Pool (NASDAQ:POOL) Upgraded to “Hold” at StockNews.com

Pool (NASDAQ:POOL) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Saturday.

A number of other analysts have also commented on the company. Stifel Nicolaus lifted their price target on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Loop Capital lifted their target price on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Robert W. Baird upped their price target on shares of Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Oppenheimer lifted their price target on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Finally, Wells Fargo & Company increased their price objective on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $369.25.

Pool Trading Up 0.5 %

Shares of Pool stock opened at $326.40 on Friday. The firm has a market capitalization of $12.42 billion, a PE ratio of 28.09, a price-to-earnings-growth ratio of 2.20 and a beta of 1.03. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61. The firm’s 50 day moving average is $358.49 and its 200 day moving average is $352.59. Pool has a 1 year low of $293.51 and a 1 year high of $422.73.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.11. Pool had a net margin of 8.42% and a return on equity of 31.89%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the business earned $3.50 earnings per share. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. Equities research analysts forecast that Pool will post 11.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pool

A number of hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC raised its holdings in shares of Pool by 115.7% during the second quarter. Acadian Asset Management LLC now owns 908 shares of the specialty retailer’s stock valued at $277,000 after purchasing an additional 487 shares during the period. Royal London Asset Management Ltd. boosted its holdings in Pool by 3.8% in the second quarter. Royal London Asset Management Ltd. now owns 18,750 shares of the specialty retailer’s stock worth $5,762,000 after acquiring an additional 689 shares in the last quarter. American Century Companies Inc. grew its stake in Pool by 9.6% in the second quarter. American Century Companies Inc. now owns 430,300 shares of the specialty retailer’s stock valued at $132,244,000 after acquiring an additional 37,598 shares during the period. Achmea Investment Management B.V. grew its stake in Pool by 9.6% in the second quarter. Achmea Investment Management B.V. now owns 6,118 shares of the specialty retailer’s stock valued at $1,880,000 after acquiring an additional 536 shares during the period. Finally, Thoroughbred Financial Services LLC increased its holdings in shares of Pool by 285.3% during the second quarter. Thoroughbred Financial Services LLC now owns 2,354 shares of the specialty retailer’s stock valued at $723,000 after acquiring an additional 1,743 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors.

Pool Company Profile

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.