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

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

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

Pool Stock Performance

NASDAQ POOL opened at $326.40 on Friday. Pool has a twelve month low of $293.51 and a twelve month high of $422.73. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61. The firm has a market cap of $12.42 billion, a price-to-earnings ratio of 28.09, a price-to-earnings-growth ratio of 2.20 and a beta of 1.03. The business has a 50-day moving average price of $359.22 and a 200-day moving average price of $352.38.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, beating 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 business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the firm earned $3.50 EPS. The business’s revenue was down 2.8% on a year-over-year basis. As a group, equities research analysts predict that Pool will post 11.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Pool

Large investors have recently added to or reduced their stakes in the stock. Brooklyn Investment Group acquired a new position in Pool during the third quarter worth about $31,000. Wilmington Savings Fund Society FSB acquired a new position in Pool in the third quarter valued at approximately $60,000. Whittier Trust Co. of Nevada Inc. grew its position in Pool by 101.2% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 326 shares of the specialty retailer’s stock worth $123,000 after acquiring an additional 164 shares during the period. GAMMA Investing LLC lifted its stake in shares of Pool by 24.8% in the 3rd quarter. GAMMA Investing LLC now owns 402 shares of the specialty retailer’s stock valued at $151,000 after purchasing an additional 80 shares during the last quarter. Finally, Hilltop National Bank increased its position in shares of Pool by 18.1% during the 4th quarter. Hilltop National Bank now owns 412 shares of the specialty retailer’s stock worth $140,000 after purchasing an additional 63 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

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.