Analysts Set SiteOne Landscape Supply, Inc. (NYSE:SITE) PT at $147.80

SiteOne Landscape Supply, Inc. (NYSE:SITE) has been given an average rating of “Hold” by the ten ratings firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $147.80.

SITE has been the topic of several research reports. Royal Bank of Canada cut their price objective on SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 1st. StockNews.com upgraded shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Truist Financial lifted their price target on SiteOne Landscape Supply from $158.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Stifel Nicolaus lowered SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 target price on the stock. in a research report on Thursday, August 1st. Finally, Barclays lifted their target price on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a research report on Thursday, October 31st.

Hedge Funds Weigh In On SiteOne Landscape Supply

Institutional investors have recently made changes to their positions in the stock. Wasatch Advisors LP grew its position in SiteOne Landscape Supply by 11.4% in the 3rd quarter. Wasatch Advisors LP now owns 1,577,651 shares of the industrial products company’s stock worth $238,083,000 after purchasing an additional 161,846 shares in the last quarter. Bank of New York Mellon Corp grew its position in SiteOne Landscape Supply by 49.3% in the second quarter. Bank of New York Mellon Corp now owns 479,581 shares of the industrial products company’s stock worth $58,226,000 after acquiring an additional 158,350 shares in the last quarter. Bamco Inc. NY raised its holdings in shares of SiteOne Landscape Supply by 8.9% during the 3rd quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company’s stock valued at $238,489,000 after buying an additional 129,252 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in SiteOne Landscape Supply in the first quarter worth approximately $21,860,000. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in shares of SiteOne Landscape Supply by 130.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 198,214 shares of the industrial products company’s stock valued at $24,065,000 after purchasing an additional 112,362 shares in the last quarter.

SiteOne Landscape Supply Trading Up 2.8 %

Shares of SiteOne Landscape Supply stock opened at $143.51 on Friday. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 46.44 and a beta of 1.53. The company’s 50-day simple moving average is $145.50 and its 200-day simple moving average is $140.66. SiteOne Landscape Supply has a 52-week low of $114.60 and a 52-week high of $188.01. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.21). SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the business earned $1.25 EPS. The firm’s revenue was up 5.6% on a year-over-year basis. As a group, equities research analysts anticipate that SiteOne Landscape Supply will post 3.41 earnings per share for the current 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.