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 Down 0.0 %

NYSE:SITE traded down $0.03 on Monday, reaching $140.20. The company had a trading volume of 214,930 shares, compared to its average volume of 337,868. The firm has a market capitalization of $6.31 billion, a PE ratio of 22.95 and a beta of 1.36. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.44 and a quick ratio of 1.03. The firm has a 50-day moving average of $125.91 and a 200-day moving average of $145.48. SiteOne Landscape Supply has a 1 year low of $108.77 and a 1 year high of $260.00.

SiteOne Landscape Supply (NYSE:SITE - Get Rating) last released its earnings results on Wednesday, August 3rd. The industrial products company reported $3.07 EPS for the quarter, beating the consensus estimate of $2.96 by $0.11. The company had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.24 billion. SiteOne Landscape Supply had a return on equity of 25.37% and a net margin of 7.45%. The business's revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.70 EPS. On average, equities research analysts anticipate that SiteOne Landscape Supply will post 5.63 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SITE. Loop Capital decreased their target price on 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 target price on SiteOne Landscape Supply from $165.00 to $152.00 and set a "neutral" rating for the company in a report on Thursday, August 4th. TheStreet cut SiteOne Landscape Supply from a "b-" rating to a "c+" rating in a report on Wednesday, May 18th. Robert W. Baird cut SiteOne Landscape Supply from an "outperform" rating to a "neutral" rating and set a $129.00 target price for the company. in a report on Thursday, July 14th. Finally, Royal Bank of Canada upgraded SiteOne Landscape Supply from an "underperform" rating to a "sector perform" rating and decreased their price target for the stock from $128.00 to $118.00 in a report on Wednesday, June 22nd. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, SiteOne Landscape Supply has an average rating of "Hold" and an average price target of $152.63.

Insider Activity

In other news, CEO Doug Black sold 9,530 shares of the stock in a transaction that occurred on Wednesday, July 13th. The stock was sold at an average price of $119.13, for a total transaction of $1,135,308.90. Following the completion of the transaction, the chief executive officer now directly owns 512,599 shares in the company, valued at approximately $61,065,918.87. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.70% of the company's stock.