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 Price Performance

Shares of SITE Stock traded up $7.60 during mid-day trading on Wednesday, reaching $139.38. The company's stock had a trading volume of 282,114 shares, compared to its average volume of 341,040. SiteOne Landscape Supply has a 1-year low of $108.77 and a 1-year high of $260.00. The company has a market cap of $6.28 billion, a P/E ratio of 22.59 and a beta of 1.36. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.03 and a current ratio of 2.44. The firm's 50-day moving average is $125.48 and its two-hundred day moving average is $146.72.

SiteOne Landscape Supply (NYSE:SITE - Get Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The industrial products company reported $3.07 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $1.24 billion. During the same quarter in the prior year, the company posted $2.70 EPS. The business's revenue was up 12.2% on a year-over-year basis. On average, research analysts predict that SiteOne Landscape Supply will post 5.63 earnings per share for the current year.

Analysts Set New Price Targets

SITE has been the subject of several recent research reports. TheStreet downgraded shares of SiteOne Landscape Supply from a "b-" rating to a "c+" rating in a research report on Wednesday, May 18th. Stifel Nicolaus started coverage on shares of SiteOne Landscape Supply in a research report on Tuesday, July 12th. They issued a "hold" rating and a $105.00 target price for the company. Loop Capital decreased their price objective on shares of SiteOne Landscape Supply from $160.00 to $135.00 and set a "hold" rating for the company in a report on Friday, July 8th. UBS Group decreased 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 report on Thursday, August 4th. Finally, Robert W. Baird downgraded shares of SiteOne Landscape Supply from an "outperform" rating to a "neutral" rating and set a $129.00 price objective for the company. in a report on Thursday, July 14th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, SiteOne Landscape Supply presently has an average rating of "Hold" and a consensus target price of $152.63.

Insider Activity

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 transaction of $1,135,308.90. Following the completion of the sale, the chief executive officer now owns 512,599 shares in the company, valued at approximately $61,065,918.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.70% of the company's stock.