SiteOne Landscape Supply (SITE), a premier provider of landscape supplies and services, has charted a dynamic course in the financial markets since its public debut. The subsequent table showcases the yearly performance of SiteOne Landscape Supply’s stock, illustrating a trajectory characterized by robust expansion and some challenges.
Annual Returns of SiteOne Landscape Supply Stock (SITE)
| Year | Beginning | Ending | Gain/Loss | S&P 500 |
|---|---|---|---|---|
| 2023 | $117.77 | $162.50 | 37.98% | 24.73% |
| 2022 | $236.85 | $117.32 | -50.47% | -19.95% |
| 2021 | $151.85 | $242.28 | 59.55% | 28.79% |
| 2020 | $90.63 | $158.63 | 75.03% | 15.29% |
| 2019 | $55.42 | $90.65 | 63.57% | 28.71% |
| 2018 | $76.28 | $55.27 | -27.54% | -7.01% |
| 2017 | $35.72 | $76.70 | 114.73% | 18.42% |
| 2016 | $26.67 | $34.73 | 30.22% | 11.24% |
The table above displays the SITE Yearly Return Rate, highlighting SiteOne Landscape Supply’s annual stock performance on a split-adjusted basis. This data does not include dividends, stock spin-offs, taxes, or transaction commissions.
SiteOne Landscape Supply (SITE) Stock History
A Promising Start (2016)
SiteOne Landscape Supply kicked off its journey in the stock market with a notable opening price of $26.67. Throughout the year, the company demonstrated resilience and growth potential, closing at $34.73. This represented an impressive gain of 30.22% for the year, outperforming the S&P 500’s gain of 11.24%. This initial success hinted at the company’s strong fundamentals and potential for future growth.
Remarkable Growth (2017)
The year 2017 marked a period of extraordinary growth for SiteOne Landscape Supply, with the stock price soaring from $35.72 to $76.70. This remarkable increase translated to a gain of 114.73%, significantly ahead of the S&P 500’s performance of 18.42%. The company’s ability to more than double its stock price in a single year showcased its robust business model and market acceptance.
A Challenging Year (2018)
After two years of impressive gains, 2018 presented a setback for SiteOne Landscape Supply, with the stock price declining from $76.28 to $55.27, marking a loss of 27.54%. This downturn mirrored a challenging market environment, as the S&P 500 also experienced a decline of 7.01%. Despite this, the company’s long-term potential remained intact, attributed to its solid foundation and strategic initiatives.
Bouncing Back Strong (2019)
In 2019, SiteOne Landscape Supply demonstrated its resilience by rebounding strongly from the previous year’s losses. The stock price climbed from $55.42 to $90.65, achieving a gain of 63.57%, which outpaced the S&P 500’s gain of 28.71%. This recovery underscored the company’s capacity to navigate market fluctuations and continue its growth trajectory.
Sustained Growth Amidst Challenges (2020)
Amidst a globally challenging year, SiteOne Landscape Supply continued its upward momentum, with the stock price moving from $90.63 to $158.63. This growth represented a significant gain of 75.03%, well above the S&P 500’s increase of 15.29%. The company’s performance during this period highlighted its operational strength and the increasing demand for landscaping supplies and services.
Achieving New Heights (2021)
SiteOne Landscape Supply reached new heights in 2021, with the stock price escalating from $151.85 to $242.28, marking a gain of 59.55%. This outperformance against the S&P 500, which gained 28.79%, indicated the company’s continued market leadership and the effectiveness of its strategic growth initiatives.
A Year of Correction (2022)
The year 2022 saw a significant correction for SiteOne Landscape Supply, with the stock price declining from $236.85 to $117.32, a loss of 50.47%. This downturn was sharper than the S&P 500’s decline of 19.95%, reflecting market volatility and potential overvaluation. However, it also presented a potential buying opportunity for investors believing in the company’s long-term value proposition.
Resilient Recovery and Optimism (2023)
Demonstrating resilience, SiteOne Landscape Supply’s stock rebounded in 2023, starting at $117.77 and climbing to $162.50, yielding a gain of 37.98%. This performance significantly outpaced the S&P 500’s gain of 24.73%, signaling strong investor confidence and the company’s successful navigation through market challenges.