Barclays Boosts SiteOne Landscape Supply (NYSE:SITE) Price Target to $120.00

SiteOne Landscape Supply (NYSE:SITE) had its price objective boosted by equities research analysts at Barclays from $114.00 to $120.00 in a research report issued on Thursday, Benzinga reports. The firm currently has an “underweight” rating on the industrial products company’s stock. Barclays‘s price objective would suggest a potential downside of 15.47% from the company’s current price.

Other research analysts have also recently issued reports about the company. Truist Financial boosted their target price on SiteOne Landscape Supply from $158.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. The Goldman Sachs Group started coverage on SiteOne Landscape Supply in a research report on Thursday, October 10th. They issued a “neutral” rating and a $158.00 price objective for the company. Robert W. Baird raised their target price on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. UBS Group cut their price target on shares of SiteOne Landscape Supply from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Finally, Royal Bank of Canada lowered their price objective on shares of SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating for the company in a research report on Thursday, August 1st. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $147.80.

SiteOne Landscape Supply Stock Up 1.6 %

SiteOne Landscape Supply stock opened at $141.96 on Thursday. The firm has a market capitalization of $6.41 billion, a price-to-earnings ratio of 45.94 and a beta of 1.53. The company’s 50 day simple moving average is $143.39 and its 200 day simple moving average is $141.89. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.47 and a quick ratio of 1.10. SiteOne Landscape Supply has a fifty-two week low of $114.60 and a fifty-two week high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.21). SiteOne Landscape Supply had a return on equity of 9.38% and a net margin of 3.16%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the business earned $1.25 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that SiteOne Landscape Supply will post 3.21 EPS for the current year.

Insider Transactions at SiteOne Landscape Supply

In related news, Director Fred M. Diaz sold 878 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $129.04, for a total transaction of $113,297.12. Following the transaction, the director now directly owns 11,267 shares in the company, valued at approximately $1,453,893.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On SiteOne Landscape Supply

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SITE. Whittier Trust Co. of Nevada Inc. bought a new position in SiteOne Landscape Supply in the 2nd quarter valued at about $27,000. Toronto Dominion Bank acquired a new stake in SiteOne Landscape Supply during the 1st quarter worth approximately $29,000. Blue Trust Inc. boosted its stake in SiteOne Landscape Supply by 287.7% in the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 187 shares during the period. American National Bank & Trust acquired a new position in SiteOne Landscape Supply in the 3rd quarter valued at $49,000. Finally, Quarry LP acquired a new position in SiteOne Landscape Supply in the 2nd quarter valued at $61,000.

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.