SiteOne Landscape Supply, Inc. (NYSE:SITE – Get Free Report) CEO Doug Black bought 8,000 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average cost of $102.03 per share, for a total transaction of $816,240.00. Following the completion of the transaction, the chief executive officer owned 8,000 shares of the company’s stock, valued at $816,240. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
SiteOne Landscape Supply Price Performance
Shares of NYSE:SITE opened at $103.69 on Friday. The company has a market cap of $4.53 billion, a P/E ratio of 28.41, a price-to-earnings-growth ratio of 1.43 and a beta of 1.35. SiteOne Landscape Supply, Inc. has a 12-month low of $90.07 and a 12-month high of $168.56. The company has a quick ratio of 1.01, a current ratio of 2.30 and a debt-to-equity ratio of 0.36. The company’s fifty day moving average is $105.46 and its two-hundred day moving average is $125.08.
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 analysts’ consensus estimates of $3.36 by ($0.22). The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.54 billion. SiteOne Landscape Supply had a return on equity of 9.76% and a net margin of 3.41%.The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.86 earnings per share. Equities analysts expect that SiteOne Landscape Supply, Inc. will post 3.93 earnings per share for the current fiscal year.
Hedge Funds Weigh In On SiteOne Landscape Supply
Analysts Set New Price Targets
Several equities analysts recently weighed in on SITE shares. Royal Bank Of Canada cut their price objective on shares of SiteOne Landscape Supply from $171.00 to $135.00 and set an “outperform” rating on the stock in a research report on Thursday, July 30th. KeyCorp cut their target price on SiteOne Landscape Supply from $145.00 to $135.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research note on Thursday, April 30th. Weiss Ratings raised SiteOne Landscape Supply from a “sell (d)” rating to a “hold (c-)” rating in a report on Monday. Finally, Robert W. Baird lowered their price target on shares of SiteOne Landscape Supply from $160.00 to $155.00 and set an “outperform” rating for the company in a report on Tuesday, July 28th. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $135.27.
Get Our Latest Stock Report on SiteOne Landscape Supply
SiteOne Landscape Supply Company Profile
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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