Pool (NASDAQ:POOL) PT Lowered to $305.00

Pool (NASDAQ:POOL) had its price objective lowered by research analysts at Loop Capital from $370.00 to $305.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the specialty retailer’s stock. Loop Capital’s target price indicates a potential downside of 2.33% from the company’s current price.

POOL has been the subject of a number of other reports. Wells Fargo & Company decreased their price objective on Pool from $360.00 to $290.00 and set an “equal weight” rating for the company in a research report on Tuesday. Stifel Nicolaus decreased their price objective on Pool from $370.00 to $360.00 and set a “hold” rating for the company in a research report on Monday, April 29th. Robert W. Baird decreased their price objective on Pool from $380.00 to $305.00 and set a “neutral” rating for the company in a research report on Tuesday. Stephens decreased their price objective on Pool from $425.00 to $350.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Oppenheimer decreased their price objective on Pool from $416.00 to $356.00 and set an “outperform” rating for the company in a research report on Tuesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Pool has an average 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 stock’s 50 day moving average price is $357.56 and its 200 day moving average price is $378.61. The company has a market capitalization of $11.97 billion, a PE ratio of 24.44, a P/E/G ratio of 3.75 and a beta of 1.02. The company has a quick ratio of 0.56, a current ratio of 1.88 and a debt-to-equity ratio of 0.70. Pool has a 52-week low of $299.24 and a 52-week high of $422.73.

Pool (NASDAQ:POOL) last released its quarterly earnings results 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 analysts’ expectations of $1.13 billion. Pool had a return on equity of 35.49% and a net margin of 9.17%. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.46 EPS. On average, research analysts anticipate that Pool will post 11.24 EPS for the current year.

Hedge Funds Weigh In On Pool

Several hedge funds have recently bought and sold shares of the stock. Czech National Bank grew its stake in Pool by 0.4% in the first quarter. Czech National Bank now owns 6,805 shares of the specialty retailer’s stock valued at $2,746,000 after acquiring an additional 30 shares during the period. Wedmont Private Capital grew its stake in Pool by 5.4% in the first quarter. Wedmont Private Capital now owns 590 shares of the specialty retailer’s stock valued at $236,000 after acquiring an additional 30 shares during the period. TIAA Trust National Association grew its stake in Pool by 4.2% in the first quarter. TIAA Trust National Association now owns 747 shares of the specialty retailer’s stock valued at $301,000 after acquiring an additional 30 shares during the period. Great Lakes Advisors LLC grew its stake in Pool by 1.2% in the fourth quarter. Great Lakes Advisors LLC now owns 2,724 shares of the specialty retailer’s stock valued at $1,086,000 after acquiring an additional 31 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its stake in Pool by 39.6% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 127 shares of the specialty retailer’s stock valued at $51,000 after acquiring an additional 36 shares during the period. Hedge funds and other 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.