SiteOne Landscape Supply (SITE) Upgraded to B- by TheStreet

TheStreet upgraded shares of SiteOne Landscape Supply (NYSE:SITE) from a c rating to a b- rating in a research report sent to investors on Thursday.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research upgraded SiteOne Landscape Supply from a hold rating to a buy rating and set a $96.00 price target on the stock in a report on Wednesday, July 18th. Royal Bank of Canada set a $105.00 price target on SiteOne Landscape Supply and gave the company a buy rating in a report on Thursday, August 2nd. ValuEngine upgraded SiteOne Landscape Supply from a hold rating to a buy rating in a report on Saturday, June 2nd. Deutsche Bank raised their price target on SiteOne Landscape Supply from $78.00 to $81.00 and gave the company a buy rating in a report on Friday, May 4th. Finally, Barclays raised their price target on SiteOne Landscape Supply from $67.00 to $75.00 and gave the company a hold rating in a report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and a consensus target price of $79.29.

Shares of NYSE:SITE opened at $91.96 on Thursday. SiteOne Landscape Supply has a twelve month low of $48.19 and a twelve month high of $95.49. The firm has a market capitalization of $3.77 billion, a PE ratio of 63.35 and a beta of 1.40. 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 posted its quarterly earnings results on Wednesday, August 1st. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.55 by ($0.07). The firm had revenue of $687.80 million during the quarter, compared to the consensus estimate of $689.21 million. SiteOne Landscape Supply had a net margin of 3.39% and a return on equity of 28.71%. SiteOne Landscape Supply’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.07 EPS. equities analysts anticipate that SiteOne Landscape Supply will post 2.03 earnings per share for the current year.

In other SiteOne Landscape Supply news, CEO Doug Black sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $78.02, for a total transaction of $936,240.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Joseph Ketter sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $93.67, for a total value of $281,010.00. Following the transaction, the vice president now owns 8,396 shares in the company, valued at approximately $786,453.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 208,575 shares of company stock worth $18,366,776. 4.40% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of SITE. Oppenheimer Asset Management Inc. bought a new position in SiteOne Landscape Supply during the first quarter worth about $225,000. Sphera Funds Management LTD. bought a new position in SiteOne Landscape Supply during the first quarter worth about $231,000. SG Americas Securities LLC boosted its holdings in SiteOne Landscape Supply by 87.6% during the second quarter. SG Americas Securities LLC now owns 4,104 shares of the industrial products company’s stock worth $345,000 after buying an additional 1,916 shares during the last quarter. Strs Ohio boosted its holdings in SiteOne Landscape Supply by 246.2% during the second quarter. Strs Ohio now owns 4,500 shares of the industrial products company’s stock worth $377,000 after buying an additional 3,200 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new position in SiteOne Landscape Supply during the second quarter worth about $419,000.

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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Analyst Recommendations for SiteOne Landscape Supply (NYSE:SITE)

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