Pool (NASDAQ:POOL) Rating Lowered to Sell at StockNews.com

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

Other research analysts have also issued reports about the company. Loop Capital lifted their target price on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Wells Fargo & Company lifted their price objective on shares of Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Stifel Nicolaus boosted their target price on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Oppenheimer raised their target price 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, Robert W. Baird upped their price target on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, Pool currently has an average rating of “Hold” and an average price target of $369.25.

Pool Trading Down 0.3 %

Shares of NASDAQ:POOL opened at $347.84 on Tuesday. The company has a 50 day moving average of $366.00 and a 200-day moving average of $352.75. 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 has a market cap of $13.24 billion, a P/E ratio of 29.93, a P/E/G ratio of 2.20 and a beta of 1.01. Pool has a twelve month low of $293.51 and a twelve month high of $422.73.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.11. Pool had a return on equity of 31.89% and a net margin of 8.42%. The firm 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 firm posted $3.50 earnings per share. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, analysts anticipate that Pool will post 11.02 earnings per share for the current fiscal year.

Institutional Trading of Pool

Hedge funds and other institutional investors have recently modified their holdings of the business. Berkshire Hathaway Inc acquired a new position in Pool during the third quarter valued at $152,249,000. International Assets Investment Management LLC grew its stake 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 acquiring an additional 137,445 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new position in shares of Pool in the 3rd quarter valued at about $40,750,000. Bank of New York Mellon Corp lifted its position in shares of Pool by 26.6% in the second quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer’s stock worth $133,125,000 after purchasing an additional 90,951 shares in the last quarter. Finally, Lord Abbett & CO. LLC boosted its holdings in shares of Pool by 44.3% during the third quarter. Lord Abbett & CO. LLC now owns 217,572 shares of the specialty retailer’s stock worth $81,981,000 after purchasing an additional 66,791 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

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.