SiteOne Landscape Supply (SITE) Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SiteOne Landscape Supply in the last year. There are currently 1 sell rating, 7 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SITE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SITE, but not buy additional shares or sell existing shares.
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10 Wall Street research analysts have issued 1-year price targets for SiteOne Landscape Supply's stock. Their SITE share price forecasts range from $135.00 to $175.00. On average, they predict the company's share price to reach $155.30 in the next twelve months. This suggests a possible upside of 8.0% from the stock's current price.
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SiteOne Landscape Supply's stock was trading at $117.32 at the beginning of 2023. Since then, SITE stock has increased by 22.6% and is now trading at $143.80.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our SITE earnings forecast.

SiteOne Landscape Supply, Inc. (NYSE:SITE) posted its earnings results on Wednesday, May, 3rd. The industrial products company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of $0.22 by $0.32. The industrial products company had revenue of $837.20 million for the quarter, compared to the consensus estimate of $789.80 million. SiteOne Landscape Supply had a net margin of 5.15% and a trailing twelve-month return on equity of 16.13%. The business's revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 earnings per share.

ETFs with the largest weight of SiteOne Landscape Supply (NYSE:SITE) stock in their portfolio include First Trust Consumer Discretionary AlphaDEX Fund (FXD), First Trust Indxx Global Agriculture ETF (FTAG), First Trust Multi-Manager Small Cap Opportunities ETF (MMSC), Nuveen ESG Small-Cap ETF (NUSC), Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD), RiverNorth Patriot ETF (FLDZ), John Hancock Multifactor Small Cap ETF (JHSC) and iShares Morningstar Small-Cap Growth ETF (ISCG).

90 employees have rated SiteOne Landscape Supply Chief Executive Officer Doug Black on Glassdoor.com. Doug Black has an approval rating of 85% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other SiteOne Landscape Supply investors own include Block (SQ), GW Pharmaceuticals (GWPH), Advanced Micro Devices (AMD), NVIDIA (NVDA), Alibaba Group (BABA), Etsy (ETSY), Netflix (NFLX), Walt Disney (DIS), PayPal (PYPL) and DocuSign (DOCU).

(SITE) raised $210 million in an IPO on Thursday, May 12th 2016. The company issued 10,000,000 shares at a price of $20.00-$22.00 per share. Deutsche Bank Securities, Goldman Sachs and UBS Investment Bank acted as the underwriters for the IPO and Barclays, Baird, RBC Capital Markets, William Blair, SunTrust Robinson Humphrey, ING, HSBC, Natixis and SMBC Nikko were co-managers.

SiteOne Landscape Supply trades on the New York Stock Exchange (NYSE) under the ticker symbol "SITE."

SiteOne Landscape Supply's stock is owned by a number of institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (12.96%), Kayne Anderson Rudnick Investment Management LLC (9.41%), BlackRock Inc. (5.65%), Baillie Gifford & Co. (5.11%), Ameriprise Financial Inc. (3.67%) and Conestoga Capital Advisors LLC (2.40%). Insiders that own company stock include Doug Black, Greg Weller, John T Guthrie, John T Guthrie and L Briley Brisendine Jr.
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Shares of SITE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SITE stock can currently be purchased for approximately $143.80.

SiteOne Landscape Supply (NYSE:SITE) has a market capitalization of $6.47 billion and generates $4.01 billion in revenue each year. The industrial products company earns $245.40 million in net income (profit) each year or $4.55 on an earnings per share basis.

The company employs 7,430 workers across the globe.

SiteOne Landscape Supply's mailing address is 300 COLONIAL CENTER PARKWAY SUITE 600, ROSWELL GA, 30076. The official website for the company is www.siteone.com. The industrial products company can be reached via phone at (470) 277-7000 or via email at investors@siteone.com.