Fintel reports that on December 6, 2024, Jefferies upgraded their outlook for SiteOne Landscape Supply (NYSE:SITE) from Hold to Buy.
Analyst Price Forecast Suggests 8.36% Upside
As of December 3, 2024, the average one-year price target for SiteOne Landscape Supply is $156.97/share. The forecasts range from a low of $121.20 to a high of $194.25. The average price target represents an increase of 8.36% from its latest reported closing price of $144.86 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for SiteOne Landscape Supply is 4,241MM, a decrease of 5.60%. The projected annual non-GAAP EPS is 5.13.
What is the Fund Sentiment?
There are 780 funds or institutions reporting positions in SiteOne Landscape Supply. This is an decrease of 11 owner(s) or 1.39% in the last quarter. Average portfolio weight of all funds dedicated to SITE is 0.26%, an increase of 4.30%. Total shares owned by institutions increased in the last three months by 1.50% to 56,885K shares. 
The put/call ratio of SITE is 0.25, indicating a bullish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 5,687K shares representing 12.60% ownership of the company. In its prior filing, the firm reported owning 4,816K shares , representing an increase of 15.31%. The firm decreased its portfolio allocation in SITE by 29.49% over the last quarter.
Kayne Anderson Rudnick Investment Management holds 3,407K shares representing 7.55% ownership of the company. In its prior filing, the firm reported owning 3,442K shares , representing a decrease of 1.01%. The firm decreased its portfolio allocation in SITE by 21.64% over the last quarter.
PRNHX - T. Rowe Price New Horizons Fund holds 3,220K shares representing 7.14% ownership of the company. In its prior filing, the firm reported owning 3,141K shares , representing an increase of 2.47%. The firm increased its portfolio allocation in SITE by 29.89% over the last quarter.
Baillie Gifford holds 1,885K shares representing 4.18% ownership of the company. In its prior filing, the firm reported owning 1,958K shares , representing a decrease of 3.89%. The firm decreased its portfolio allocation in SITE by 56.79% over the last quarter.
Bamco holds 1,580K shares representing 3.50% ownership of the company. In its prior filing, the firm reported owning 1,451K shares , representing an increase of 8.18%. The firm increased its portfolio allocation in SITE by 25.39% over the last quarter.
SiteOne Landscape Supply Background Information
(This description is provided by the company.)
SiteOne Landscape Supply (NYSE: SITE), is the largest and only national wholesale distributor of landscape supplies in the United States and has a growing presence in Canada. Its customers are primarily residential and commercial landscape professionals who specialize in the design, installation and maintenance of lawns, gardens, golf courses and other outdoor spaces.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
