SiteOne Landscape Supply (NYSE:SITE) Given New $183.00 Price Target at Robert W. Baird

by · The Cerbat Gem

SiteOne Landscape Supply (NYSE:SITE – Free Report) had its price target raised by Robert W. Baird from $168.00 to $183.00 in a report issued on Wednesday morning, Benzinga reports. The firm currently has an outperform rating on the industrial products company’s stock.

Several other analysts also recently issued reports on the company. UBS Group dropped their price target on SiteOne Landscape Supply from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Jefferies Financial Group cut their target price on SiteOne Landscape Supply from $160.00 to $125.00 and set a “hold” rating on the stock in a research note on Thursday, July 11th. Stifel Nicolaus cut shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 price target for the company. in a research note on Thursday, August 1st. The Goldman Sachs Group assumed coverage on shares of SiteOne Landscape Supply in a research report on Thursday, October 10th. They issued a “neutral” rating and a $158.00 price objective on the stock. Finally, StockNews.com downgraded shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $147.20.

View Our Latest Stock Analysis on SiteOne Landscape Supply

SiteOne Landscape Supply Price Performance

Shares of SITE opened at $145.02 on Wednesday. The stock has a 50 day simple moving average of $142.32 and a 200 day simple moving average of $143.70. SiteOne Landscape Supply has a 52-week low of $114.60 and a 52-week high of $188.01. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 2.47. The firm has a market capitalization of $6.54 billion, a PE ratio of 43.03 and a beta of 1.53.

SiteOne Landscape Supply (NYSE:SITE – Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.13. SiteOne Landscape Supply had a net margin of 3.50% and a return on equity of 10.27%. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the prior year, the company earned $2.71 earnings per share. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. Sell-side analysts predict that SiteOne Landscape Supply will post 3.23 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Fred M. Diaz sold 878 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $129.04, for a total value of $113,297.12. Following the completion of the sale, the director now directly owns 11,267 shares of the company’s stock, valued at $1,453,893.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SiteOne Landscape Supply

Large investors have recently modified their holdings of the stock. Cetera Advisors LLC acquired a new position in SiteOne Landscape Supply in the 1st quarter valued at about $708,000. Picton Mahoney Asset Management increased its stake in shares of SiteOne Landscape Supply by 3,279.9% during the first quarter. Picton Mahoney Asset Management now owns 24,842 shares of the industrial products company’s stock worth $4,337,000 after purchasing an additional 24,107 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in SiteOne Landscape Supply by 54.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 22,151 shares of the industrial products company’s stock worth $3,866,000 after purchasing an additional 7,829 shares during the last quarter. Swedbank AB bought a new stake in SiteOne Landscape Supply in the 1st quarter valued at $16,757,000. Finally, Cetera Investment Advisers grew its holdings in SiteOne Landscape Supply by 143.8% in the 1st quarter. Cetera Investment Advisers now owns 12,281 shares of the industrial products company’s stock valued at $2,144,000 after buying an additional 7,244 shares in the last quarter.

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.

Featured Stories