Pool (NASDAQ:POOL) Given New $395.00 Price Target at Loop Capital

Pool (NASDAQ:POOL) had its price target hoisted by Loop Capital from $345.00 to $395.00 in a research note published on Friday, Benzinga reports. Loop Capital currently has a hold rating on the specialty retailer’s stock.

A number of other analysts have also recently commented on POOL. The Goldman Sachs Group upped their price objective on Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Robert W. Baird increased their price objective on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Wells Fargo & Company raised their price objective on shares of Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Stifel Nicolaus upped their target price on shares of Pool from $310.00 to $335.00 and gave the company a “hold” rating in a report on Friday, August 30th. Finally, StockNews.com upgraded shares of Pool from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $369.11.

Pool Stock Performance

Shares of NASDAQ POOL opened at $369.89 on Friday. The firm’s 50-day moving average price is $359.72 and its 200-day moving average price is $352.87. Pool has a 52-week low of $293.51 and a 52-week high of $422.73. The company has a market cap of $14.15 billion, a PE ratio of 31.83, a PEG ratio of 2.68 and a beta of 1.01. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.11. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the company posted $3.50 earnings per share. As a group, analysts anticipate that Pool will post 11.02 EPS for the current year.

Institutional Trading of Pool

Hedge funds and other institutional investors have recently modified their holdings of the company. Tortoise Investment Management LLC boosted its holdings in Pool by 68.9% in the 2nd quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock worth $32,000 after buying an additional 42 shares during the period. Crewe Advisors LLC grew its position in shares of Pool by 232.4% during the second quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 79 shares in the last quarter. UMB Bank n.a. raised its stake in Pool by 26.2% during the 2nd quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock valued at $64,000 after purchasing an additional 43 shares during the period. Ridgewood Investments LLC purchased a new position in Pool in the 2nd quarter worth approximately $74,000. Finally, Summit Securities Group LLC bought a new position in Pool in the 2nd quarter worth approximately $75,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

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.