friday. The firm’s fifty day moving average price is $93.66 and its 200 day moving average price is $106.91. SiteOne Landscape Supply has a 12 month low of $82.00 and a 12 month high of $168.56. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.30 and a quick ratio of 1.01. The company has a market capitalization of $4.49 billion, a price-to-earnings ratio of 26.70, a price-to-earnings-growth ratio of 1.52 and a beta of 1.38.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $3.14 earnings per share for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.22). SiteOne Landscape Supply had a net margin of 3.41% and a return on equity of 9.76%. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period last year, the firm earned $2.86 earnings per share. SiteOne Landscape Supply’s revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts expect that SiteOne Landscape Supply will post 3.85 earnings per share for the current fiscal year.

About SiteOne Landscape Supply

SiteOne Landscape Supply, Inc (NYSE: SITE) is a wholesale distributor of landscape and outdoor living products in the United States and Canada. The company serves landscape professionals, irrigation contractors, golf course and sports-turf managers, nursery and greenhouse operators, and other customers in the green industry.

Its product offerings include irrigation and water-management systems, landscape lighting, nursery and greenhouse supplies, fertilizers and other agronomic products, turf-care equipment, hardscape materials, outdoor living products, and pest-control supplies.