Jefferies has recently raised SiteOne Landscape Supply Inc (SITE) stock to Buy rating, as announced on December 6, 2024, according to Finviz. Earlier, on October 10, 2024, Goldman had initiated the stock to Neutral, setting a price target of $158. Stifel also reduced Hold rating with a price target of $150. Additionally, Stifel raised Buy rating on May 2, 2024, with a target price of $165. Loop Capital analysts, in their report published on January 8, 2024, also reduced Hold rating for SiteOne Landscape Supply Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
SiteOne Landscape Supply Inc (SITE) Stock Trading Recap
On Tuesday, SiteOne Landscape Supply Inc (SITE) stock saw a decline, ending the day at $124.45 which represents a decrease of $-2.68 or -2.11% from the prior close of $127.13. The stock opened at $126.27 and touched a low of $122.72 during the day, reaching a high of $126.88. The volume of shares traded was 0.42 million exceeding the average volume of 0.39 million.
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SITE Stock Performance and Moving Averages
In recent trading, SiteOne Landscape Supply Inc (SITE) stock price has shown some volatility, fluctuating 1.95% over the last five trades and -6.52% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -8.30%, and it has plunged by -14.09% in the previous three months. Currently, SITE is trading at -5.65%, -7.91%, and -10.45% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, SITE, a Industrials sector stock, is trading -33.81% below its 52-week high but remains 8.60% above its 52-week low. The Average True Range (ATR) (14 days) of 4.57 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
SiteOne Landscape Supply Inc’s Profitability and Valuation Ratios
SiteOne Landscape Supply Inc’s profitability metrics reveal financial health. The company currently boasts an operating margin of 3.83% and a profit margin of 2.72%, with a gross margin of -8.30%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, SiteOne Landscape Supply Inc’s market capitalization stands at $5.60 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 46.07, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 26.22. Additionally, the Price-to-Sales Ratio is 1.23, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 3.55, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 1.59% of SiteOne Landscape Supply Inc (SITE)’s shares, while financial institutions hold 103.38%.
Notable insider trades include BLACK DOUG, CEO at SiteOne Landscape Supply Inc (SITE), who sold 7,386 shares on Feb 26 ’25, at $131.92 each, totaling $0.97 million. On Nov 21 ’24, Ketter Joseph, EVP, Human Resources, sold 6,500 shares for $142.20 each, amounting to $0.92 million. Additionally, on Aug 05 ’24, Diaz Fred M sold 878 shares at $129.04 each, generating $0.11 million.
