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

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SITE shares. Stifel Nicolaus raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $157.00 price target for the company in a report on Monday, May 4th. Robert W. Baird set a $160.00 price target on SiteOne Landscape Supply in a report on Thursday, April 30th. Barclays reduced their price target on SiteOne Landscape Supply from $150.00 to $148.00 and set an “equal weight” rating for the company in a report on Thursday, April 30th. UBS Group started coverage on shares of SiteOne Landscape Supply in a research report on Friday, April 10th. They set a “neutral” rating and a $140.00 price objective for the company. Finally, Royal Bank Of Canada upped their price objective on shares of SiteOne Landscape Supply from $151.00 to $171.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, SiteOne Landscape Supply has an average rating of “Hold” and an average target price of $160.10.

SiteOne Landscape Supply Price Performance

The stock has a 50-day simple moving average of $131.62 and a 200 day simple moving average of $134.91. The company has a market cap 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 company has a quick ratio of 0.96, a current ratio of 2.33 and a debt-to-equity ratio of 0.39.

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

Institutional Investors Weigh In On SiteOne Landscape Supply

Several institutional investors and hedge funds have recently modified their holdings of SITE. True Wealth Design LLC raised its holdings in shares of 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 valued at $25,000 after buying an additional 168 shares during the period. Whittier Trust Co. increased its stake in SiteOne Landscape Supply by 72.7% during the 1st 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. Rothschild Investment LLC increased its stake in SiteOne Landscape Supply by 1,521.4% during the 4th quarter. Rothschild Investment LLC now owns 227 shares of the industrial products company’s stock worth $28,000 after buying an additional 213 shares during the period. IFP Advisors Inc increased its stake in SiteOne Landscape Supply by 106.8% during the 4th quarter. IFP Advisors Inc now owns 306 shares of the industrial products company’s stock worth $38,000 after buying an additional 158 shares during the period. Finally, Empowered Funds LLC purchased a new stake in SiteOne Landscape Supply during the 4th quarter worth approximately $42,000.

About SiteOne Landscape Supply

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.