SiteOne Landscape Supply Inc (SITE) Stock: A Value Analysis

The price-to-earnings ratio for SiteOne Landscape Supply Inc (NYSE: SITE) is 34.68x, which is above its average ratio. Moreover, the 36-month beta value for SITE is 1.51. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 0 as “sell.”

The public float for SITE is 44.51M and currently, short sellers hold a 5.36% of that float. On July 11, 2024, SITE’s average trading volume was 388.81K shares.

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SITE) stock’s latest price update

The stock of SiteOne Landscape Supply Inc (NYSE: SITE) has increased by 3.92 when compared to last closing price of 115.64. Despite this, the company has experienced a 3.09% gain in its stock price over the last five trading sessions. zacks.com reported 2024-07-03 that SiteOne Landscape (SITE) buys Millican Nurseries, its fifth acquisition in 2024.

SITE’s Market Performance

SITE’s stock has risen by 3.09% in the past week, with a monthly drop of -6.22% and a quarterly drop of -33.37%. The volatility ratio for the week is 2.42% while the volatility levels for the last 30 days are 2.58% for SiteOne Landscape Supply Inc The simple moving average for the last 20 days is -4.09% for SITE stock, with a simple moving average of -21.44% 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 -14.92% 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 -36.08% of loss for the given period.

Volatility was left at 2.58%, however, over the last 30 days, the volatility rate increased by 2.42%, as shares sank -6.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.07% lower at present.

During the last 5 trading sessions, SITE rose by +3.09%, which changed the moving average for the period of 200-days by -21.54% in comparison to the 20-day moving average, which settled at $124.85. In addition, SiteOne Landscape Supply Inc saw -26.05% 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 1.45. 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 wrap up, the performance of SiteOne Landscape Supply Inc (SITE) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.

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