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

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

A number of other brokerages have also weighed in on SITE. UBS Group lowered their target price on 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. Royal Bank of Canada decreased their price target on shares of SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 1st. StockNews.com downgraded shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. Jefferies Financial Group cut their price target on SiteOne Landscape Supply from $160.00 to $125.00 and set a “hold” rating for the company in a research note on Thursday, July 11th. Finally, The Goldman Sachs Group initiated coverage on SiteOne Landscape Supply in a research report on Thursday, October 10th. They set a “neutral” rating and a $158.00 price objective for the company. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $147.20.

SiteOne Landscape Supply Trading Up 0.8 %

SiteOne Landscape Supply stock 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. The stock has a 50-day simple moving average of $141.83 and a 200 day simple moving average of $144.04. The stock has a market capitalization of $6.66 billion, a P/E ratio of 42.70 and a beta of 1.53. SiteOne Landscape Supply has a 52 week low of $114.60 and a 52 week high of $188.01.

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

Insiders Place Their Bets

In other news, Director Fred M. Diaz sold 878 shares of the company’s stock in a transaction 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 owns 11,267 shares in the company, valued at $1,453,893.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate 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 modified their holdings of the business. MJP Associates Inc. ADV grew its position in shares of SiteOne Landscape Supply by 5.7% during the 2nd quarter. MJP Associates Inc. ADV now owns 1,707 shares of the industrial products company’s stock valued at $207,000 after acquiring an additional 92 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in SiteOne Landscape Supply by 5.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,018 shares of the industrial products company’s stock worth $245,000 after acquiring an additional 98 shares during the last quarter. Equitable Trust Co. increased its holdings in SiteOne Landscape Supply by 3.0% in the 2nd quarter. Equitable Trust Co. now owns 3,558 shares of the industrial products company’s stock worth $432,000 after acquiring an additional 103 shares during the last quarter. iA Global Asset Management Inc. lifted its holdings in SiteOne Landscape Supply by 7.9% during the first quarter. iA Global Asset Management Inc. now owns 1,741 shares of the industrial products company’s stock valued at $304,000 after purchasing an additional 127 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in SiteOne Landscape Supply by 35.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 521 shares of the industrial products company’s stock worth $63,000 after purchasing an additional 135 shares during the period.

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.