Key Points
- CEO Doug Black bought 9,100 SiteOne shares at an average $110.30 each, a $1.00 million purchase that more than doubled his holdings to 18,141 shares.
- SiteOne’s latest quarterly results met EPS expectations at $1.46, while revenue of $1.29 billion fell short of estimates; revenue nevertheless rose 2.6% year over year.
- Analysts’ consensus rating is Hold, with an average price target of $123; recent views range from Buy to Sell.
SiteOne Landscape Supply, Inc. (NYSE:SITE - Get Free Report) CEO Doug Black purchased 9,100 shares of the firm's stock in a transaction that occurred on Friday, October 30th. The stock was bought at an average price of $110.30 per share, for a total transaction of $1,003,730.00. Following the purchase, the chief executive officer owned 18,141 shares in the company, valued at $2,000,952.30. The trade was a 100.65% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.
Doug Black also recently made the following trade(s):
- On Wednesday, August 26th, Doug Black acquired 5,000 shares of SiteOne Landscape Supply stock. The shares were bought at an average price of $96.13 per share, with a total value of $480,650.00.
SiteOne Landscape Supply Trading Down 2.6%
Shares of NYSE:SITE opened at $111.62 on Wednesday. The business has a 50 day moving average of $95.33 and a 200-day moving average of $116.25. The stock has a market cap of $4.81 billion, a PE ratio of 29.37, a P/E/G ratio of 1.89 and a beta of 1.29. SiteOne Landscape Supply, Inc. has a 12-month low of $82.00 and a 12-month high of $168.56. The company has a quick ratio of 1.03, a current ratio of 2.41 and a debt-to-equity ratio of 0.34.
SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The industrial products company reported $1.46 EPS for the quarter, meeting analysts' consensus estimates of $1.46. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.30 billion. SiteOne Landscape Supply had a return on equity of 10.06% and a net margin of 3.49%. The company's revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.31 EPS. As a group, equities research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.74 earnings per share for the current year.
Institutional Investors Weigh In On SiteOne Landscape Supply
Several institutional investors and hedge funds have recently bought and sold shares of the company. Bamco Inc. NY bought a new position in SiteOne Landscape Supply in the 2nd quarter valued at about $232,115,000. BlackRock Inc. acquired a new position in shares of SiteOne Landscape Supply in the 2nd quarter valued at approximately $221,355,000. Jupiter Topco LLC acquired a new position in shares of SiteOne Landscape Supply in the 2nd quarter valued at approximately $59,521,000. Bank of America Corp DE acquired a new position in shares of SiteOne Landscape Supply in the 2nd quarter valued at approximately $49,027,000. Finally, Amundi lifted its holdings in shares of SiteOne Landscape Supply by 49.0% during the 2nd quarter. Amundi now owns 1,048,747 shares of the industrial products company's stock worth $120,043,000 after acquiring an additional 344,980 shares during the period.
Wall Street Analysts Forecast Growth
SITE has been the topic of several recent research reports. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $114.00 target price on shares of SiteOne Landscape Supply in a report on Wednesday, October 28th. Weiss Ratings upgraded SiteOne Landscape Supply from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, October 22nd. Royal Bank Of Canada reduced their price target on SiteOne Landscape Supply from $135.00 to $124.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 7th. Zacks Research lowered SiteOne Landscape Supply from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 27th. Finally, Robert W. Baird lowered their price objective on SiteOne Landscape Supply from $160.00 to $155.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 28th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $123.00.
View Our Latest Report on SiteOne Landscape Supply
SiteOne Landscape Supply Company Profile
(
Get Free Report)
SiteOne Landscape Supply, Inc (NYSE: SITE) is a wholesale distributor of landscape and outdoor living products in the United States and Canada. The company serves landscape professionals, irrigation contractors, golf course and sports-turf managers, nursery and greenhouse operators, and other customers in the green industry.
Its product offerings include irrigation and water-management systems, landscape lighting, nursery and greenhouse supplies, fertilizers and other agronomic products, turf-care equipment, hardscape materials, outdoor living products, and pest-control supplies.
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