SiteOne Landscape Supply (NYSE:SITE) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of SiteOne Landscape Supply (NYSE:SITE) from a sell rating to a hold rating in a research note published on Thursday.

A number of other equities research analysts also recently weighed in on SITE. Stifel Nicolaus downgraded SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 price target on the stock. in a research report on Thursday, August 1st. Truist Financial raised 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. Barclays raised their price target on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a research report on Thursday, October 31st. Robert W. Baird raised their price target on 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, Royal Bank of Canada lowered their price target on SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $147.80.

SiteOne Landscape Supply Stock Performance

Shares of SiteOne Landscape Supply stock traded down $0.12 during trading hours on Thursday, reaching $152.42. The company had a trading volume of 95,747 shares, compared to its average volume of 365,225. SiteOne Landscape Supply has a one year low of $114.60 and a one year high of $188.01. The business has a fifty day simple moving average of $144.03 and a 200 day simple moving average of $141.60. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. The firm has a market cap of $6.88 billion, a PE ratio of 49.34 and a beta of 1.53.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings results 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). The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. SiteOne Landscape Supply’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.25 earnings per share. On average, analysts anticipate that SiteOne Landscape Supply will post 3.41 earnings per share for the current fiscal year.

Institutional Trading of SiteOne Landscape Supply

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of SiteOne Landscape Supply by 0.6% during the first quarter. Vanguard Group Inc. now owns 4,158,085 shares of the industrial products company’s stock worth $725,794,000 after acquiring an additional 23,362 shares during the period. Conestoga Capital Advisors LLC boosted its stake in shares of SiteOne Landscape Supply by 2.5% during the second quarter. Conestoga Capital Advisors LLC now owns 1,141,624 shares of the industrial products company’s stock valued at $138,605,000 after purchasing an additional 28,265 shares in the last quarter. Geneva Capital Management LLC boosted its stake in shares of SiteOne Landscape Supply by 1.5% during the third quarter. Geneva Capital Management LLC now owns 626,101 shares of the industrial products company’s stock valued at $94,485,000 after purchasing an additional 9,209 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of SiteOne Landscape Supply by 10.3% during the second quarter. Dimensional Fund Advisors LP now owns 568,349 shares of the industrial products company’s stock valued at $69,007,000 after purchasing an additional 53,131 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of SiteOne Landscape Supply by 49.3% during the second quarter. Bank of New York Mellon Corp now owns 479,581 shares of the industrial products company’s stock valued at $58,226,000 after purchasing an additional 158,350 shares in the last quarter.

About SiteOne Landscape Supply

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.