SiteOne Landscape Supply (NYSE:SITE) Price Target Raised to $183.00 at Robert W. Baird

SiteOne Landscape Supply (NYSE:SITE) had its target price hoisted by Robert W. Baird from $168.00 to $183.00 in a research note released on Wednesday, Benzinga reports. The firm currently has an outperform rating on the industrial products company’s stock.

Several other research analysts have also commented on SITE. Stifel Nicolaus lowered SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 target price for the company. in a research report on Thursday, August 1st. The Goldman Sachs Group began coverage on SiteOne Landscape Supply in a research note on Thursday, October 10th. They set a “neutral” rating and a $158.00 price objective for the company. Barclays lowered their price target on SiteOne Landscape Supply from $129.00 to $114.00 and set an “underweight” rating on the stock in a report on Friday, July 12th. Jefferies Financial Group cut their price objective on SiteOne Landscape Supply from $160.00 to $125.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Finally, StockNews.com lowered SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $147.20.

SiteOne Landscape Supply Stock Up 0.8 %

Shares of NYSE SITE opened at $147.31 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 2.47. SiteOne Landscape Supply has a 1 year low of $114.60 and a 1 year high of $188.01. The stock’s 50-day simple moving average is $141.83 and its 200-day simple moving average is $144.04. The firm has a market cap of $6.66 billion, a price-to-earnings ratio of 42.70 and a beta of 1.53.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.13. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.39 billion. SiteOne Landscape Supply had a net margin of 3.50% and a return on equity of 10.27%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.71 earnings per share. As a group, equities analysts anticipate that SiteOne Landscape Supply will post 3.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 878 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $129.04, for a total value of $113,297.12. Following the completion of the sale, the director now directly owns 11,267 shares of the company’s stock, valued at $1,453,893.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SiteOne Landscape Supply

Institutional investors have recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. bought a new stake in SiteOne Landscape Supply during the second quarter valued at about $27,000. Toronto Dominion Bank acquired a new stake in shares of SiteOne Landscape Supply in the first quarter valued at approximately $29,000. American National Bank & Trust bought a new stake in SiteOne Landscape Supply during the 3rd quarter worth about $49,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of SiteOne Landscape Supply by 588.1% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 289 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 247 shares during the period. Finally, Quarry LP acquired a new stake in shares of SiteOne Landscape Supply in the 2nd quarter valued at approximately $61,000.

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.