SiteOne Landscape Supply (NYSE:SITE – Get Rating) was downgraded by research analysts at TheStreet from a “b-” rating to a “c+” rating in a note issued to investors on Wednesday, TheStreetRatingsTable reports.
Several other research analysts also recently commented on the stock. Barclays decreased their price target on shares of SiteOne Landscape Supply from $200.00 to $191.00 in a research note on Thursday, March 31st. UBS Group raised SiteOne Landscape Supply from a “sell” rating to a “neutral” rating and lowered their target price for the company from $170.00 to $165.00 in a research note on Monday, March 28th. They noted that the move was a valuation call. Robert W. Baird reduced their price target on SiteOne Landscape Supply from $232.00 to $171.00 in a research report on Thursday, May 5th. William Blair reaffirmed an “outperform” rating on shares of SiteOne Landscape Supply in a research note on Friday, March 11th. Finally, Truist Financial dropped their price objective on SiteOne Landscape Supply from $275.00 to $200.00 and set a “hold” rating for the company in a research note on Thursday, February 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $184.88.
SiteOne Landscape Supply stock opened at $125.40 on Wednesday. SiteOne Landscape Supply has a 1-year low of $117.82 and a 1-year high of $260.00. The company has a current ratio of 2.32, a quick ratio of 0.89 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $5.63 billion, a PE ratio of 21.85 and a beta of 1.32. The firm’s 50 day simple moving average is $151.57 and its 200 day simple moving average is $190.03.
SiteOne Landscape Supply (NYSE:SITE – Get Rating) last released its quarterly earnings results on Wednesday, May 4th. The industrial products company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.54. SiteOne Landscape Supply had a net margin of 7.25% and a return on equity of 25.59%. The firm had revenue of $805.30 million during the quarter, compared to analyst estimates of $742.01 million. During the same period in the previous year, the business earned $0.16 EPS. The business’s revenue for the quarter was up 23.9% on a year-over-year basis. Research analysts forecast that SiteOne Landscape Supply will post 5.71 earnings per share for the current year.
In other SiteOne Landscape Supply news, CEO Doug Black sold 17,365 shares of the business’s stock in a transaction on Wednesday, March 16th. The shares were sold at an average price of $175.78, for a total transaction of $3,052,419.70. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 52,193 shares of company stock worth $8,426,900 over the last three months. Insiders own 2.70% of the company’s stock.
A number of institutional investors have recently bought and sold shares of SITE. Signaturefd LLC grew its holdings in shares of SiteOne Landscape Supply by 1,156.3% during the 1st quarter. Signaturefd LLC now owns 201 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 185 shares during the period. National Bank of Canada FI purchased a new stake in SiteOne Landscape Supply in the fourth quarter worth $34,000. Liberty Wealth Management LLC raised its holdings in SiteOne Landscape Supply by 1,053.8% in the third quarter. Liberty Wealth Management LLC now owns 150 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 137 shares in the last quarter. Catalyst Capital Advisors LLC lifted its position in SiteOne Landscape Supply by 111.4% during the fourth quarter. Catalyst Capital Advisors LLC now owns 148 shares of the industrial products company’s stock valued at $36,000 after buying an additional 78 shares during the period. Finally, Covestor Ltd bought a new stake in shares of SiteOne Landscape Supply during the 4th quarter valued at $38,000.
SiteOne Landscape Supply Company Profile (Get Rating)
SiteOne Landscape Supply, Inc engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides a selection of approximately 135,000 stock keeping units, including irrigation supplies, which comprise controllers, valves, sprinkler heads, and irrigation pipes; 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; 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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