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

Key Points

• Consensus "Hold": Eleven analysts give SiteOne an average rating of "Hold" (seven holds, four buys) with a 12‑month average price target of $159.44.
• Recent quarter and outlook: SiteOne beat Q results with EPS of ($0.20) vs. ($0.29) expected and revenue of ~$1.05B (+3.2% YoY), and analysts project about 3.61 EPS for the current year.
• Market position and investor activity: The stock trades near $130.57 (52‑week range $101.25–$168.56) with a $5.8B market cap, sees sizable institutional buying, and an EVP recently sold 1,765 shares.

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Get Free Report) have received an average rating of "Hold" from the eleven research firms that are currently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $159.4444.

A number of equities analysts have issued reports on the company. Bank of America started coverage on SiteOne Landscape Supply in a report on Thursday, December 18th. They set a "buy" rating and a $147.00 target price on the stock. Royal Bank Of Canada increased their price target on shares of SiteOne Landscape Supply from $151.00 to $171.00 and gave the company an "outperform" rating in a research report on Thursday, February 12th. Stifel Nicolaus set a $144.00 price objective on shares of SiteOne Landscape Supply in a research note on Monday, February 9th. Weiss Ratings restated a "hold (c-)" rating on shares of SiteOne Landscape Supply in a report on Wednesday, January 21st. Finally, Robert W. Baird set a $190.00 target price on shares of SiteOne Landscape Supply in a research note on Thursday, February 12th.

SiteOne Landscape Supply Stock Performance

Shares of SiteOne Landscape Supply stock opened at $130.57 on Monday. The firm has a fifty day moving average of $142.72 and a two-hundred day moving average of $134.05. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.20 and a current ratio of 2.47. The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of 38.86, a PEG ratio of 1.69 and a beta of 1.59. SiteOne Landscape Supply has a 52 week low of $101.25 and a 52 week high of $168.56.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 11th. The industrial products company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.09. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. SiteOne Landscape Supply had a return on equity of 9.28% and a net margin of 3.23%.The firm's revenue was up 3.2% on a year-over-year basis. During the same period last year, the company earned ($0.48) EPS. As a group, equities research analysts predict that SiteOne Landscape Supply will post 3.61 EPS for the current year.

Insider Activity

In other news, EVP Eric J. Elema sold 1,765 shares of the business's stock in a transaction on Friday, February 13th. The shares were sold at an average price of $158.01, for a total value 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. The trade was a 37.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. 59 North Capital Management LP bought a new stake in shares of SiteOne Landscape Supply in the third quarter worth about $214,417,000. Cartenna Capital LP bought a new position in shares of SiteOne Landscape Supply during the 3rd quarter valued at about $63,756,000. Amundi acquired a new position in shares of SiteOne Landscape Supply in the 3rd quarter valued at approximately $59,763,000. AQR Capital Management LLC grew its position in shares of SiteOne Landscape Supply by 171.0% in the 4th quarter. AQR Capital Management LLC now owns 691,558 shares of the industrial products company's stock valued at $86,140,000 after purchasing an additional 436,376 shares during the period. Finally, Southpoint Capital Advisors LP bought a new stake in SiteOne Landscape Supply during the 4th quarter worth approximately $49,824,000.

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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