SiteOne Landscape Supply, Inc. (NYSE:SITE) Stock Has Consensus Price Target of $123.00

Key Points

• Analysts rate SiteOne “Hold” overall: Of 13 firms covering the stock, six recommend holding, five recommend buying, and two recommend selling. Their average 12-month price target is $123.
• Latest quarterly results were mixed: EPS of $1.46 matched analyst estimates, while revenue of $1.29 billion came in slightly below forecasts; revenue rose 2.6% year over year.
• CEO Doug Black bought 9,100 shares at an average price of $110.30, more than doubling his personal stake in the company.

SiteOne Landscape Supply, Inc. (NYSE:SITE - Get Free Report) has earned a consensus rating of "Hold" from the thirteen research firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $123.00.

A number of analysts recently issued reports on SITE shares. Barclays dropped their price target on shares of SiteOne Landscape Supply from $129.00 to $108.00 and set an "equal weight" rating for the company in a research note on Thursday, July 30th. Weiss Ratings downgraded shares of SiteOne Landscape Supply from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, November 4th. Zacks Research lowered shares of SiteOne Landscape Supply from a "hold" rating to a "strong sell" rating in a report on Tuesday, October 27th. Robert W. Baird decreased their price objective on shares of SiteOne Landscape Supply from $160.00 to $155.00 and set an "outperform" rating for the company in a report on Tuesday, July 28th. Finally, UBS Group boosted their target price on shares of SiteOne Landscape Supply from $110.00 to $122.00 and gave the stock a "neutral" rating in a research report on Thursday, October 29th.

SiteOne Landscape Supply Price Performance

SITE stock opened at $117.36 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 2.41 and a debt-to-equity ratio of 0.34. SiteOne Landscape Supply has a 52-week low of $82.00 and a 52-week high of $168.56. The stock's 50 day moving average is $96.90 and its two-hundred day moving average is $115.62. The company has a market capitalization of $5.06 billion, a PE ratio of 30.88, a P/E/G ratio of 1.84 and a beta of 1.29.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its earnings results on Wednesday, October 28th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.46. SiteOne Landscape Supply had a return on equity of 10.06% and a net margin of 3.49%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the company posted $1.31 EPS. SiteOne Landscape Supply's quarterly revenue was up 2.6% on a year-over-year basis. Analysts predict that SiteOne Landscape Supply will post 3.74 earnings per share for the current fiscal year.

Insider Activity at SiteOne Landscape Supply

In other news, CEO Doug Black purchased 9,100 shares of the firm's stock in a transaction that occurred on Friday, October 30th. The stock was acquired at an average cost of $110.30 per share, for a total transaction of $1,003,730.00. Following the completion of the purchase, the chief executive officer owned 18,141 shares of the company's stock, valued at approximately $2,000,952.30. This trade represents a 100.65% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 bought a new stake in shares of SiteOne Landscape Supply in the 2nd quarter worth approximately $6,977,000. Legal & General Group Plc bought a new position in SiteOne Landscape Supply during the 2nd quarter worth $4,281,000. Oppenheimer Asset Management Inc. bought a new position in SiteOne Landscape Supply during the 2nd quarter worth $3,059,000. The Manufacturers Life Insurance Company bought a new position in SiteOne Landscape Supply during the 2nd quarter worth $1,513,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in SiteOne Landscape Supply in the second quarter worth $1,503,000.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply is a wholesale distributor of products and services for the landscape, irrigation, and outdoor living industries. Its customers include landscape contractors, irrigation professionals, lawn-care businesses, and other green-industry professionals.

The company offers a broad range of supplies, including irrigation and drainage products, nursery goods, fertilizer and other agronomic products, hardscape materials, outdoor lighting, tools, and snow and ice management products.

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