SiteOne Landscape Supply (NYSE:SITE) Price Target Cut to $167.00 by Analysts at Bank of America

SiteOne Landscape Supply (NYSE:SITE) had its price target trimmed by Bank of America from $182.00 to $167.00 in a report published on Monday,Benzinga reports. The firm currently has a buy rating on the industrial products company’s stock.

Other equities research analysts have also issued reports about the stock. Zacks Research upgraded shares of SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a report on Wednesday, January 21st. Robert W. Baird set a $190.00 price target on shares of SiteOne Landscape Supply in a report on Thursday, February 12th. Stifel Nicolaus set a $144.00 price target on shares of SiteOne Landscape Supply in a report on Monday, February 9th. Finally, Barclays upped their price target on shares of SiteOne Landscape Supply from $134.00 to $150.00 and gave the company an “equal weight” rating in a report on Thursday, February 12th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, SiteOne Landscape Supply has an average rating of “Hold” and an average target price of $162.22.

SiteOne Landscape Supply Trading Up 2.4%

NYSE:SITE opened at $147.80 on Monday. The company has a fifty day moving average of $138.85 and a 200 day moving average of $134.12. SiteOne Landscape Supply has a 52 week low of $106.74 and a 52 week high of $168.56. The company has a quick ratio of 1.20, a current ratio of 2.47 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $6.55 billion, a P/E ratio of 43.99, a P/E/G ratio of 1.85 and a beta of 1.57.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings results on Wednesday, February 11th. The industrial products company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.09. SiteOne Landscape Supply had a net margin of 3.23% and a return on equity of 9.28%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the business posted ($0.48) EPS. The firm’s revenue was up 3.2% compared to the same quarter last year. On average, research analysts predict that SiteOne Landscape Supply will post 4.27 earnings per share for the current year.

Insider Buying and Selling

In other SiteOne Landscape Supply news, EVP Eric J. Elema sold 1,765 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $158.01, for a total value of $278,887.65. Following the completion of the transaction, the executive vice president directly owned 2,911 shares in the company, valued at approximately $459,967.11. This represents a 37.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. True Wealth Design LLC raised its holdings in SiteOne Landscape Supply by 541.9% in the 4th quarter. True Wealth Design LLC now owns 199 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 168 shares in the last quarter. Rothschild Investment LLC raised its holdings in SiteOne Landscape Supply by 1,521.4% in the 4th quarter. Rothschild Investment LLC now owns 227 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 213 shares in the last quarter. IFP Advisors Inc raised its holdings in SiteOne Landscape Supply by 106.8% in the 4th quarter. IFP Advisors Inc now owns 306 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 158 shares in the last quarter. Empowered Funds LLC bought a new position in SiteOne Landscape Supply in the 4th quarter worth $42,000. Finally, HM Payson & Co. raised its holdings in SiteOne Landscape Supply by 32.2% in the 3rd quarter. HM Payson & Co. now owns 398 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 97 shares in the last quarter.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.