SiteOne Landscape Supply, Inc. (NYSE:SITE) Given Consensus Rating of “Hold” by Brokerages

SiteOne Landscape Supply, Inc. (NYSE:SITE) has been given a consensus recommendation of “Hold” by the nine analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $144.33.

A number of research firms recently commented on SITE. StockNews.com downgraded SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th. Jefferies Financial Group cut their target price on shares of SiteOne Landscape Supply from $160.00 to $125.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Robert W. Baird decreased their price target on shares of SiteOne Landscape Supply from $175.00 to $168.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. Stifel Nicolaus cut shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 price objective for the company. in a research note on Thursday, August 1st. Finally, Loop Capital decreased their target price on shares of SiteOne Landscape Supply from $155.00 to $140.00 and set a “hold” rating on the stock in a research report on Thursday, June 13th.

Insider Transactions at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 878 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $129.04, for a total value of $113,297.12. Following the transaction, the director now owns 11,267 shares of the company’s stock, valued at approximately $1,453,893.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Toronto Dominion Bank bought a new stake in shares of SiteOne Landscape Supply in the 1st quarter valued at about $29,000. Principal Securities Inc. acquired a new stake in SiteOne Landscape Supply in the fourth quarter valued at approximately $31,000. Whittier Trust Co. of Nevada Inc. purchased a new position in SiteOne Landscape Supply in the second quarter worth $27,000. GAMMA Investing LLC acquired a new position in shares of SiteOne Landscape Supply during the fourth quarter worth $38,000. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of SiteOne Landscape Supply by 588.1% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 289 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 247 shares in the last quarter.

SiteOne Landscape Supply Stock Performance

NYSE:SITE opened at $141.86 on Friday. The stock has a 50-day moving average price of $133.24 and a 200 day moving average price of $150.72. The company has a current ratio of 2.47, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. SiteOne Landscape Supply has a 12-month low of $114.60 and a 12-month high of $188.01. The stock has a market capitalization of $6.40 billion, a P/E ratio of 41.12 and a beta of 1.52.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, July 31st. The industrial products company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.50 by $0.13. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.39 billion. SiteOne Landscape Supply had a net margin of 3.50% and a return on equity of 10.27%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.71 earnings per share. Equities research analysts forecast that SiteOne Landscape Supply will post 3.19 EPS for the current fiscal year.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply, Inc, together with its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation products, including controllers, valves, sprinkler heads, irrigation pipes, micro irrigation, and drip products; 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 and cultivars; 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.