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SiteOne Landscape Supply, Inc. (NYSE:SITE - Get Rating) - Investment analysts at Jefferies Financial Group lifted their Q3 2022 earnings estimates for shares of SiteOne Landscape Supply in a research note issued to investors on Wednesday, July 20th. Jefferies Financial Group analyst S. Volkmann now anticipates that the industrial products company will earn $1.58 per share for the quarter, up from their prior forecast of $1.55. The consensus estimate for SiteOne Landscape Supply's current full-year earnings is $5.71 per share. Jefferies Financial Group also issued estimates for SiteOne Landscape Supply's FY2022 earnings at $5.65 EPS.

A number of other equities analysts also recently commented on SITE. Robert W. Baird downgraded shares of SiteOne Landscape Supply from an "outperform" rating to a "neutral" rating and set a $129.00 price objective for the company. in a research note on Thursday, July 14th. Barclays reduced their price objective on shares of SiteOne Landscape Supply from $161.00 to $145.00 and set an "equal weight" rating for the company in a research note on Thursday, July 14th. Loop Capital dropped their target price on shares of SiteOne Landscape Supply from $160.00 to $135.00 and set a "hold" rating on the stock in a report on Friday, July 8th. UBS Group raised shares of SiteOne Landscape Supply from a "sell" rating to a "neutral" rating and dropped their target price for the company from $170.00 to $165.00 in a report on Monday, March 28th. They noted that the move was a valuation call. Finally, StockNews.com initiated coverage on shares of SiteOne Landscape Supply in a report on Thursday, March 31st. They issued a "hold" rating on the stock. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $154.25.SiteOne Landscape Supply Price Performance

Shares of NYSE SITE opened at $125.70 on Friday. The firm has a market cap of $5.65 billion, a PE ratio of 21.90 and a beta of 1.33. The company has a current ratio of 2.32, a quick ratio of 0.89 and a debt-to-equity ratio of 0.41. SiteOne Landscape Supply has a 1-year low of $108.77 and a 1-year high of $260.00. The company has a fifty day moving average price of $124.31 and a 200 day moving average price of $153.73.

SiteOne Landscape Supply (NYSE:SITE - Get Rating) last announced its earnings results on Wednesday, May 4th. The industrial products company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.54. The firm had revenue of $805.30 million during the quarter, compared to analyst estimates of $742.01 million. SiteOne Landscape Supply had a net margin of 7.25% and a return on equity of 25.59%. The company's revenue for the quarter was up 23.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 EPS. Insider Buying and Selling at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, CEO Doug Black sold 9,530 shares of the stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $119.13, for a total value of $1,135,308.90. Following the transaction, the chief executive officer now directly owns 512,599 shares of the company's stock, valued at approximately $61,065,918.87. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.70% of the company's stock. Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. AMI Asset Management Corp acquired a new stake in shares of SiteOne Landscape Supply during the 2nd quarter worth approximately $3,460,000. Fort Pitt Capital Group LLC acquired a new stake in shares of SiteOne Landscape Supply during the 2nd quarter worth approximately $217,000. Ellevest Inc. boosted its position in SiteOne Landscape Supply by 21.5% in the second quarter. Ellevest Inc. now owns 826 shares of the industrial products company's stock valued at $98,000 after buying an additional 146 shares in the last quarter. Equitable Trust Co. boosted its position in SiteOne Landscape Supply by 106.8% in the second quarter. Equitable Trust Co. now owns 3,545 shares of the industrial products company's stock valued at $421,000 after buying an additional 1,831 shares in the last quarter. Finally, DAVENPORT & Co LLC boosted its position in SiteOne Landscape Supply by 2.0% in the second quarter. DAVENPORT & Co LLC now owns 10,561 shares of the industrial products company's stock valued at $1,255,000 after buying an additional 205 shares in the last quarter. SiteOne Landscape Supply Company Profile (Get Rating)

SiteOne Landscape Supply, Inc engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides a selection of approximately 135,000 stock keeping units, including irrigation supplies, which comprise controllers, valves, sprinkler heads, and irrigation pipes; fertilizer, grass seed, and ice melt products; control products, such as herbicides, fungicides, rodenticides, and other pesticides; landscape accessories that include mulches, soil amendments, drainage pipes, tools, and sods; nursery goods, which consist of deciduous and evergreen shrubs, ornamental, shade, evergreen trees, field grown and container-grown nursery stock, roses, perennials, annuals, bulbs, and plant species; hardscapes, such as pavers, natural stones, blocks, and other durable materials; and outdoor lighting products that include lighting fixtures, LED lamps, wires, transformers, and accessories.See AlsoGet a free copy of the StockNews.com research report on SiteOne Landscape Supply (SITE)Salesforce Stock is a Resilient Best-of Breed CRM Play How the NYSE and NASDAQ are Different, Why That Matters to InvestorsUse High Beta Stocks to Maximize Your Investing ProfitsStock Market Holidays 2022-2025 - Here’s When the NYSE and NASDAQ Will be ClosedWhy Will Highly-Valued Tesla Move Higher? Results

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