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

Key Points

• Analysts have a consensus rating of “Hold” on SiteOne (11 firms: 7 hold, 4 buy) with an average 1‑year price target of $162.22.
• Several firms have raised targets recently—most notably Truist to $200 (buy) and RBC to $171 (outperform)—indicating pockets of analyst bullishness despite the overall hold consensus.
• SiteOne beat the latest quarter's EPS estimate (reported -$0.20 vs. -$0.29 expected) with $1.05B revenue (+3.2% YoY); the stock trades near $144 with a PE around 43 and a market cap of about $6.4B.

SiteOne Landscape Supply, Inc. (NYSE:SITE - Get Free Report) has earned a consensus rating of "Hold" from the eleven ratings firms that are presently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $162.2222.

A number of equities research analysts have recently weighed in on the company. Robert W. Baird set a $190.00 target price on SiteOne Landscape Supply in a research note on Thursday, February 12th. Barclays boosted their target price on SiteOne Landscape Supply from $134.00 to $150.00 and gave the company an "equal weight" rating in a research note on Thursday, February 12th. Stifel Nicolaus set a $144.00 target price on SiteOne Landscape Supply in a research note on Monday, February 9th. Truist Financial boosted their target price on SiteOne Landscape Supply from $165.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, February 11th. Finally, Royal Bank Of Canada boosted their target price on SiteOne Landscape Supply from $151.00 to $171.00 and gave the company an "outperform" rating in a research note on Thursday, February 12th.

SiteOne Landscape Supply Trading Up 0.7%

NYSE SITE opened at $144.46 on Friday. SiteOne Landscape Supply has a 1-year low of $108.11 and a 1-year high of $168.56. The company has a current ratio of 2.47, a quick ratio of 1.20 and a debt-to-equity ratio of 0.29. The stock has a 50-day moving average of $138.06 and a 200-day moving average of $134.37. The firm has a market cap of $6.40 billion, a PE ratio of 42.99, a price-to-earnings-growth ratio of 1.78 and a beta of 1.57.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last released its earnings results on Wednesday, February 11th. The industrial products company reported ($0.20) earnings per share for the quarter, beating analysts' consensus estimates of ($0.29) by $0.09. SiteOne Landscape Supply had a return on equity of 9.28% and a net margin of 3.23%.The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the company posted ($0.48) EPS. SiteOne Landscape Supply's revenue for the quarter was up 3.2% on a year-over-year basis. As a group, sell-side analysts forecast that SiteOne Landscape Supply will post 4.31 EPS for the current year.

Insider Buying and Selling

In other SiteOne Landscape Supply news, EVP Eric J. Elema sold 1,765 shares of the company's stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $158.01, for a total transaction of $278,887.65. Following the completion of the transaction, the executive vice president owned 2,911 shares of the company's stock, valued at $459,967.11. This represents a 37.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. True Wealth Design LLC raised its position in SiteOne Landscape Supply by 541.9% during the 4th quarter. True Wealth Design LLC now owns 199 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 168 shares during the last quarter. Rothschild Investment LLC raised its position in SiteOne Landscape Supply by 1,521.4% during the 4th quarter. Rothschild Investment LLC now owns 227 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 213 shares during the last quarter. IFP Advisors Inc raised its position in SiteOne Landscape Supply by 106.8% during the 4th quarter. IFP Advisors Inc now owns 306 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 158 shares during the last quarter. Empowered Funds LLC bought a new position in SiteOne Landscape Supply during the 4th quarter valued at approximately $42,000. Finally, HM Payson & Co. raised its position in SiteOne Landscape Supply by 32.2% during the 3rd quarter. HM Payson & Co. now owns 398 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 97 shares during the last quarter.

About SiteOne Landscape Supply

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.

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