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24 February
SiteOne Landscape Supply (SITE) Price Target Increased by 9.51% to 170.91

The average one-year price target for SiteOne Landscape Supply (NYSE:SITE) has been revised to 170.91 / share. This is an increase of 9.51% from the prior estimate of 156.06 dated January 16, 2024.

The price target is an average of many targets provided by analysts. The latest targets range from a low of 121.20 to a high of 214.20 / share. The average price target represents an increase of 1.96% from the latest reported closing price of 167.62 / share.

What is the Fund Sentiment?

There are 746 funds or institutions reporting positions in SiteOne Landscape Supply. This is an increase of 16 owner(s) or 2.19% in the last quarter. Average portfolio weight of all funds dedicated to SITE is 0.36%, a decrease of 4.49%. Total shares owned by institutions decreased in the last three months by 1.05% to 56,152K shares. The put/call ratio of SITE is 19.89, indicating a bearish outlook.

What are Other Shareholders Doing?

Price T Rowe Associates holds 5,204K shares representing 11.54% ownership of the company. In it's prior filing, the firm reported owning 6,231K shares, representing a decrease of 19.74%. The firm decreased its portfolio allocation in SITE by 23.87% over the last quarter.

PRNHX - T. Rowe Price New Horizons Fund holds 4,431K shares representing 9.83% ownership of the company. In it's prior filing, the firm reported owning 4,432K shares, representing a decrease of 0.03%. The firm increased its portfolio allocation in SITE by 4.05% over the last quarter.

Kayne Anderson Rudnick Investment Management holds 3,384K shares representing 7.51% ownership of the company. In it's prior filing, the firm reported owning 3,385K shares, representing a decrease of 0.02%. The firm decreased its portfolio allocation in SITE by 39.19% over the last quarter.

Baillie Gifford holds 2,126K shares representing 4.72% ownership of the company. In it's prior filing, the firm reported owning 2,220K shares, representing a decrease of 4.40%. The firm decreased its portfolio allocation in SITE by 68.86% over the last quarter.

Bamco holds 1,495K shares representing 3.32% ownership of the company. In it's prior filing, the firm reported owning 1,421K shares, representing an increase of 5.00%. The firm decreased its portfolio allocation in SITE by 4.08% 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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This story originally appeared on Fintel.

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