SiteOne Landscape Supply (NYSE:SITE) PT Lowered to $129.00

SiteOne Landscape Supply (NYSE:SITEGet Free Report) had its price objective cut by research analysts at Barclays from $133.00 to $129.00 in a report issued on Wednesday, Benzinga reports. The firm presently has an “underweight” rating on the industrial products company’s stock. Barclays‘s price target indicates a potential downside of 1.90% from the stock’s previous close.

Several other research firms have also recently weighed in on SITE. Robert W. Baird lowered their price objective on shares of SiteOne Landscape Supply from $185.00 to $175.00 and set an “outperform” rating on the stock in a research report on Wednesday. Truist Financial lowered their price objective on shares of SiteOne Landscape Supply from $204.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Stifel Nicolaus upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $167.00 to $165.00 in a research report on Thursday, May 2nd. Finally, Royal Bank of Canada lifted their price objective on shares of SiteOne Landscape Supply from $150.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 15th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $163.00.

Check Out Our Latest Report on SITE

SiteOne Landscape Supply Stock Performance

Shares of NYSE SITE opened at $131.50 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 2.36 and a debt-to-equity ratio of 0.35. The firm’s 50-day moving average price is $158.42 and its two-hundred day moving average price is $159.83. SiteOne Landscape Supply has a 52-week low of $116.81 and a 52-week high of $188.01. The stock has a market capitalization of $5.95 billion, a P/E ratio of 38.12 and a beta of 1.54.

SiteOne Landscape Supply (NYSE:SITEGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The industrial products company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.22). The business had revenue of $904.80 million for the quarter, compared to the consensus estimate of $864.01 million. SiteOne Landscape Supply had a net margin of 3.63% and a return on equity of 10.77%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm posted ($0.10) EPS. As a group, sell-side analysts forecast that SiteOne Landscape Supply will post 3.95 earnings per share for the current year.

Insider Activity at SiteOne Landscape Supply

In related news, CEO Doug Black sold 10,000 shares of the company’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $162.10, for a total value of $1,621,000.00. Following the transaction, the chief executive officer now directly owns 574,657 shares in the company, valued at $93,151,899.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SITE. EULAV Asset Management increased its position in SiteOne Landscape Supply by 2.2% during the 1st quarter. EULAV Asset Management now owns 51,100 shares of the industrial products company’s stock valued at $8,920,000 after purchasing an additional 1,100 shares during the period. Cetera Advisors LLC acquired a new stake in SiteOne Landscape Supply during the 1st quarter valued at approximately $708,000. Cetera Investment Advisers increased its position in SiteOne Landscape Supply by 143.8% during the 1st quarter. Cetera Investment Advisers now owns 12,281 shares of the industrial products company’s stock valued at $2,144,000 after purchasing an additional 7,244 shares during the period. Swedbank AB acquired a new stake in SiteOne Landscape Supply during the 1st quarter valued at approximately $16,757,000. Finally, LRI Investments LLC acquired a new stake in SiteOne Landscape Supply during the 1st quarter valued at approximately $168,000.

SiteOne Landscape Supply Company Profile

(Get Free Report)

SiteOne Landscape Supply, Inc, together with its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation products, including controllers, valves, sprinkler heads, irrigation pipes, micro irrigation, and drip products; fertilizer, grass seed, and ice melt products; control products, such as herbicides, fungicides, rodenticides, and other pesticides; landscape accessories that include mulches, soil amendments, drainage pipes, tools, and sods; nursery goods, which consist of deciduous and evergreen shrubs, ornamental, shade, evergreen trees, field grown and container-grown nursery stock, roses, perennials, annuals, bulbs, and plant species and cultivars; hardscapes, such as pavers, natural stones, blocks, and other durable materials; and outdoor lighting products that include lighting fixtures, LED lamps, wires, transformers, and accessories.

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Analyst Recommendations for SiteOne Landscape Supply (NYSE:SITE)

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