Key Points
- CEO Doug Black purchased 8,000 SiteOne shares at an average price of $102.03, representing a total investment of $816,240. The transaction increased his ownership to 8,000 shares.
- SiteOne reported quarterly EPS of $3.14, missing the $3.36 consensus estimate, while revenue rose 4.7% year over year to $1.53 billion. Shares recently opened at $98.34, near the lower end of their 52-week range.
- Analyst sentiment is mixed, with seven Buy, six Hold and one Sell rating; the consensus rating is Hold with an average price target of $135.27.
SiteOne Landscape Supply, Inc. (NYSE:SITE - Get Free Report) CEO Doug Black purchased 8,000 shares of the stock in a transaction on Tuesday, August 4th. The stock was acquired at an average cost of $102.03 per share, with a total value of $816,240.00. Following the acquisition, the chief executive officer owned 8,000 shares of the company's stock, valued at approximately $816,240. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
SiteOne Landscape Supply Price Performance
Shares of SITE stock opened at $98.34 on Friday. SiteOne Landscape Supply, Inc. has a fifty-two week low of $90.07 and a fifty-two week high of $168.56. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.01 and a current ratio of 2.30. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 1.48 and a beta of 1.35. The stock's 50-day simple moving average is $105.56 and its 200-day simple moving average is $125.23.
SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $3.14 EPS for the quarter, missing the consensus estimate of $3.36 by ($0.22). The company had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.54 billion. SiteOne Landscape Supply had a net margin of 3.41% and a return on equity of 9.76%. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.86 earnings per share. As a group, equities analysts forecast that SiteOne Landscape Supply, Inc. will post 3.93 earnings per share for the current fiscal year.
Institutional Trading of SiteOne Landscape Supply
Hedge funds have recently added to or reduced their stakes in the company. Basecamp Wealth Advisors LLC grew its position in SiteOne Landscape Supply by 219.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 185 shares of the industrial products company's stock valued at $25,000 after buying an additional 127 shares during the period. Whittier Trust Co. raised its position in shares of SiteOne Landscape Supply by 72.7% in the first quarter. Whittier Trust Co. now owns 209 shares of the industrial products company's stock worth $27,000 after acquiring an additional 88 shares during the period. Rothschild Investment LLC raised its position in shares of SiteOne Landscape Supply by 1,521.4% in the fourth 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 period. IFP Advisors Inc raised its position in shares of SiteOne Landscape Supply by 106.8% in the fourth quarter. IFP Advisors Inc now owns 306 shares of the industrial products company's stock worth $38,000 after acquiring an additional 158 shares during the period. Finally, Empowered Funds LLC purchased a new stake in shares of SiteOne Landscape Supply during the 4th quarter worth about $42,000.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on SITE shares. Deutsche Bank Aktiengesellschaft raised shares of SiteOne Landscape Supply from a "hold" rating to a "buy" rating and set a $160.00 price target for the company in a report on Thursday, April 30th. Robert W. Baird dropped their price objective on shares of SiteOne Landscape Supply from $160.00 to $155.00 and set an "outperform" rating on the stock in a report on Tuesday, July 28th. Weiss Ratings raised shares of SiteOne Landscape Supply from a "sell (d)" rating to a "hold (c-)" rating in a report on Monday. Zacks Research downgraded SiteOne Landscape Supply from a "hold" rating to a "strong sell" rating in a research report on Monday, June 22nd. Finally, Bank of America reduced their target price on SiteOne Landscape Supply from $182.00 to $167.00 and set a "buy" rating for the company in a research note on Monday, April 20th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, SiteOne Landscape Supply has a consensus rating of "Hold" and an average price target of $135.27.
Read 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.
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