StockNews.com downgraded shares of SiteOne Landscape Supply (NYSE:SITE - Free Report) from a hold rating to a sell rating in a research report released on Wednesday.
Several other research analysts also recently commented on SITE. Robert W. Baird cut their target price on SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Barclays raised their price target on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an "underweight" rating in a report on Thursday, October 31st. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a "hold" rating to a "buy" rating and upped their price objective for the company from $145.00 to $175.00 in a research note on Friday, December 6th. UBS Group lowered their target price on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. 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. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, SiteOne Landscape Supply has an average rating of "Hold" and an average target price of $154.56.
View Our Latest Research Report on SiteOne Landscape Supply
SiteOne Landscape Supply Price Performance
Shares of NYSE SITE traded up $1.93 during midday trading on Wednesday, reaching $126.41. 495,150 shares of the company were exchanged, compared to its average volume of 381,647. The stock's 50-day moving average price is $136.73 and its 200-day moving average price is $141.46. The stock has a market cap of $5.68 billion, a P/E ratio of 46.99 and a beta of 1.57. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. SiteOne Landscape Supply has a one year low of $114.60 and a one year high of $188.01.
SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.22). SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. On average, sell-side analysts anticipate that SiteOne Landscape Supply will post 3.61 earnings per share for the current fiscal year.
Hedge Funds Weigh In On SiteOne Landscape Supply
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jefferies Financial Group Inc. acquired a new position in SiteOne Landscape Supply during the 4th quarter worth approximately $233,000. Castlekeep Investment Advisors LLC acquired a new position in shares of SiteOne Landscape Supply during the fourth quarter worth approximately $608,000. Public Employees Retirement System of Ohio lifted its holdings in shares of SiteOne Landscape Supply by 10.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 52,847 shares of the industrial products company's stock worth $6,964,000 after purchasing an additional 4,878 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in SiteOne Landscape Supply by 9.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 153,907 shares of the industrial products company's stock valued at $20,280,000 after purchasing an additional 13,374 shares during the period. Finally, Voloridge Investment Management LLC increased its stake in SiteOne Landscape Supply by 55.7% during the 4th quarter. Voloridge Investment Management LLC now owns 135,194 shares of the industrial products company's stock valued at $17,815,000 after purchasing an additional 48,347 shares in the last quarter.
About SiteOne Landscape Supply
(
Get Free Report)
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.
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