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 Up 1.6 %

Shares of NYSE:SITE opened at $140.23 on Monday. The company has a quick ratio of 1.03, a current ratio of 2.44 and a debt-to-equity ratio of 0.38. SiteOne Landscape Supply has a 52-week low of $108.77 and a 52-week high of $260.00. The company has a 50 day moving average of $125.81 and a two-hundred day moving average of $145.72. The company has a market capitalization of $6.32 billion, a price-to-earnings ratio of 22.95 and a beta of 1.35.

SiteOne Landscape Supply (NYSE:SITE - Get Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The industrial products company reported $3.07 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $1.24 billion. During the same quarter last year, the company earned $2.70 earnings per share. SiteOne Landscape Supply's revenue for the quarter was up 12.2% on a year-over-year basis. As a group, analysts forecast that SiteOne Landscape Supply will post 5.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SITE has been the subject of a number of research analyst reports. 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 note on Thursday, August 4th. Stifel Nicolaus initiated coverage on shares of SiteOne Landscape Supply in a research note on Tuesday, July 12th. They set a "hold" rating and a $105.00 price objective for the company. Loop Capital dropped 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 research note on Friday, July 8th. Royal Bank of Canada raised shares of SiteOne Landscape Supply from an "underperform" rating to a "sector perform" rating and dropped their target price for the stock from $128.00 to $118.00 in a research report on Wednesday, June 22nd. Finally, Robert W. Baird downgraded shares of SiteOne Landscape Supply from an "outperform" rating to a "neutral" rating and set a $129.00 target price for the company. in a research report on Thursday, July 14th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $152.63.

Insider Buying and Selling at SiteOne Landscape Supply

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. 2.70% of the stock is owned by corporate insiders.