Key Points
- EVP Eric Elema sold 1,765 shares on Feb. 13 at an average price of $158.01 for a total of $278,887.65, reducing his stake by 37.75% to 2,911 shares (valued at about $459,967).
- SiteOne reported quarterly EPS of ($0.20), beating estimates by $0.09, with revenue of $1.05 billion (up 3.2% year-over-year) and a net margin of 3.23%.
- Analysts have an average rating of "Hold" with a consensus price target of $159.44; the stock opened at $153.84 and trades within a 52-week range of $101.25 to $168.56.
SiteOne Landscape Supply, Inc. (NYSE:SITE - Get Free Report) EVP Eric Elema sold 1,765 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $158.01, for a total value of $278,887.65. Following the transaction, the executive vice president owned 2,911 shares of the company's stock, valued at approximately $459,967.11. The trade was a 37.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
SiteOne Landscape Supply Stock Down 2.0%
Shares of SiteOne Landscape Supply stock opened at $153.84 on Wednesday. The firm has a market cap of $6.85 billion, a PE ratio of 45.79, a P/E/G ratio of 1.73 and a beta of 1.59. The business's 50 day simple moving average is $139.52 and its 200 day simple moving average is $134.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.14 and a current ratio of 2.49. SiteOne Landscape Supply, Inc. has a 52-week low of $101.25 and a 52-week high of $168.56.
SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The industrial products company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.09. SiteOne Landscape Supply had a net margin of 3.23% and a return on equity of 9.33%. The company had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.05 billion. During the same period last year, the business earned ($0.48) EPS. The business's quarterly revenue was up 3.2% on a year-over-year basis. On average, analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.
Hedge Funds Weigh In On SiteOne Landscape Supply
Hedge funds and other institutional investors have recently bought and sold shares of the business. True Wealth Design LLC raised its stake in SiteOne Landscape Supply by 541.9% in the fourth quarter. True Wealth Design LLC now owns 199 shares of the industrial products company's stock valued at $25,000 after buying an additional 168 shares during the period. Rothschild Investment LLC increased its holdings in shares of SiteOne Landscape Supply by 1,521.4% during the 4th quarter. Rothschild Investment LLC now owns 227 shares of the industrial products company's stock worth $28,000 after acquiring an additional 213 shares during the last quarter. Allworth Financial LP increased its holdings in shares of SiteOne Landscape Supply by 61.2% during the 2nd quarter. Allworth Financial LP now owns 237 shares of the industrial products company's stock worth $29,000 after acquiring an additional 90 shares during the last quarter. IFP Advisors Inc raised its stake in SiteOne Landscape Supply by 106.8% in the 4th quarter. IFP Advisors Inc now owns 306 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 158 shares during the period. Finally, Empowered Funds LLC acquired a new stake in SiteOne Landscape Supply during the 4th quarter valued at $42,000.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on SITE shares. Weiss Ratings restated a "hold (c-)" rating on shares of SiteOne Landscape Supply in a research note on Wednesday, January 21st. Barclays upped their target price on SiteOne Landscape Supply from $134.00 to $150.00 and gave the stock an "equal weight" rating in a report on Thursday, February 12th. Stifel Nicolaus set a $144.00 price target on SiteOne Landscape Supply in a research report on Monday, February 9th. Royal Bank Of Canada boosted their price target on SiteOne Landscape Supply from $151.00 to $171.00 and gave the stock an "outperform" rating in a research report on Thursday, February 12th. Finally, Bank of America initiated coverage on SiteOne Landscape Supply in a research note on Thursday, December 18th. They set a "buy" rating and a $147.00 price objective on the stock. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $159.44.
View Our Latest Stock Analysis on SiteOne Landscape Supply
About SiteOne Landscape Supply
(
Get Free Report)
SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.
In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.
Further Reading
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