SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives Average Recommendation of "Hold" from Analysts

Key Points

• SiteOne Landscape Supply has a consensus recommendation of "Hold" from analysts, with one sell rating, five holds, and four buys among ten analysts covering the stock.
• The company reported earnings of $2.86 per share, missing analysts' expectation of $2.89, while revenue rose by 3.4% year-over-year, totaling $1.46 billion.
• Insiders at SiteOne Landscape Supply have recently sold a total of 76,784 shares, indicating a decrease in their ownership positions amidst fluctuating stock performance.

SiteOne Landscape Supply, Inc. (NYSE:SITE - Get Free Report) has been assigned a consensus recommendation of "Hold" from the ten analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $147.00.

A number of research firms have recently issued reports on SITE. Wall Street Zen upgraded SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Royal Bank Of Canada upped their target price on SiteOne Landscape Supply from $130.00 to $143.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st.

Insider Buying and Selling at SiteOne Landscape Supply

In related news, CEO Doug Black sold 29,760 shares of the stock in a transaction on Friday, July 11th. The shares were sold at an average price of $129.28, for a total transaction of $3,847,372.80. Following the transaction, the chief executive officer owned 596,684 shares of the company's stock, valued at approximately $77,139,307.52. This trade represents a 4.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joseph Ketter sold 39,640 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $126.28, for a total transaction of $5,005,739.20. Following the completion of the sale, the executive vice president directly owned 13,663 shares of the company's stock, valued at $1,725,363.64. This represents a 74.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 76,784 shares of company stock worth $9,828,465. 2.60% of the stock is owned by insiders.

Hedge Funds Weigh In On SiteOne Landscape Supply

A number of large investors have recently bought and sold shares of SITE. State of Wyoming lifted its position in SiteOne Landscape Supply by 6.2% in the fourth quarter. State of Wyoming now owns 1,389 shares of the industrial products company's stock valued at $183,000 after purchasing an additional 81 shares during the last quarter. Man Group plc lifted its position in SiteOne Landscape Supply by 0.4% in the second quarter. Man Group plc now owns 22,338 shares of the industrial products company's stock valued at $2,702,000 after purchasing an additional 86 shares during the last quarter. Keynote Financial Services LLC lifted its position in SiteOne Landscape Supply by 5.4% in the second quarter. Keynote Financial Services LLC now owns 1,740 shares of the industrial products company's stock valued at $210,000 after purchasing an additional 89 shares during the last quarter. Allworth Financial LP lifted its position in 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 last quarter. Finally, GAMMA Investing LLC lifted its position in SiteOne Landscape Supply by 24.3% in the first quarter. GAMMA Investing LLC now owns 486 shares of the industrial products company's stock valued at $59,000 after purchasing an additional 95 shares during the last quarter.

SiteOne Landscape Supply Stock Up 0.5%

Shares of NYSE:SITE opened at $143.17 on Thursday. SiteOne Landscape Supply has a one year low of $101.25 and a one year high of $160.74. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.41 and a quick ratio of 1.06. The company has a market cap of $6.39 billion, a price-to-earnings ratio of 52.25, a PEG ratio of 2.38 and a beta of 1.60. The firm has a fifty day moving average price of $136.40 and a two-hundred day moving average price of $125.65.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last released its earnings results on Wednesday, July 30th. The industrial products company reported $2.86 EPS for the quarter, missing analysts' consensus estimates of $2.89 by ($0.03). SiteOne Landscape Supply had a net margin of 2.69% and a return on equity of 7.80%. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the company earned $2.63 EPS. The firm's revenue was up 3.4% compared to the same quarter last year. Analysts anticipate that SiteOne Landscape Supply will post 3.61 EPS for the current fiscal 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.

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