Lisanti Capital Growth LLC Purchases Shares of 25,805 SiteOne Landscape Supply, Inc. (NYSE:SITE)

Lisanti Capital Growth LLC bought a new position in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 25,805 shares of the industrial products company's stock, valued at approximately $3,134,000. Lisanti Capital Growth LLC owned about 0.06% of SiteOne Landscape Supply at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SITE. Golden State Wealth Management LLC raised its holdings in shares of SiteOne Landscape Supply by 106.1% during the 1st quarter. Golden State Wealth Management LLC now owns 270 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 139 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in SiteOne Landscape Supply by 17.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 42,411 shares of the industrial products company's stock worth $5,150,000 after buying an additional 6,250 shares during the last quarter. Crown Oak Advisors LLC raised its holdings in SiteOne Landscape Supply by 4.5% during the first quarter. Crown Oak Advisors LLC now owns 55,476 shares of the industrial products company's stock valued at $6,737,000 after buying an additional 2,392 shares in the last quarter. Birch Hill Investment Advisors LLC raised its holdings in SiteOne Landscape Supply by 124.3% during the first quarter. Birch Hill Investment Advisors LLC now owns 5,539 shares of the industrial products company's stock valued at $673,000 after buying an additional 3,070 shares in the last quarter. Finally, Conestoga Capital Advisors LLC lifted its position in shares of SiteOne Landscape Supply by 1.4% in the first quarter. Conestoga Capital Advisors LLC now owns 1,183,574 shares of the industrial products company's stock worth $143,733,000 after buying an additional 16,120 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SITE shares. Truist Financial decreased their price target on SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Barclays reduced their target price on SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. Royal Bank Of Canada lowered their price target on SiteOne Landscape Supply from $136.00 to $130.00 and set a "sector perform" rating on the stock in a report on Thursday, May 1st. Wall Street Zen raised shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Thursday, May 1st. Finally, Stifel Nicolaus decreased their price objective on shares of SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating for the company in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $145.70.

SiteOne Landscape Supply Stock Performance

Shares of SITE stock traded up $5.19 during trading hours on Tuesday, reaching $126.13. 553,006 shares of the company's stock were exchanged, compared to its average volume of 428,744. SiteOne Landscape Supply, Inc. has a fifty-two week low of $101.25 and a fifty-two week high of $160.75. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $5.65 billion, a P/E ratio of 50.25, a P/E/G ratio of 1.98 and a beta of 1.55. The business has a fifty day moving average price of $119.78 and a 200-day moving average price of $126.01.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its earnings results on Wednesday, April 30th. The industrial products company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.50) by ($0.11). SiteOne Landscape Supply had a return on equity of 7.31% and a net margin of 2.53%. The company had revenue of $939.40 million for the quarter, compared to the consensus estimate of $933.90 million. During the same period last year, the firm posted ($0.43) EPS. The company's revenue was up 3.8% compared to the same quarter last year. Analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

SiteOne Landscape Supply Company Profile

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.