Fintel reports that on September 29, 2023, Loop Capital maintained coverage of SiteOne Landscape Supply (NYSE:SITE) with a Buy recommendation.
Analyst Price Forecast Suggests 4.01% Upside
As of August 31, 2023, the average one-year price target for SiteOne Landscape Supply is 170.00. The forecasts range from a low of 142.41 to a high of $196.35. The average price target represents an increase of 4.01% from its latest reported closing price of 163.45.
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The projected annual revenue for SiteOne Landscape Supply is 4,109MM, a decrease of 1.79%. The projected annual non-GAAP EPS is 4.73.
What is the Fund Sentiment?
There are 952 funds or institutions reporting positions in SiteOne Landscape Supply. This is a decrease of 6 owner(s) or 0.63% in the last quarter. Average portfolio weight of all funds dedicated to SITE is 0.40%, an increase of 9.58%. Total shares owned by institutions decreased in the last three months by 4.93% to 75,551K shares. 
The put/call ratio of SITE is 4.00, indicating a bearish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 10,042K shares representing 22.29% ownership of the company. In it's prior filing, the firm reported owning 9,273K shares, representing an increase of 7.66%. The firm increased its portfolio allocation in SITE by 12.90% over the last quarter.
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 7,934K shares representing 17.61% ownership of the company. In it's prior filing, the firm reported owning 8,406K shares, representing a decrease of 5.95%. The firm increased its portfolio allocation in SITE by 5.15% over the last quarter.
Price T Rowe Associates holds 6,266K shares representing 13.91% ownership of the company. In it's prior filing, the firm reported owning 5,832K shares, representing an increase of 6.92%. The firm increased its portfolio allocation in SITE by 175.89% over the last quarter.
IWM - iShares Russell 2000 ETF holds 4,528K shares representing 10.05% ownership of the company. In it's prior filing, the firm reported owning 4,200K shares, representing an increase of 7.25%. The firm increased its portfolio allocation in SITE by 7.00% over the last quarter.
PRNHX - T. Rowe Price New Horizons Fund holds 4,432K shares representing 9.84% ownership of the company. In it's prior filing, the firm reported owning 4,276K shares, representing an increase of 3.53%. The firm increased its portfolio allocation in SITE by 20.21% 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.
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