SiteOne Landscape Supply (NYSE:SITE – Free Report) had its target price cut by Truist Financial from $187.00 to $158.00 in a report released on Friday morning, Benzinga reports. They currently have a buy rating on the industrial products company’s stock.
A number of other equities research analysts have also commented on SITE. StockNews.com started coverage on shares of SiteOne Landscape Supply in a report on Thursday, October 5th. They set a hold rating for the company. UBS Group raised SiteOne Landscape Supply from a neutral rating to a buy rating and raised their target price for the stock from $145.00 to $200.00 in a research note on Tuesday, September 26th. Loop Capital increased their price objective on SiteOne Landscape Supply from $175.00 to $200.00 and gave the stock a buy rating in a report on Friday, September 29th. Barclays reduced their target price on SiteOne Landscape Supply from $144.00 to $139.00 and set an underweight rating on the stock in a research note on Thursday, October 12th. Finally, Stifel Nicolaus dropped their price target on SiteOne Landscape Supply from $185.00 to $153.00 and set a buy rating for the company in a research note on Monday, October 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, SiteOne Landscape Supply currently has an average rating of Hold and an average price target of $163.10.
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SiteOne Landscape Supply Price Performance
Shares of NYSE:SITE opened at $127.79 on Friday. The company has a quick ratio of 1.06, a current ratio of 2.40 and a debt-to-equity ratio of 0.33. The stock has a market cap of $5.76 billion, a PE ratio of 33.28, a PEG ratio of 6.67 and a beta of 1.49. The company’s fifty day moving average is $154.02 and its 200 day moving average is $155.62. SiteOne Landscape Supply has a 52 week low of $106.79 and a 52 week high of $176.16.
SiteOne Landscape Supply (NYSE:SITE – Get Free Report) last released its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.50 by ($0.25). SiteOne Landscape Supply had a return on equity of 12.71% and a net margin of 4.16%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the prior year, the firm posted $1.60 EPS. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. Research analysts anticipate that SiteOne Landscape Supply will post 3.92 earnings per share for the current year.
Insider Activity at SiteOne Landscape Supply
In other SiteOne Landscape Supply news, CEO Doug Black sold 8,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $156.79, for a total value of $1,254,320.00. Following the sale, the chief executive officer now owns 564,886 shares in the company, valued at $88,568,475.94. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 23,960 shares of company stock valued at $3,682,755 in the last three months. Company insiders own 2.70% of the company’s stock.
Institutional Investors Weigh In On SiteOne Landscape Supply
A number of institutional investors have recently modified their holdings of SITE. Raymond James Financial Services Advisors Inc. grew its holdings in shares of SiteOne Landscape Supply by 15.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 4,436 shares of the industrial products company’s stock valued at $717,000 after buying an additional 593 shares during the last quarter. Cetera Advisor Networks LLC lifted its position in SiteOne Landscape Supply by 186.3% in the 1st quarter. Cetera Advisor Networks LLC now owns 2,525 shares of the industrial products company’s stock valued at $408,000 after acquiring an additional 1,643 shares in the last quarter. Citigroup Inc. boosted its stake in SiteOne Landscape Supply by 14.8% during the 1st quarter. Citigroup Inc. now owns 10,831 shares of the industrial products company’s stock valued at $1,751,000 after purchasing an additional 1,398 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of SiteOne Landscape Supply in the 1st quarter worth $410,000. Finally, MetLife Investment Management LLC bought a new stake in shares of SiteOne Landscape Supply in the 1st quarter worth $309,000.
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 a selection of approximately 155,000 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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Source: defenseworld.net