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

Key Points

• Consensus "Hold": Eleven analysts rate SITE an average "Hold" (seven hold, four buy) with a 12‑month average price target of about $159.44, though some firms have higher targets (Truist $200, Baird $190) reflecting mixed views.
• Quarterly beat: SiteOne reported EPS of ($0.20) vs. consensus ($0.29) and revenue of $1.05B (in line), with revenue up 3.2% year‑over‑year and analysts projecting about 3.61 EPS for the current fiscal year.
• Market snapshot and insider activity: Shares trade near $139.28 with a market cap of $6.19B, a PE of 41.45 and a 52‑week range of $101.25–$168.56; an EVP recently sold 1,765 shares, and insiders own roughly 2.6% of the stock.

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Get Free Report) have earned an average rating of "Hold" from the eleven analysts that are currently covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $159.4444.

A number of research firms recently weighed in on SITE. Robert W. Baird set a $190.00 target price on shares of SiteOne Landscape Supply in a report on Thursday, February 12th. Zacks Research upgraded shares of SiteOne Landscape Supply from a "strong sell" rating to a "hold" rating in a research note on Friday, February 13th. Truist Financial lifted their price objective on shares of SiteOne Landscape Supply from $165.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, February 11th. Stifel Nicolaus set a $144.00 price target on SiteOne Landscape Supply in a research note on Monday, February 9th. Finally, Bank of America began coverage on SiteOne Landscape Supply in a research note on Thursday, December 18th. They issued a "buy" rating and a $147.00 price objective for the company.

SiteOne Landscape Supply Trading Down 0.6%

Shares of NYSE SITE opened at $139.28 on Thursday. The firm's 50 day moving average price is $143.35 and its 200-day moving average price is $135.48. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.20 and a current ratio of 2.47. SiteOne Landscape Supply has a 52-week low of $101.25 and a 52-week high of $168.56. The company has a market cap of $6.19 billion, a PE ratio of 41.45, a P/E/G ratio of 1.81 and a beta of 1.59.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The industrial products company reported ($0.20) EPS 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 analysts' expectations of $1.05 billion. During the same quarter in the prior year, the business earned ($0.48) earnings per share. SiteOne Landscape Supply's revenue for the quarter was up 3.2% compared to the same quarter last year. On average, equities research analysts expect that SiteOne Landscape Supply will post 3.61 EPS for the current fiscal year.

Insider Buying and Selling at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, EVP Eric J. Elema sold 1,765 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $158.01, for a total transaction of $278,887.65. Following the transaction, the executive vice president directly owned 2,911 shares of the company's stock, valued at $459,967.11. This trade represents a 37.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SiteOne Landscape Supply

A number of large investors have recently modified their holdings of the company. Man Group plc increased its position in SiteOne Landscape Supply by 0.4% during the second quarter. Man Group plc now owns 22,338 shares of the industrial products company's stock worth $2,702,000 after buying an additional 86 shares during the period. Keynote Financial Services LLC raised its position in shares of SiteOne Landscape Supply by 5.4% during the 2nd quarter. Keynote Financial Services LLC now owns 1,740 shares of the industrial products company's stock worth $210,000 after purchasing an additional 89 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in SiteOne Landscape Supply by 0.5% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 16,928 shares of the industrial products company's stock valued at $2,109,000 after purchasing an additional 89 shares in the last quarter. Allworth Financial LP grew its position in shares of SiteOne Landscape Supply by 61.2% in the second quarter. Allworth Financial LP now owns 237 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 90 shares during the period. Finally, HM Payson & Co. increased its position in SiteOne Landscape Supply by 32.2% during the third quarter. HM Payson & Co. now owns 398 shares of the industrial products company's stock worth $51,000 after purchasing an additional 97 shares during the last quarter.

SiteOne Landscape Supply Company Profile

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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