SiteOne Landscape Supply (NYSE:SITE) Given New $153.00 Price Target at Stifel Nicolaus

SiteOne Landscape Supply (NYSE:SITE) had its price objective cut by investment analysts at Stifel Nicolaus from $157.00 to $153.00 in a report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 39.11% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. UBS Group assumed coverage on shares of SiteOne Landscape Supply in a research note on Friday, April 10th. They issued a “neutral” rating and a $140.00 price target on the stock. Weiss Ratings cut shares of SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Robert W. Baird set a $160.00 price objective on shares of SiteOne Landscape Supply in a report on Thursday, April 30th. Bank of America decreased their target price on shares of SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $159.70.

SiteOne Landscape Supply Stock Performance

SITE opened at $109.99 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.33 and a quick ratio of 0.96. The business has a fifty day simple moving average of $120.51 and a 200 day simple moving average of $131.53. SiteOne Landscape Supply has a 1 year low of $100.52 and a 1 year high of $168.56. The company has a market capitalization of $4.87 billion, a PE ratio of 32.64, a price-to-earnings-growth ratio of 1.43 and a beta of 1.35.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data on Wednesday, April 29th. The industrial products company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.27). SiteOne Landscape Supply had a return on equity of 9.22% and a net margin of 3.24%.The firm had revenue of $940.10 million for the quarter, compared to the consensus estimate of $982.27 million. During the same quarter in the previous year, the business earned ($0.61) EPS. The firm’s quarterly revenue was up .1% on a year-over-year basis. Research analysts expect that SiteOne Landscape Supply will post 4.18 EPS for the current year.

Insider Buying and Selling

In related news, Director Fred M. Diaz sold 563 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $115.13, for a total value of $64,818.19. Following the completion of the transaction, the director owned 11,829 shares of the company’s stock, valued at $1,361,872.77. The trade was a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SiteOne Landscape Supply

Several hedge funds have recently bought and sold shares of the company. 59 North Capital Management LP bought a new position in SiteOne Landscape Supply in the third quarter valued at approximately $214,417,000. Cartenna Capital LP bought a new stake in SiteOne Landscape Supply during the third quarter worth $63,756,000. Amundi bought a new stake in SiteOne Landscape Supply during the third quarter worth $59,763,000. AQR Capital Management LLC boosted its holdings in shares of SiteOne Landscape Supply by 171.0% in the 4th quarter. AQR Capital Management LLC now owns 691,558 shares of the industrial products company’s stock valued at $86,140,000 after purchasing an additional 436,376 shares in the last quarter. Finally, Southpoint Capital Advisors LP acquired a new stake in shares of SiteOne Landscape Supply in the 4th quarter valued at $49,824,000.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.