Analysts Set Pool Co. (NASDAQ:POOL) PT at $368.00

Pool Co. (NASDAQ:POOL) has earned an average rating of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $368.00.

Several analysts recently issued reports on the stock. Loop Capital increased their price target 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 raised their target price on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Wells Fargo & Company reduced their target price on Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. StockNews.com lowered shares of Pool from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Oppenheimer lifted their target price on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th.

Institutional Investors Weigh In On Pool

Institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC grew its holdings in Pool by 37,863.6% during the 3rd quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock valued at $51,926,000 after buying an additional 137,445 shares in the last quarter. Versor Investments LP purchased a new position in shares of Pool in the third quarter worth about $720,000. Parnassus Investments LLC increased its holdings in shares of Pool by 3.5% in the third quarter. Parnassus Investments LLC now owns 204,730 shares of the specialty retailer’s stock worth $77,142,000 after buying an additional 6,987 shares during the period. Sumitomo Life Insurance Co. increased its stake in Pool by 1.7% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 5,121 shares of the specialty retailer’s stock worth $1,930,000 after purchasing an additional 85 shares during the period. Finally, National Bank of Canada FI increased its stake in Pool by 46.6% in the 3rd quarter. National Bank of Canada FI now owns 15,576 shares of the specialty retailer’s stock worth $5,869,000 after purchasing an additional 4,954 shares during the period. 98.99% of the stock is owned by hedge funds and other institutional investors.

Pool Price Performance

Shares of POOL opened at $336.35 on Friday. The company’s fifty day simple moving average is $348.42 and its 200 day simple moving average is $356.74. The company has a market cap of $12.80 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 1.92 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. Pool has a 1-year low of $293.51 and a 1-year high of $422.73.

About Pool

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.