Analysts Set SiteOne Landscape Supply, Inc. (NYSE:SITE) PT at $159.44

SiteOne Landscape Supply, Inc. (NYSE:SITE) has been given an average recommendation of “Hold” by the ten analysts that are currently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $162.50.

Several research analysts have recently weighed in on SITE shares. Robert W. Baird set a $190.00 price target on shares of SiteOne Landscape Supply in a research note on Thursday, February 12th. Truist Financial raised their target price on SiteOne Landscape Supply from $165.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research report on Wednesday, January 21st. Bank of America assumed coverage on SiteOne Landscape Supply in a report on Thursday, December 18th. They set a “buy” rating and a $147.00 price target for the company. Finally, Zacks Research upgraded SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th.

Insider Activity

In related news, EVP Eric J. Elema sold 1,765 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $158.01, for a total transaction of $278,887.65. Following the completion of the transaction, the executive vice president directly owned 2,911 shares in the company, valued at approximately $459,967.11. The trade was a 37.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On SiteOne Landscape Supply

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC boosted its position in shares of SiteOne Landscape Supply by 45.9% in the first quarter. Millennium Management LLC now owns 75,149 shares of the industrial products company’s stock worth $9,126,000 after purchasing an additional 23,657 shares during the period. NewEdge Advisors LLC raised its position in shares of SiteOne Landscape Supply by 36.6% during the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 107 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of SiteOne Landscape Supply by 5.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 213,331 shares of the industrial products company’s stock valued at $25,907,000 after buying an additional 11,574 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of SiteOne Landscape Supply by 10.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 170,285 shares of the industrial products company’s stock valued at $20,679,000 after buying an additional 16,378 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in SiteOne Landscape Supply in the 1st quarter worth $6,797,000.

SiteOne Landscape Supply Price Performance

Shares of NYSE:SITE opened at $128.00 on Monday. The company has a quick ratio of 1.20, a current ratio of 2.47 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $5.69 billion, a PE ratio of 38.10, a price-to-earnings-growth ratio of 1.72 and a beta of 1.59. The firm’s 50 day moving average price is $141.77 and its 200-day moving average price is $133.87. SiteOne Landscape Supply has a twelve month low of $101.25 and a twelve month high of $168.56.

SiteOne Landscape Supply (NYSE:SITE) last announced its earnings results on Wednesday, February 11th. The industrial products company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.09. SiteOne Landscape Supply had a net margin of 3.23% and a return on equity of 9.28%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the business posted ($0.48) earnings per share. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. Equities research analysts expect that SiteOne Landscape Supply will post 3.61 EPS for the current year.

About SiteOne Landscape Supply

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.