Loop Capital Lowers SiteOne Landscape Supply (NYSE:SITE) Price Target to $125.00

SiteOne Landscape Supply (NYSE:SITE) had its price target reduced by Loop Capital from $150.00 to $125.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a hold rating on the industrial products company’s stock.

SITE has been the subject of several other reports. StockNews.com upgraded shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Sunday, March 16th. UBS Group lowered their target price on 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. Royal Bank of Canada upped their target price on 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of SiteOne Landscape Supply in a report on Tuesday. They issued a “hold” rating and a $135.00 price target on the stock. Finally, Jefferies Financial Group raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and raised their price objective for the stock from $145.00 to $175.00 in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $151.10.

SiteOne Landscape Supply Trading Down 2.8 %

Shares of SITE opened at $111.25 on Friday. 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 50 day simple moving average of $130.44 and a 200-day simple moving average of $138.86. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 41.36 and a beta of 1.62. SiteOne Landscape Supply has a 1-year low of $106.24 and a 1-year high of $181.81.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.22). SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. Equities analysts forecast that SiteOne Landscape Supply will post 3.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Tidal Investments LLC grew its position in shares of SiteOne Landscape Supply by 1.5% during the 3rd quarter. Tidal Investments LLC now owns 5,166 shares of the industrial products company’s stock valued at $780,000 after buying an additional 77 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of SiteOne Landscape Supply by 0.6% during the fourth quarter. Arizona State Retirement System now owns 13,096 shares of the industrial products company’s stock valued at $1,726,000 after purchasing an additional 77 shares during the last quarter. HighPoint Advisor Group LLC raised its position in shares of SiteOne Landscape Supply by 4.0% during the 4th quarter. HighPoint Advisor Group LLC now owns 2,037 shares of the industrial products company’s stock worth $271,000 after purchasing an additional 78 shares during the period. State of Wyoming lifted its holdings in shares of SiteOne Landscape Supply by 6.2% in the 4th quarter. State of Wyoming now owns 1,389 shares of the industrial products company’s stock worth $183,000 after purchasing an additional 81 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in shares of SiteOne Landscape Supply by 90.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 100 shares during the last quarter.

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.