Pool (NASDAQ:POOL) Price Target Cut to $290.00

Pool (NASDAQ:POOL) had its price target lowered by analysts at Bank of America from $338.00 to $290.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has an “underperform” rating on the specialty retailer’s stock. Bank of America‘s target price suggests a potential downside of 7.13% from the company’s current price.

POOL has been the subject of a number of other reports. Stephens decreased their price objective on Pool from $425.00 to $350.00 and set an “overweight” rating for the company in a report on Tuesday. Stifel Nicolaus decreased their price target on Pool from $370.00 to $360.00 and set a “hold” rating for the company in a research note on Monday, April 29th. Robert W. Baird decreased their price target on Pool from $380.00 to $305.00 and set a “neutral” rating for the company in a research note on Tuesday. Oppenheimer decreased their price target on Pool from $416.00 to $356.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, Loop Capital decreased their price target on Pool from $370.00 to $305.00 and set a “hold” rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $328.00.

Pool Trading Up 0.5 %

NASDAQ POOL opened at $312.28 on Tuesday. The firm has a market cap of $11.97 billion, a P/E ratio of 24.44, a P/E/G ratio of 3.75 and a beta of 1.02. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.88 and a quick ratio of 0.56. The stock’s 50-day moving average is $357.56 and its 200-day moving average is $378.61. Pool has a one year low of $299.24 and a one year high of $422.73.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. Pool had a return on equity of 35.49% and a net margin of 9.17%. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.46 earnings per share. Sell-side analysts anticipate that Pool will post 11.24 earnings per share for the current fiscal year.

Institutional Trading of Pool

Several hedge funds have recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC acquired a new position in Pool in the 4th quarter valued at $28,000. Stuart Chaussee & Associates Inc. raised its holdings in Pool by 250.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 77 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 55 shares in the last quarter. CVA Family Office LLC acquired a new position in Pool in the 4th quarter valued at $34,000. Lindbrook Capital LLC raised its holdings in Pool by 73.7% in the 4th quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer’s stock valued at $39,000 after acquiring an additional 42 shares in the last quarter. Finally, VisionPoint Advisory Group LLC raised its holdings in Pool by 11,800.0% in the 4th quarter. VisionPoint Advisory Group LLC now owns 119 shares of the specialty retailer’s stock valued at $47,000 after acquiring an additional 118 shares in the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

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.