Brokerages Set SiteOne Landscape Supply, Inc. (NYSE:SITE) Price Target at $156.44

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have been given a consensus recommendation of “Hold” by the nine ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $156.44.

A number of analysts recently weighed in on the company. Barclays increased their price objective on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a report on Thursday, October 31st. StockNews.com raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and upped their price target for the company from $145.00 to $175.00 in a research report on Friday, December 6th. Robert W. Baird raised their price target on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, The Goldman Sachs Group initiated coverage on shares of SiteOne Landscape Supply in a research report on Thursday, October 10th. They issued a “neutral” rating and a $158.00 price target on the stock.

Insider Buying and Selling at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $142.20, for a total value of $924,300.00. Following the completion of the sale, the executive vice president now owns 12,942 shares in the company, valued at approximately $1,840,352.40. This trade represents a 33.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On SiteOne Landscape Supply

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in SiteOne Landscape Supply by 5.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 528,873 shares of the industrial products company’s stock valued at $79,812,000 after buying an additional 29,025 shares during the last quarter. Oddo BHF Asset Management Sas purchased a new stake in shares of SiteOne Landscape Supply during the 3rd quarter worth approximately $1,099,000. Synovus Financial Corp increased its stake in shares of SiteOne Landscape Supply by 12.0% during the 3rd quarter. Synovus Financial Corp now owns 1,954 shares of the industrial products company’s stock worth $295,000 after purchasing an additional 209 shares during the last quarter. Tidal Investments LLC increased its stake in shares of SiteOne Landscape Supply by 1.5% during the 3rd quarter. Tidal Investments LLC now owns 5,166 shares of the industrial products company’s stock worth $780,000 after purchasing an additional 77 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of SiteOne Landscape Supply during the 3rd quarter worth approximately $71,000.

SiteOne Landscape Supply Stock Performance

NYSE SITE opened at $128.10 on Friday. The company has a market capitalization of $5.78 billion, a price-to-earnings ratio of 41.46 and a beta of 1.56. SiteOne Landscape Supply has a twelve month low of $114.60 and a twelve month high of $188.01. The stock has a fifty day simple moving average of $141.88 and a 200 day simple moving average of $139.49. 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 earnings per share for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.21). The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.25 earnings per share. Sell-side analysts expect that SiteOne Landscape Supply will post 2.94 EPS 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.