Robert W. Baird Cuts SiteOne Landscape Supply (NYSE:SITE) Price Target to $155.00

SiteOne Landscape Supply (NYSE:SITE) had its target price cut by Robert W. Baird from $160.00 to $155.00 in a report issued on Tuesday, MarketBeat reports. They currently have an outperform rating on the industrial products company’s stock.

Other research analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research report on Thursday, April 30th. Barclays decreased their price objective on SiteOne Landscape Supply from $148.00 to $129.00 and set an “equal weight” rating for the company in a report on Tuesday, July 14th. Stifel Nicolaus reduced their price target on shares of SiteOne Landscape Supply from $157.00 to $153.00 and set a “buy” rating for the company in a research report on Monday, June 22nd. KeyCorp started coverage on shares of SiteOne Landscape Supply in a research note on Monday, July 13th. They set an “overweight” rating and a $145.00 price target for the company. Finally, Bank of America dropped their price objective on shares of SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $135.27.

SiteOne Landscape Supply Stock Performance

Shares of SITE stock opened at $95.02 on Tuesday. The stock’s 50-day moving average is $106.98 and its two-hundred day moving average is $126.94. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 2.33. SiteOne Landscape Supply has a 1 year low of $90.07 and a 1 year high of $168.56. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 1.27 and a beta of 1.34.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $3.14 earnings per share for the quarter, missing the consensus estimate of $3.36 by ($0.22). The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.54 billion. SiteOne Landscape Supply had a net margin of 3.41% and a return on equity of 9.80%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.86 earnings per share. Analysts predict that SiteOne Landscape Supply will post 4.02 earnings per share for the current year.

Insiders Place Their Bets

In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 562 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $112.52, for a total value of $63,236.24. Following the sale, the director owned 11,267 shares of the company’s stock, valued at approximately $1,267,762.84. This represents a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Amundi purchased a new stake in shares of SiteOne Landscape Supply during the 3rd quarter worth about $59,763,000. AQR Capital Management LLC raised its holdings in SiteOne Landscape Supply by 171.0% in the fourth quarter. AQR Capital Management LLC now owns 691,558 shares of the industrial products company’s stock valued at $86,140,000 after buying an additional 436,376 shares during the period. Southpoint Capital Advisors LP acquired a new position in SiteOne Landscape Supply during the fourth quarter valued at approximately $49,824,000. Capital World Investors lifted its position in SiteOne Landscape Supply by 37.9% during the fourth quarter. Capital World Investors now owns 1,402,337 shares of the industrial products company’s stock valued at $174,675,000 after buying an additional 385,666 shares in the last quarter. Finally, Millennium Management LLC grew its stake in SiteOne Landscape Supply by 621.3% during the fourth quarter. Millennium Management LLC now owns 389,981 shares of the industrial products company’s stock worth $48,576,000 after buying an additional 335,916 shares during the period.

Key Headlines Impacting SiteOne Landscape Supply

Here are the key news stories impacting SiteOne Landscape Supply this week:

• Positive Sentiment: Truist Financial maintained a Buy rating despite cutting its price target from $200 to $120, implying substantial upside from recent levels. Benzinga
• Positive Sentiment: KeyCorp retained an Overweight rating and lowered its target from $145 to $135, suggesting analysts still see meaningful long-term recovery potential. The Fly
• Neutral Sentiment: SiteOne forecast 2026 adjusted EBITDA of approximately $425 million to $455 million. Management also cited a 53rd-week calendar effect as a headwind, adding uncertainty around comparisons and the outlook. Seeking Alpha
• Negative Sentiment: Second-quarter EPS was $3.14, below the $3.36 consensus estimate, while revenue of $1.53 billion also fell short of the $1.54 billion forecast. Although revenue increased 4.7% year over year and EPS rose from $2.86, the earnings miss weakened investor confidence. Zacks
• Negative Sentiment: Analysts, including Robert W. Baird, Truist and KeyCorp, cut their forecasts or price targets after the disappointing quarter. The reductions signal that estimates are being reset lower, helping explain SITE’s decline and elevated trading volume. Benzinga analyst report

About SiteOne Landscape Supply

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.