SiteOne Landscape Supply, Inc. (NYSE:SITE) Given Consensus Recommendation of "Hold" by Analysts

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Get Free Report) have been given an average recommendation of "Hold" by the ten analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $145.70.

A number of equities analysts have commented on the stock. UBS Group cut their price objective on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Truist Financial dropped their price target on shares of SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Deutsche Bank Aktiengesellschaft began coverage on shares of SiteOne Landscape Supply in a research report on Tuesday, April 1st. They issued a "hold" rating and a $135.00 price objective for the company. Robert W. Baird dropped their target price on SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Finally, Stifel Nicolaus cut their price objective on SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating for the company in a research report on Monday, April 28th.

SiteOne Landscape Supply Stock Performance

Shares of SITE stock traded down $1.24 during trading hours on Friday, hitting $125.70. The stock had a trading volume of 97,147 shares, compared to its average volume of 505,320. The firm has a market capitalization of $5.63 billion, a PE ratio of 46.73 and a beta of 1.62. SiteOne Landscape Supply has a twelve month low of $101.25 and a twelve month high of $161.25. The stock's 50 day moving average is $118.44 and its 200 day moving average is $132.59. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The industrial products company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.50) by ($0.11). The company had revenue of $939.40 million during the quarter, compared to analyst estimates of $933.90 million. SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. The business's revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.43) EPS. As a group, research analysts forecast that SiteOne Landscape Supply will post 3.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SiteOne Landscape Supply

Institutional investors have recently made changes to their positions in the business. Barclays PLC boosted its position in SiteOne Landscape Supply by 71.2% during the 3rd quarter. Barclays PLC now owns 48,398 shares of the industrial products company's stock valued at $7,304,000 after purchasing an additional 20,134 shares during the period. US Bancorp DE lifted its position in shares of SiteOne Landscape Supply by 10.5% during the 4th quarter. US Bancorp DE now owns 6,717 shares of the industrial products company's stock valued at $885,000 after acquiring an additional 638 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of SiteOne Landscape Supply in the 4th quarter valued at $427,000. Jones Financial Companies Lllp increased its position in shares of SiteOne Landscape Supply by 11.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,498 shares of the industrial products company's stock worth $197,000 after acquiring an additional 156 shares in the last quarter. Finally, Crown Oak Advisors LLC raised its stake in SiteOne Landscape Supply by 12.9% during the 4th quarter. Crown Oak Advisors LLC now owns 53,084 shares of the industrial products company's stock valued at $6,995,000 after purchasing an additional 6,074 shares during the period.

About SiteOne Landscape Supply

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.