Wells Fargo & Company Lowers Pool (NASDAQ:POOL) Price Target to $360.00

Pool (NASDAQ:POOL) had its target price reduced by analysts at Wells Fargo & Company from $370.00 to $360.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the specialty retailer’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 6.13% from the stock’s current price.

A number of other research firms have also commented on POOL. Oppenheimer raised their price objective on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. 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 report on Wednesday, October 16th. Loop Capital increased their price objective on shares of Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Stifel Nicolaus increased their price target on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Finally, StockNews.com raised Pool from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $368.00.

Pool Price Performance

POOL stock opened at $339.20 on Tuesday. The company has a market capitalization of $12.91 billion, a P/E ratio of 29.19, a price-to-earnings-growth ratio of 1.93 and a beta of 1.03. Pool has a 52-week low of $293.51 and a 52-week high of $422.73. The business has a 50-day simple moving average of $351.74 and a two-hundred day simple moving average of $356.96. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39.

Institutional Trading of Pool

Hedge funds and other institutional investors have recently modified their holdings of the business. Heritage Family Offices LLP raised its holdings in Pool by 2.2% during the 3rd quarter. Heritage Family Offices LLP now owns 1,278 shares of the specialty retailer’s stock valued at $482,000 after acquiring an additional 28 shares during the period. CWM LLC raised its stake in shares of Pool by 3.7% during the 3rd quarter. CWM LLC now owns 777 shares of the specialty retailer’s stock valued at $293,000 after purchasing an additional 28 shares during the period. Empirical Finance LLC lifted its holdings in Pool by 3.7% during the 3rd quarter. Empirical Finance LLC now owns 1,103 shares of the specialty retailer’s stock worth $416,000 after purchasing an additional 39 shares in the last quarter. Second Line Capital LLC boosted its stake in Pool by 4.8% in the 3rd quarter. Second Line Capital LLC now owns 853 shares of the specialty retailer’s stock worth $322,000 after purchasing an additional 39 shares during the period. Finally, Venturi Wealth Management LLC grew its holdings in Pool by 4.0% during the 4th quarter. Venturi Wealth Management LLC now owns 1,122 shares of the specialty retailer’s stock valued at $383,000 after buying an additional 43 shares in the last quarter. Institutional investors 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.