SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives $145.70 Average PT from Brokerages

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Get Free Report) have been given an average recommendation of "Hold" by the ten research firms that are currently covering the stock, Marketbeat.com reports. One investment 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 1-year price objective among brokers that have covered the stock in the last year is $145.70.

Several research firms have recently commented on SITE. Barclays decreased their price objective on SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada decreased their price objective on shares of SiteOne Landscape Supply from $136.00 to $130.00 and set a "sector perform" rating for the company in a report on Thursday, May 1st. Wall Street Zen upgraded SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a report on Thursday, May 1st. Loop Capital lowered their target price on SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating for the company in a report on Friday, April 4th. Finally, Robert W. Baird reduced their price target on SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SITE. Price T Rowe Associates Inc. MD increased its holdings in SiteOne Landscape Supply by 12.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,079,615 shares of the industrial products company's stock valued at $738,309,000 after purchasing an additional 660,081 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in SiteOne Landscape Supply by 31.0% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,092,742 shares of the industrial products company's stock worth $254,143,000 after acquiring an additional 494,737 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of SiteOne Landscape Supply in the fourth quarter valued at approximately $40,676,000. Artisan Partners Limited Partnership increased its stake in shares of SiteOne Landscape Supply by 137.2% in the fourth quarter. Artisan Partners Limited Partnership now owns 368,142 shares of the industrial products company's stock valued at $48,510,000 after purchasing an additional 212,907 shares during the period. Finally, BLI Banque de Luxembourg Investments acquired a new stake in shares of SiteOne Landscape Supply in the fourth quarter valued at approximately $22,787,000.

SiteOne Landscape Supply Stock Down 1.2%

SITE traded down $1.44 during trading on Tuesday, reaching $122.15. The stock had a trading volume of 468,903 shares, compared to its average volume of 431,225. The stock's 50 day moving average is $116.83 and its two-hundred day moving average is $129.46. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $5.47 billion, a price-to-earnings ratio of 45.41 and a beta of 1.62. SiteOne Landscape Supply has a one year low of $101.25 and a one year high of $160.75.

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

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.