SiteOne Landscape Supply (NYSE:SITE) Stock Rating Lowered by Zacks Research

Key Points

• Zacks Research downgraded SiteOne Landscape Supply from “hold” to “strong sell,” while the broader analyst consensus remains “hold” with a $121.80 price target. Several firms also recently reduced their price targets.
• SiteOne reported quarterly earnings of $1.46 per share, matching consensus and rising from $1.31 a year earlier, while revenue increased 2.6% to approximately $1.29 billion but slightly missed some estimates.
• Management cited soft market demand and weather-related delays as near-term risks, although adjusted EBITDA improved and the company expanded its share-repurchase authorization by $500 million.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) was downgraded by research analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a note issued to investors on Tuesday, Zacks reports.

A number of other research analysts also recently issued reports on the stock. Barclays dropped their price target on shares of SiteOne Landscape Supply from $129.00 to $108.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 30th. Truist Financial decreased their price objective on shares of SiteOne Landscape Supply from $200.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. UBS Group lowered their target price on shares of SiteOne Landscape Supply from $140.00 to $110.00 and set a "neutral" rating for the company in a research note on Thursday, July 30th. The Goldman Sachs Group restated a "neutral" rating and issued a $114.00 target price on shares of SiteOne Landscape Supply in a report on Wednesday. Finally, Robert W. Baird cut their price target on shares of SiteOne Landscape Supply from $160.00 to $155.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 28th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $121.80.

SiteOne Landscape Supply Trading Up 1.0%

Shares of SITE stock opened at $104.06 on Tuesday. SiteOne Landscape Supply has a 1-year low of $82.00 and a 1-year high of $168.56. The company has a current ratio of 2.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.36. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 28.51, a PEG ratio of 1.73 and a beta of 1.38. The stock has a 50-day moving average of $94.08 and a 200-day moving average of $116.92.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its earnings results on Wednesday, October 28th. The industrial products company reported $1.46 EPS for the quarter, meeting the consensus estimate of $1.46. The business had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.30 billion. SiteOne Landscape Supply had a return on equity of 9.76% and a net margin of 3.41%. The firm's revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.31 earnings per share. On average, equities research analysts forecast that SiteOne Landscape Supply will post 3.71 earnings per share for the current year.

Insider Buying and Selling at SiteOne Landscape Supply

In related news, CEO Doug Black acquired 8,000 shares of the business's stock in a transaction dated Tuesday, August 4th. The shares were bought at an average price of $102.03 per share, with a total value of $816,240.00. Following the transaction, the chief executive officer directly owned 8,000 shares of the company's stock, valued at $816,240. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.10% of the company's stock.

Institutional Trading of SiteOne Landscape Supply

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SITE. Whittier Trust Co. increased its position in shares of SiteOne Landscape Supply by 72.7% during the first quarter. Whittier Trust Co. now owns 209 shares of the industrial products company's stock worth $27,000 after acquiring an additional 88 shares in the last quarter. Parallel Advisors LLC lifted its position in SiteOne Landscape Supply by 15.6% in the 1st quarter. Parallel Advisors LLC now owns 652 shares of the industrial products company's stock valued at $87,000 after acquiring an additional 88 shares in the last quarter. Basecamp Wealth Advisors LLC lifted its position in SiteOne Landscape Supply by 219.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 185 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 127 shares in the last quarter. Mitchell & Pahl Private Wealth LLC boosted its stake in SiteOne Landscape Supply by 3.0% during the 1st quarter. Mitchell & Pahl Private Wealth LLC now owns 6,091 shares of the industrial products company's stock valued at $811,000 after purchasing an additional 176 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in SiteOne Landscape Supply by 10.2% during the 1st quarter. Hsbc Holdings PLC now owns 2,080 shares of the industrial products company's stock valued at $277,000 after purchasing an additional 192 shares during the last quarter.

SiteOne Landscape Supply News Roundup

Here are the key news stories impacting SiteOne Landscape Supply this week:

• Positive Sentiment: Third-quarter adjusted EBITDA increased 8%, while adjusted EBITDA margin expanded by 60 basis points. Management characterized the results as solid despite soft market demand and a delayed fall season caused by hot, dry weather. SiteOne Announces Third Quarter 2026 Earnings
• Positive Sentiment: SiteOne reported third-quarter earnings of $1.46 per share, up from $1.31 a year earlier. This exceeded the $1.37 estimate cited by Zacks, although it matched the broader consensus estimate reported by other outlets. SiteOne Q3 Earnings and Revenues
• Positive Sentiment: The company increased its share-repurchase authorization by $500 million, potentially supporting earnings per share and signaling confidence in the company’s long-term cash-generation prospects. SiteOne Announces Share-Repurchase Increase
• Neutral Sentiment: Revenue rose 2.6% year over year to approximately $1.29 billion. The result was described as a beat against some estimates but fell short of the approximately $1.30 billion consensus cited by other reports, making the top-line performance mixed. SiteOne Q3 Earnings
• Negative Sentiment: Management acknowledged continued softness in underlying market demand and weather-related delays, risks that could restrain near-term sales growth and temper the positive impact of margin gains and buybacks. SiteOne Q3 2026 Earnings Call Transcript

SiteOne Landscape Supply Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.