SiteOne Landscape Supply (NYSE:SITE) Hits New 52-Week Low – Should You Sell?

SiteOne Landscape Supply, Inc. (NYSE:SITE) hit a new 52-week low on Tuesday . The stock traded as low as $110.02 and last traded at $111.2980, with a volume of 39163 shares. The stock had previously closed at $114.71.

Analyst Ratings Changes

Several equities research analysts have weighed in on SITE shares. UBS Group initiated coverage on SiteOne Landscape Supply in a report on Friday, April 10th. They set a “neutral” rating and a $140.00 price target on the stock. Weiss Ratings downgraded SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Zacks Research upgraded SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Barclays dropped their target price on shares of SiteOne Landscape Supply from $150.00 to $148.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada increased their target price on shares of SiteOne Landscape Supply from $151.00 to $171.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Six investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $160.10.

SiteOne Landscape Supply Stock Performance

The stock has a market capitalization of $4.93 billion, a PE ratio of 33.02, a P/E/G ratio of 1.53 and a beta of 1.42. The stock has a 50 day moving average of $131.62 and a two-hundred day moving average of $134.91. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.33 and a quick ratio of 0.96.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.27). SiteOne Landscape Supply had a return on equity of 9.22% and a net margin of 3.24%.The company had revenue of $940.10 million for the quarter, compared to analysts’ expectations of $982.27 million. During the same period in the prior year, the firm posted ($0.61) EPS. The firm’s quarterly revenue was up .1% on a year-over-year basis. Research analysts expect that SiteOne Landscape Supply, Inc. will post 4.18 EPS for the current fiscal year.

Institutional Trading of SiteOne Landscape Supply

Several institutional investors and hedge funds have recently made changes to their positions in SITE. Man Group plc lifted its stake in shares of SiteOne Landscape Supply by 0.4% during the second quarter. Man Group plc now owns 22,338 shares of the industrial products company’s stock valued at $2,702,000 after buying an additional 86 shares during the period. Whittier Trust Co. lifted its position in SiteOne Landscape Supply by 72.7% during the first quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock worth $27,000 after buying an additional 88 shares during the period. Parallel Advisors LLC raised its stake in SiteOne Landscape Supply by 15.6% during the first quarter. Parallel Advisors LLC now owns 652 shares of the industrial products company’s stock worth $87,000 after purchasing an additional 88 shares during the period. State of New Jersey Common Pension Fund D raised its stake in SiteOne Landscape Supply by 0.5% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 16,928 shares of the industrial products company’s stock worth $2,109,000 after purchasing an additional 89 shares during the period. Finally, NewEdge Advisors LLC raised its stake in SiteOne Landscape Supply by 36.6% during the first quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 107 shares during the period.

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.