The stock price of SiteOne Landscape Supply Inc (NYSE: SITE) has surged by 0.87 when compared to previous closing price of 129.89, but the company has seen a -0.08% decline in its stock price over the last five trading sessions. businesswire.com reported 2024-06-13 that BEACHWOOD, Ohio–(BUSINESS WIRE)–SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities, announced today that it has closed on the sale of a six-property portfolio to an affiliate of Pine Tree for a price of $495 million prior to closing pro-rations, allocations and credits. The sale excluded 93,607 square feet of gross leasable area at three properties retained by the Company and intended to be included in the expected spin-off of.
Is It Worth Investing in SiteOne Landscape Supply Inc (NYSE: SITE) Right Now?
SiteOne Landscape Supply Inc (NYSE: SITE) has a price-to-earnings ratio that is above its average at 37.81x. The stock has a 36-month beta value of 1.52. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for SITE is 44.51M, and at present, short sellers hold a 6.22% of that float. On June 19, 2024, the average trading volume of SITE was 346.33K shares.
SITE’s Market Performance
SITE stock saw a decrease of -0.08% in the past week, with a monthly decline of -13.81% and a quarterly a decrease of -25.26%. The volatility ratio for the week is 2.47%, and the volatility levels for the last 30 days are 2.91% for SiteOne Landscape Supply Inc (SITE). The simple moving average for the last 20 days is -8.11% for SITE stock, with a simple moving average of -15.91% for the last 200 days.
Analysts’ Opinion of SITE
Many brokerage firms have already submitted their reports for SITE stocks, with Stifel repeating the rating for SITE by listing it as a “Buy.” The predicted price for SITE in the upcoming period, according to Stifel is $165 based on the research report published on May 02, 2024 of the current year 2024.
Stifel gave a rating of “Hold” to SITE, setting the target price at $167 in the report published on December 19th of the previous year.
SITE Trading at -14.53% from the 50-Day Moving Average
After a stumble in the market that brought SITE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -30.31% of loss for the given period.
Volatility was left at 2.91%, however, over the last 30 days, the volatility rate increased by 2.47%, as shares sank -14.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.77% lower at present.
During the last 5 trading sessions, SITE fell by -0.08%, which changed the moving average for the period of 200-days by -23.47% in comparison to the 20-day moving average, which settled at $141.46. In addition, SiteOne Landscape Supply Inc saw -19.37% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SITE starting from BLACK DOUG, who sale 10,000 shares at the price of $160.01 back on May 15 ’24. After this action, BLACK DOUG now owns 578,361 shares of SiteOne Landscape Supply Inc, valued at $1,600,100 using the latest closing price.
BLACK DOUG, the CEO of SiteOne Landscape Supply Inc, sale 10,000 shares at $162.10 during a trade that took place back on Apr 17 ’24, which means that BLACK DOUG is holding 574,657 shares at $1,621,000 based on the most recent closing price.
Stock Fundamentals for SITE
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.34 for the gross margin
The net margin for SiteOne Landscape Supply Inc stands at 0.04. The total capital return value is set at 0.1. Equity return is now at value 11.42, with 5.46 for asset returns.
Based on SiteOne Landscape Supply Inc (SITE), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 0.63. The debt to equity ratio resting at 0.38. The interest coverage ratio of the stock is 8.16.
Currently, EBITDA for the company is 362.3 million with net debt to EBITDA at 2.56. When we switch over and look at the enterprise to sales, we see a ratio of 1.56. The receivables turnover for the company is 8.22for trailing twelve months and the total asset turnover is 1.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.36.
Conclusion
To sum up, SiteOne Landscape Supply Inc (SITE) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
