Pool (NASDAQ:POOL) Lowered to “Sell” Rating by StockNews.com

Pool (NASDAQ:POOL) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Several other analysts also recently weighed in on the stock. Robert W. Baird boosted their price target on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Oppenheimer boosted their target price on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Stifel Nicolaus raised their price target on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Loop Capital boosted their price objective on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company cut their target price on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Pool currently has an average rating of “Hold” and a consensus price target of $368.00.

Pool Trading Down 1.9 %

POOL stock opened at $331.71 on Friday. The company has a market capitalization of $12.62 billion, a PE ratio of 28.55, a price-to-earnings-growth ratio of 1.93 and a beta of 1.03. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39. Pool has a one year low of $293.51 and a one year high of $422.73. The company’s 50 day moving average price is $350.96 and its two-hundred day moving average price is $356.82.

Hedge Funds Weigh In On Pool

A number of institutional investors have recently bought and sold shares of the stock. Sierra Ocean LLC purchased a new position in shares of Pool during the 4th quarter worth approximately $30,000. Brooklyn Investment Group purchased a new stake in Pool in the third quarter worth $31,000. Private Trust Co. NA raised its holdings in Pool by 76.9% in the fourth quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer’s stock worth $47,000 after purchasing an additional 60 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Pool during the third quarter valued at $60,000. Finally, YANKCOM Partnership bought a new stake in shares of Pool during the 4th quarter valued at $61,000. 98.99% of the stock is 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.