SiteOne Landscape Supply (NYSE:SITE) Reaches New 1-Year Low - Here's Why

SiteOne Landscape Supply, Inc. (NYSE:SITE - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $110.76 and last traded at $111.74, with a volume of 142283 shares traded. The stock had previously closed at $122.65.

Wall Street Analyst Weigh In

Several brokerages have commented on SITE. UBS Group reduced their price target on SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Barclays reduced their target price on SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating on the stock in a report on Tuesday. StockNews.com upgraded shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Sunday, March 16th. Stifel Nicolaus reiterated a "hold" rating and set a $140.00 price objective (down from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday, February 10th. Finally, Royal Bank of Canada upped their price target on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $149.70.

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SiteOne Landscape Supply Trading Down 4.5 %

The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. The firm has a fifty day simple moving average of $129.67 and a 200-day simple moving average of $138.43. The firm has a market cap of $4.71 billion, a P/E ratio of 38.90 and a beta of 1.62.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted its quarterly 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 net margin of 2.72% and a return on equity of 7.93%. On average, equities research analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

Institutional Investors Weigh In On SiteOne Landscape Supply

Institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC increased its holdings in SiteOne Landscape Supply by 71.2% during the 3rd quarter. Barclays PLC now owns 48,398 shares of the industrial products company's stock worth $7,304,000 after purchasing an additional 20,134 shares in the last quarter. Janus Henderson Group PLC raised its position in SiteOne Landscape Supply by 36.5% in the 3rd quarter. Janus Henderson Group PLC now owns 49,784 shares of the industrial products company's stock valued at $7,512,000 after buying an additional 13,314 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in SiteOne Landscape Supply by 5.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 528,873 shares of the industrial products company's stock worth $79,812,000 after acquiring an additional 29,025 shares during the last quarter. US Bancorp DE raised its holdings in shares of SiteOne Landscape Supply by 10.5% in the fourth quarter. US Bancorp DE now owns 6,717 shares of the industrial products company's stock valued at $885,000 after purchasing an additional 638 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of SiteOne Landscape Supply by 149.6% during the third quarter. BNP Paribas Financial Markets now owns 9,805 shares of the industrial products company's stock valued at $1,480,000 after purchasing an additional 5,877 shares in the last quarter.

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.