Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE – Get Rating) reached a new 52-week low during trading on Monday . The stock traded as low as $117.42 and last traded at $118.99, with a volume of 1531 shares trading hands. The stock had previously closed at $124.23.
SITE has been the topic of several research reports. Loop Capital decreased their price target on shares of SiteOne Landscape Supply from $190.00 to $170.00 and set a “hold” rating on the stock in a research note on Thursday, April 7th. Truist Financial cut their price objective on shares of SiteOne Landscape Supply from $275.00 to $200.00 and set a “hold” rating for the company in a research report on Thursday, February 17th. StockNews.com assumed coverage on shares of SiteOne Landscape Supply in a research report on Thursday, March 31st. They set a “hold” rating for the company. William Blair reaffirmed an “outperform” rating on shares of SiteOne Landscape Supply in a research report on Friday, March 11th. Finally, Barclays cut their price objective on shares of SiteOne Landscape Supply from $200.00 to $191.00 in a research report on Thursday, March 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $190.14.
The stock has a market cap of $5.32 billion, a P/E ratio of 20.90 and a beta of 1.32. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.32 and a quick ratio of 0.89. The business’s fifty day moving average price is $138.34 and its 200 day moving average price is $176.10.
SiteOne Landscape Supply (NYSE:SITE – Get Rating) last posted its earnings results on Wednesday, May 4th. The industrial products company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.54. The firm had revenue of $805.30 million during the quarter, compared to analysts’ expectations of $742.01 million. SiteOne Landscape Supply had a net margin of 7.25% and a return on equity of 25.59%. The business’s revenue for the quarter was up 23.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.16 earnings per share. On average, analysts predict that SiteOne Landscape Supply, Inc. will post 5.71 earnings per share for the current fiscal year.
In related news, CEO Doug Black sold 17,431 shares of the firm’s stock in a transaction that occurred on Wednesday, April 13th. The shares were sold at an average price of $149.12, for a total value of $2,599,310.72. Following the completion of the transaction, the chief executive officer now owns 468,918 shares in the company, valued at approximately $69,925,052.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.70% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Illinois Municipal Retirement Fund raised its holdings in SiteOne Landscape Supply by 26.4% in the 4th quarter. Illinois Municipal Retirement Fund now owns 7,584 shares of the industrial products company’s stock valued at $1,837,000 after buying an additional 1,583 shares during the last quarter. Canada Pension Plan Investment Board increased its position in SiteOne Landscape Supply by 5,989.4% during the 4th quarter. Canada Pension Plan Investment Board now owns 25,393 shares of the industrial products company’s stock valued at $6,152,000 after purchasing an additional 24,976 shares during the period. Verdence Capital Advisors LLC acquired a new stake in SiteOne Landscape Supply during the 4th quarter valued at approximately $238,000. Confluence Wealth Services Inc. acquired a new stake in SiteOne Landscape Supply during the 4th quarter valued at approximately $54,000. Finally, Lindenwold Advisors acquired a new stake in SiteOne Landscape Supply during the 4th quarter valued at approximately $384,000.
SiteOne Landscape Supply Company Profile (NYSE:SITE)
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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