SiteOne Landscape Supply Inc (NYSE:SITE) has earned a consensus recommendation of “Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $78.00.
SITE has been the subject of a number of research analyst reports. Robert W. Baird cut SiteOne Landscape Supply from an “outperform” rating to a “neutral” rating and set a $38.00 target price for the company. in a report on Tuesday, July 3rd. Barclays raised their target price on SiteOne Landscape Supply from $67.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, August 1st. Zacks Investment Research cut SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a report on Thursday, July 19th. ValuEngine upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd. Finally, Royal Bank of Canada raised their target price on SiteOne Landscape Supply to $110.00 and gave the company a “positive” rating in a report on Wednesday, June 27th.
Shares of SiteOne Landscape Supply stock opened at $82.37 on Tuesday. SiteOne Landscape Supply has a 12 month low of $55.61 and a 12 month high of $95.49. The stock has a market cap of $3.44 billion, a P/E ratio of 68.07 and a beta of 1.29. The company has a debt-to-equity ratio of 2.15, a current ratio of 2.69 and a quick ratio of 1.23.
SiteOne Landscape Supply (NYSE:SITE) last announced its earnings results on Wednesday, August 1st. The industrial products company reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.07). SiteOne Landscape Supply had a net margin of 3.39% and a return on equity of 28.71%. The firm had revenue of $687.80 million for the quarter, compared to analysts’ expectations of $689.21 million. During the same quarter last year, the business earned $1.07 earnings per share. The business’s revenue was up 13.0% compared to the same quarter last year. equities analysts expect that SiteOne Landscape Supply will post 2.03 EPS for the current fiscal year.
In other news, CEO Doug Black sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $87.02, for a total transaction of $1,044,240.00. Following the sale, the chief executive officer now owns 398,228 shares of the company’s stock, valued at approximately $34,653,800.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Pascal Convers sold 9,750 shares of the firm’s stock in a transaction dated Monday, July 16th. The stock was sold at an average price of $86.15, for a total value of $839,962.50. Following the sale, the executive vice president now directly owns 106,975 shares in the company, valued at approximately $9,215,896.25. The disclosure for this sale can be found here. Insiders sold a total of 199,925 shares of company stock worth $17,895,116 in the last ninety days. 4.40% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. State Board of Administration of Florida Retirement System raised its position in shares of SiteOne Landscape Supply by 4.4% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 17,191 shares of the industrial products company’s stock worth $1,444,000 after acquiring an additional 730 shares in the last quarter. Tocqueville Asset Management L.P. raised its position in shares of SiteOne Landscape Supply by 3.7% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 22,305 shares of the industrial products company’s stock worth $1,873,000 after acquiring an additional 800 shares in the last quarter. BB&T Securities LLC raised its position in shares of SiteOne Landscape Supply by 5.2% during the 1st quarter. BB&T Securities LLC now owns 17,951 shares of the industrial products company’s stock worth $1,382,000 after acquiring an additional 892 shares in the last quarter. Granite Investment Partners LLC grew its stake in SiteOne Landscape Supply by 0.5% during the 2nd quarter. Granite Investment Partners LLC now owns 193,835 shares of the industrial products company’s stock worth $16,276,000 after buying an additional 1,017 shares during the last quarter. Finally, Citigroup Inc. grew its stake in SiteOne Landscape Supply by 9.5% during the 1st quarter. Citigroup Inc. now owns 12,891 shares of the industrial products company’s stock worth $993,000 after buying an additional 1,122 shares during the last quarter.
SiteOne Landscape Supply Company Profile
SiteOne Landscape Supply, Inc, through its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation supplies; fertilizer and control products, such as herbicides; landscape accessories; nursery goods outdoor lighting; and ice melt products, as well as hardscapes, including pavers, natural stones, and blocks; turf protection products; grass seed; and turf care equipment and golf course maintenance supplies, as well as value-added consultative services to its customers.
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