SiteOne Landscape Supply - SITE Stock Forecast, Price & News

SiteOne Landscape Supply, Inc. engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides a selection of approximately 135,000 stock keeping units, including irrigation supplies, which comprise controllers, valves, sprinkler heads, and irrigation pipes; 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; 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. It also offers consultative services consisting of assistance with irrigation network design, commercial project planning, generation of sales leads, business operations, product support services, and a series of technical and business management seminars; and distributes branded products of third parties. The company offers its products under the LESCO, SiteOne Green Tech, and Pro-Trade brand names. It markets its products primarily to residential and commercial landscape professionals who specialize in the design, installation, and maintenance of lawns, gardens, golf courses, and other outdoor spaces through branch network and direct distribution. As of January 2, 2022, the company had approximately 590 branches in 45 U.S. States and six Canadian provinces. SiteOne Landscape Supply, Inc. was incorporated in 2013 and is headquartered in Roswell, Georgia.

SiteOne Landscape Supply Stock Performance

Shares of SiteOne Landscape Supply stock traded down $0.89 during trading hours on Friday, reaching $142.34. The company's stock had a trading volume of 582 shares, compared to its average volume of 297,202. The company's 50 day simple moving average is $126.15 and its 200 day simple moving average is $145.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.03 and a current ratio of 2.44. SiteOne Landscape Supply has a one year low of $108.77 and a one year high of $260.00. The stock has a market cap of $6.41 billion, a P/E ratio of 23.44 and a beta of 1.35.

SiteOne Landscape Supply (NYSE:SITE - Get Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The industrial products company reported $3.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.96 by $0.11. SiteOne Landscape Supply had a net margin of 7.45% and a return on equity of 25.37%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period last year, the firm posted $2.70 EPS. The company's revenue for the quarter was up 12.2% on a year-over-year basis. As a group, analysts expect that SiteOne Landscape Supply will post 5.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SITE has been the subject of several recent research reports. TheStreet lowered shares of SiteOne Landscape Supply from a "b-" rating to a "c+" rating in a research report on Wednesday, May 18th. Royal Bank of Canada raised shares of SiteOne Landscape Supply from an "underperform" rating to a "sector perform" rating and dropped their price objective for the stock from $128.00 to $118.00 in a research report on Wednesday, June 22nd. UBS Group dropped their price objective on shares of SiteOne Landscape Supply from $165.00 to $152.00 and set a "neutral" rating for the company in a research report on Thursday, August 4th. Stifel Nicolaus began coverage on shares of SiteOne Landscape Supply in a research note on Tuesday, July 12th. They issued a "hold" rating and a $105.00 target price for the company. Finally, Barclays decreased their target price on shares of SiteOne Landscape Supply from $161.00 to $145.00 and set an "equal weight" rating for the company in a research note on Thursday, July 14th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $156.67.

Insider Transactions at SiteOne Landscape Supply

In related news, CEO Doug Black sold 9,530 shares of the stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $119.13, for a total value of $1,135,308.90. Following the sale, the chief executive officer now owns 512,599 shares of the company's stock, valued at approximately $61,065,918.87. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.70% of the company's stock.