SiteOne Landscape Supply (NYSE:SITE) Price Target Cut to $133.00

SiteOne Landscape Supply (NYSE:SITE) had its price target decreased by analysts at Barclays from $145.00 to $133.00 in a research note issued on Thursday, 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 12.74% from the company’s current price.

Other analysts also recently issued reports about the stock. Stifel Nicolaus raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and decreased their target price for the stock from $167.00 to $165.00 in a research report on Thursday. Truist Financial lowered their target price 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. Robert W. Baird boosted their price target on SiteOne Landscape Supply from $175.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Royal Bank of Canada increased their price objective on SiteOne Landscape Supply from $150.00 to $157.00 and gave the company a “sector perform” rating in a report on Thursday, February 15th. Finally, Loop Capital downgraded SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, SiteOne Landscape Supply presently has an average rating of “Hold” and an average target price of $167.50.

SiteOne Landscape Supply Stock Up 1.4 %

Shares of SiteOne Landscape Supply stock traded up $2.06 on Thursday, hitting $152.42. 481,180 shares of the company traded hands, compared to its average volume of 350,666. SiteOne Landscape Supply has a 12-month low of $116.81 and a 12-month high of $188.01. The company has a quick ratio of 1.10, a current ratio of 2.36 and a debt-to-equity ratio of 0.35. The company has a market cap of $6.89 billion, a PE ratio of 44.18 and a beta of 1.53. The company has a 50-day moving average price of $169.37 and a 200 day moving average price of $156.71.

SiteOne Landscape Supply (NYSE:SITE) last issued its earnings results on Wednesday, May 1st. The industrial products company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.22). SiteOne Landscape Supply had a net margin of 3.63% and a return on equity of 10.77%. The firm had revenue of $904.80 million during the quarter, compared to analysts’ expectations of $864.01 million. During the same quarter last year, the firm earned ($0.10) EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. Sell-side analysts predict that SiteOne Landscape Supply will post 3.94 earnings per share for the current year.

Insider Buying and Selling at SiteOne Landscape Supply

In related news, CEO Doug Black sold 10,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $176.35, for a total value of $1,763,500.00. Following the transaction, the chief executive officer now directly owns 574,657 shares in the company, valued at $101,340,761.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO John T. Guthrie sold 3,000 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $180.00, for a total value of $540,000.00. Following the sale, the chief financial officer now directly owns 15,467 shares in the company, valued at approximately $2,784,060. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Doug Black sold 10,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $176.35, for a total transaction of $1,763,500.00. Following the completion of the sale, the chief executive officer now owns 574,657 shares in the company, valued at $101,340,761.95. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,000 shares of company stock worth $3,924,500. Insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On SiteOne Landscape Supply

A number of hedge funds have recently modified their holdings of the business. Northern Trust Corp lifted its position in SiteOne Landscape Supply by 1.5% in the 3rd quarter. Northern Trust Corp now owns 221,336 shares of the industrial products company’s stock valued at $36,177,000 after acquiring an additional 3,301 shares in the last quarter. WCM Investment Management LLC grew its holdings in shares of SiteOne Landscape Supply by 33.4% during the fourth quarter. WCM Investment Management LLC now owns 33,429 shares of the industrial products company’s stock worth $5,483,000 after buying an additional 8,379 shares in the last quarter. Handelsbanken Fonder AB raised its position in SiteOne Landscape Supply by 10.8% in the 4th quarter. Handelsbanken Fonder AB now owns 229,237 shares of the industrial products company’s stock valued at $37,251,000 after buying an additional 22,400 shares during the last quarter. Hsbc Holdings PLC bought a new stake in SiteOne Landscape Supply in the 3rd quarter valued at approximately $1,826,000. Finally, Trexquant Investment LP acquired a new stake in SiteOne Landscape Supply in the 3rd quarter worth about $4,060,000.

SiteOne Landscape Supply Company Profile

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.