SiteOne Landscape Supply (NYSE:SITE) Given New $175.00 Price Target at Robert W. Baird

SiteOne Landscape Supply (NYSE:SITE) had its target price lowered by Robert W. Baird from $183.00 to $175.00 in a research report sent to investors on Thursday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the industrial products company’s stock.

Several other research analysts have also commented on SITE. StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Jefferies Financial Group upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and increased their price objective for the stock from $145.00 to $175.00 in a research report on Friday, December 6th. Barclays lifted their price target on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a research report on Thursday, October 31st. Finally, Stifel Nicolaus restated a “hold” rating and set a $140.00 target price (down previously from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday. 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, SiteOne Landscape Supply presently has a consensus rating of “Hold” and a consensus price target of $154.56.

SiteOne Landscape Supply Price Performance

NYSE:SITE opened at $141.19 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. The stock has a 50 day moving average price of $138.24 and a 200 day moving average price of $141.45. The stock has a market cap of $6.37 billion, a PE ratio of 45.69 and a beta of 1.57. SiteOne Landscape Supply has a one year low of $114.60 and a one year high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.22). SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. Equities research analysts expect that SiteOne Landscape Supply will post 2.94 EPS for the current fiscal year.

Insider Activity at SiteOne Landscape Supply

In related news, EVP Joseph Ketter sold 6,500 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $142.20, for a total transaction of $924,300.00. Following the completion of the sale, the executive vice president now directly owns 12,942 shares of the company’s stock, valued at approximately $1,840,352.40. This represents a 33.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.70% of the stock is owned by insiders.

Institutional Investors Weigh In On SiteOne Landscape Supply

A number of institutional investors have recently added to or reduced their stakes in SITE. Barclays PLC boosted its holdings in SiteOne Landscape Supply by 71.2% during the third quarter. Barclays PLC now owns 48,398 shares of the industrial products company’s stock valued at $7,304,000 after purchasing an additional 20,134 shares in the last quarter. Holocene Advisors LP grew its stake in shares of SiteOne Landscape Supply by 38.2% during the third quarter. Holocene Advisors LP now owns 51,625 shares of the industrial products company’s stock worth $7,791,000 after purchasing an additional 14,269 shares during the period. Algert Global LLC lifted its holdings in SiteOne Landscape Supply by 375.4% during the third quarter. Algert Global LLC now owns 29,506 shares of the industrial products company’s stock worth $4,453,000 after acquiring an additional 23,300 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of SiteOne Landscape Supply by 36.5% during the third quarter. Janus Henderson Group PLC now owns 49,784 shares of the industrial products company’s stock worth $7,512,000 after acquiring an additional 13,314 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of SiteOne Landscape Supply by 16.4% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 35,269 shares of the industrial products company’s stock worth $5,322,000 after buying an additional 4,970 shares during the last quarter.

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 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.