Pool (NASDAQ:POOL) Downgraded by StockNews.com to Sell

Pool (NASDAQ:POOL) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Several other brokerages also recently issued reports on POOL. Robert W. Baird upped their price objective on shares of Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Loop Capital upped their target price on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Wells Fargo & Company raised their price target on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Stifel Nicolaus upped their price objective on shares of Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Finally, Oppenheimer boosted their target price on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $369.25.

Pool Price Performance

Shares of NASDAQ:POOL opened at $337.27 on Friday. Pool has a 12 month low of $293.51 and a 12 month high of $422.73. The firm has a market capitalization of $12.84 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth ratio of 2.20 and a beta of 1.03. The business’s 50 day simple moving average is $362.19 and its 200-day simple moving average is $352.64. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77.

Pool (NASDAQ:POOL) last released its quarterly 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 business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. Pool had a return on equity of 31.89% and a net margin of 8.42%. The business’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.50 EPS. As a group, equities analysts forecast that Pool will post 11.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Pool

Institutional investors and hedge funds have recently bought and sold shares of the stock. Brooklyn Investment Group purchased a new position in shares of Pool in the third quarter valued at $31,000. Wilmington Savings Fund Society FSB acquired a new stake in Pool during the 3rd quarter valued at approximately $60,000. Whittier Trust Co. of Nevada Inc. increased its holdings in Pool by 101.2% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 326 shares of the specialty retailer’s stock worth $123,000 after purchasing an additional 164 shares during the last quarter. GAMMA Investing LLC raised its position 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 in the last quarter. Finally, Exchange Traded Concepts LLC purchased a new position in shares of Pool during the 3rd quarter valued at approximately $160,000. 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.