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

Pool (NASDAQ:POOL) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Thursday.

POOL has been the topic of several other reports. Stifel Nicolaus boosted their target price on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Loop Capital boosted their price objective on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Oppenheimer upped their target price on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Finally, Wells Fargo & Company reduced their price target on Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $368.00.

Pool Trading Down 0.1 %

Shares of POOL stock opened at $344.00 on Thursday. Pool has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39. The stock’s fifty day moving average is $343.47 and its two-hundred day moving average is $355.62. The firm has a market capitalization of $13.09 billion, a P/E ratio of 29.60, a PEG ratio of 1.93 and a beta of 1.03.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. The business had revenue of $987.48 million during the quarter, compared to analysts’ expectations of $961.04 million. Pool had a net margin of 8.42% and a return on equity of 31.89%. Research analysts expect that Pool will post 11.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of POOL. Rakuten Securities Inc. raised its stake in shares of Pool by 2,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 69 shares during the period. Atala Financial Inc acquired a new stake in Pool in the 4th quarter valued at approximately $29,000. Sierra Ocean LLC purchased a new stake in Pool in the fourth quarter valued at approximately $30,000. Brooklyn Investment Group acquired a new position in Pool during the third quarter worth $31,000. Finally, FWL Investment Management LLC purchased a new position in shares of Pool during the fourth quarter worth $39,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

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.