SiteOne Landscape Supply (NYSE:SITE) Price Target Cut to $125.00

SiteOne Landscape Supply (NYSE:SITE) had its target price lowered by research analysts at Jefferies Financial Group from $160.00 to $125.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “hold” rating on the industrial products company’s stock. Jefferies Financial Group’s target price suggests a potential downside of 4.01% from the company’s previous close.

SITE has been the subject of a number of other research reports. Loop Capital decreased their price objective on shares of SiteOne Landscape Supply from $155.00 to $140.00 and set a “hold” rating for the company in a research note on Thursday, June 13th. Barclays cut their target price on shares of SiteOne Landscape Supply from $133.00 to $129.00 and set an “underweight” rating for the company in a research report on Wednesday, June 5th. UBS Group cut their target price on shares of SiteOne Landscape Supply from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Tuesday. Stifel Nicolaus cut their price target on shares of SiteOne Landscape Supply from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, June 10th. Finally, Robert W. Baird lowered their target price on shares of SiteOne Landscape Supply from $185.00 to $175.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 5th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $147.11.

SiteOne Landscape Supply Price Performance

Shares of NYSE:SITE opened at $130.22 on Thursday. The firm’s 50 day moving average is $138.36 and its two-hundred day moving average is $155.51. SiteOne Landscape Supply has a 52 week low of $114.60 and a 52 week high of $188.01. The firm has a market capitalization of $5.89 billion, a P/E ratio of 37.74 and a beta of 1.52. The company has a current ratio of 2.36, a quick ratio of 0.96 and a debt-to-equity ratio of 0.35.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data on Wednesday, May 1st. The industrial products company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.22). The company had revenue of $904.80 million during the quarter, compared to the consensus estimate of $864.01 million. SiteOne Landscape Supply had a net margin of 3.63% and a return on equity of 10.77%. The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.10) earnings per share. Analysts anticipate that SiteOne Landscape Supply will post 3.81 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Doug Black sold 10,000 shares of SiteOne Landscape Supply stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $162.10, for a total value of $1,621,000.00. Following the completion of the sale, the chief executive officer now owns 574,657 shares of the company’s stock, valued at approximately $93,151,899.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On SiteOne Landscape Supply

A number of institutional investors and hedge funds have recently modified their holdings of SITE. Legacy Capital Group California Inc. increased its position in shares of SiteOne Landscape Supply by 3.2% in the fourth quarter. Legacy Capital Group California Inc. now owns 2,886 shares of the industrial products company’s stock worth $469,000 after purchasing an additional 90 shares during the last quarter. Hills Bank & Trust Co grew its holdings in shares of SiteOne Landscape Supply by 8.7% in the fourth quarter. Hills Bank & Trust Co now owns 1,566 shares of the industrial products company’s stock worth $254,000 after purchasing an additional 125 shares during the last quarter. iA Global Asset Management Inc. grew its holdings in shares of SiteOne Landscape Supply by 7.9% in the first quarter. iA Global Asset Management Inc. now owns 1,741 shares of the industrial products company’s stock worth $304,000 after purchasing an additional 127 shares during the last quarter. Mitchell & Pahl Private Wealth LLC grew its holdings in shares of SiteOne Landscape Supply by 3.5% in the second quarter. Mitchell & Pahl Private Wealth LLC now owns 4,341 shares of the industrial products company’s stock worth $527,000 after purchasing an additional 148 shares during the last quarter. Finally, Verdence Capital Advisors LLC grew its holdings in shares of SiteOne Landscape Supply by 9.2% in the fourth quarter. Verdence Capital Advisors LLC now owns 1,950 shares of the industrial products company’s stock worth $317,000 after purchasing an additional 165 shares during the last quarter.

About SiteOne Landscape Supply

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.